Triad Wealth Partners LLC Makes New $300,000 Investment in Altria Group, Inc. (NYSE:MO)

Triad Wealth Partners LLC acquired a new position in shares of Altria Group, Inc. (NYSE:MO) in the 4th quarter, Holdings Channel.com reports. The firm acquired 5,743 shares of the company’s stock, valued at approximately $300,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MO. Financial Life Planners bought a new stake in shares of Altria Group in the 4th quarter valued at about $25,000. True Wealth Design LLC increased its stake in shares of Altria Group by 420.0% in the 3rd 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 stake in shares of Altria Group in the 3rd quarter valued at about $34,000. Marshall Investment Management LLC bought a new stake in shares of Altria Group in the 4th quarter valued at about $32,000. Finally, Kestra Investment Management LLC bought a new stake in shares of Altria Group in the 4th quarter valued at about $40,000. 57.41% of the stock is owned by institutional investors.

Altria Group Stock Down 0.6 %

NYSE:MO opened at $55.95 on Thursday. Altria Group, Inc. has a twelve month low of $40.65 and a twelve month high of $58.59. The business has a 50 day moving average price of $52.95 and a two-hundred day moving average price of $53.01. The company has a market cap of $94.60 billion, a P/E ratio of 8.54, a price-to-earnings-growth ratio of 2.89 and a beta of 0.64.

Altria Group (NYSE:MO) last released its quarterly 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 negative return on equity of 258.72% and a net margin of 46.90%. As a group, analysts anticipate that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, March 25th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 7.29%. The ex-dividend date of this dividend is Tuesday, March 25th. Altria Group’s dividend payout ratio (DPR) is currently 62.29%.

Analysts Set New Price Targets

A number of brokerages have recently commented on MO. Barclays upped their price target on Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Bank of America upgraded Altria Group from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $55.00 to $65.00 in a research report on Friday, December 6th. Finally, Morgan Stanley decreased their price objective on Altria Group from $54.00 to $53.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Altria Group has an average rating of “Hold” and an average price target of $53.29.

Altria Group Company 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.