Tcfg Wealth Management LLC Purchases 1,343 Shares of Altria Group, Inc. (NYSE:MO)

Tcfg Wealth Management LLC raised its position in shares of Altria Group, Inc. (NYSE:MO) by 18.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,673 shares of the company’s stock after acquiring an additional 1,343 shares during the quarter. Tcfg Wealth Management LLC’s holdings in Altria Group were worth $454,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of MO. Financial Life Planners bought a new stake in Altria Group during the fourth quarter valued at $25,000. True Wealth Design LLC boosted its position in Altria Group by 420.0% during the third quarter. True Wealth Design LLC now owns 572 shares of the company’s stock valued at $29,000 after acquiring an additional 462 shares during the last quarter. Legacy Investment Solutions LLC bought a new position in shares of Altria Group during the 3rd quarter worth about $34,000. Peterson Financial Group Inc. bought a new position in shares of Altria Group during the 3rd quarter worth about $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 in the last quarter. Institutional investors own 57.41% of the company’s stock.

Altria Group Price Performance

MO opened at $53.37 on Friday. Altria Group, Inc. has a fifty-two week low of $39.25 and a fifty-two week high of $58.03. The firm has a market capitalization of $90.44 billion, a PE ratio of 8.15, a P/E/G ratio of 2.80 and a beta of 0.64. The company’s 50-day moving average is $52.75 and its 200 day moving average is $52.57.

Altria Group (NYSE:MO) last posted its earnings results on Thursday, January 30th. The company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.01. Altria Group had a net margin of 46.90% and a negative return on equity of 258.72%. As a group, analysts expect that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 26th were paid a $1.02 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $4.08 annualized dividend and a yield of 7.65%. Altria Group’s dividend payout ratio (DPR) is 62.29%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus increased their price objective on shares of Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. StockNews.com raised shares of Altria Group from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Morgan Stanley cut their price objective on shares of Altria Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Finally, Barclays increased their price objective on shares of Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $53.29.

About Altria Group

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.