Altria Group, Inc. (NYSE:MO) Shares Bought by ORG Partners LLC

ORG Partners LLC grew its stake in Altria Group, Inc. (NYSE:MO) by 3.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,892 shares of the company’s stock after acquiring an additional 627 shares during the quarter. ORG Partners LLC’s holdings in Altria Group were worth $1,041,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. True Wealth Design LLC increased its stake in Altria Group by 420.0% during the third quarter. True Wealth Design LLC now owns 572 shares of the company’s stock worth $29,000 after acquiring an additional 462 shares during the last quarter. Valley Wealth Managers Inc. increased its position in shares of Altria Group by 63.9% during the second quarter. Valley Wealth Managers Inc. now owns 667 shares of the company’s stock valued at $30,000 after acquiring an additional 260 shares during the last quarter. Legacy Investment Solutions LLC purchased a new stake in shares of Altria Group in the 3rd quarter valued at approximately $34,000. Peterson Financial Group Inc. acquired a new position in shares of Altria Group in the 3rd quarter worth approximately $41,000. Finally, Fairman Group LLC boosted its position in shares of Altria Group by 85.1% during the 3rd quarter. Fairman Group LLC now owns 892 shares of the company’s stock worth $46,000 after purchasing an additional 410 shares during the period. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Altria Group Stock Down 0.3 %

Shares of NYSE MO traded down $0.14 during mid-day trading on Friday, hitting $51.35. 3,329,824 shares of the company were exchanged, compared to its average volume of 5,319,245. The stock has a 50 day simple moving average of $54.62 and a 200-day simple moving average of $51.73. Altria Group, Inc. has a 1-year low of $39.25 and a 1-year high of $58.03. The firm has a market cap of $87.03 billion, a price-to-earnings ratio of 8.67, a price-to-earnings-growth ratio of 3.03 and a beta of 0.64.

Altria Group (NYSE:MO) last released its earnings results on Thursday, October 31st. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.35 by $0.03. The company had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $5.33 billion. Altria Group had a net margin of 42.82% and a negative return on equity of 233.80%. The business’s revenue was up 18.6% on a year-over-year basis. During the same quarter last year, the business earned $1.28 EPS. Analysts anticipate that Altria Group, Inc. will post 5.12 earnings per share for the current fiscal year.

Altria Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, December 26th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 7.95%. The ex-dividend date of this dividend is Thursday, December 26th. Altria Group’s dividend payout ratio (DPR) is 68.92%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on MO shares. Barclays boosted their target price on Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Citigroup increased their price target on shares of Altria Group from $44.50 to $48.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft upped their price target on Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Bank of America upgraded Altria Group from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $55.00 to $65.00 in a research note on Friday, December 6th. Finally, Stifel Nicolaus raised their target price on shares of Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Altria Group presently has an average rating of “Hold” and a consensus price target of $53.33.

Altria Group Profile

Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company offers cigarettes primarily under the Marlboro brand; large cigars and pipe tobacco under the Black & Mild brand; moist smokeless tobacco and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; oral nicotine pouches under the on! brand; and e-vapor products under the NJOY ACE brand.