Altria Group, Inc. (NYSE:MO) Shares Bought by Brandywine Oak Private Wealth LLC

Brandywine Oak Private Wealth LLC increased its holdings in Altria Group, Inc. (NYSE:MO) by 73.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,168 shares of the company’s stock after buying an additional 3,036 shares during the quarter. Brandywine Oak Private Wealth LLC’s holdings in Altria Group were worth $375,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Aviance Capital Partners LLC raised its position in shares of Altria Group by 0.5% during the third quarter. Aviance Capital Partners LLC now owns 40,362 shares of the company’s stock worth $2,060,000 after purchasing an additional 191 shares during the period. Horst & Graben Wealth Management LLC grew its position in Altria Group by 1.5% during the 4th quarter. Horst & Graben Wealth Management LLC now owns 13,015 shares of the company’s stock worth $681,000 after purchasing an additional 198 shares in the last quarter. Fragasso Financial Advisors Inc boosted its position in shares of Altria Group by 3.3% in the fourth quarter. Fragasso Financial Advisors Inc now owns 6,302 shares of the company’s stock worth $330,000 after buying an additional 199 shares during the period. American Institute for Advanced Investment Management LLP grew its holdings in shares of Altria Group by 3.5% during the third quarter. American Institute for Advanced Investment Management LLP now owns 5,860 shares of the company’s stock valued at $299,000 after buying an additional 200 shares in the last quarter. Finally, Ridgecrest Wealth Partners LLC raised its position in Altria Group by 3.5% during the third quarter. Ridgecrest Wealth Partners LLC now owns 5,851 shares of the company’s stock valued at $299,000 after buying an additional 200 shares during the period. Institutional investors own 57.41% of the company’s stock.

Wall Street Analysts Forecast Growth

MO has been the subject of a number of research reports. Stifel Nicolaus raised their price objective on Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Barclays upped their price objective on shares of Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Bank of America upgraded Altria Group from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $55.00 to $65.00 in a report on Friday, December 6th. Finally, Morgan Stanley lowered their target price on Altria Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $53.29.

Altria Group Stock Down 0.1 %

Shares of Altria Group stock opened at $52.58 on Thursday. Altria Group, Inc. has a 12-month low of $39.25 and a 12-month high of $58.03. The stock has a 50 day moving average price of $53.39 and a two-hundred day moving average price of $52.42. The stock has a market capitalization of $89.11 billion, a P/E ratio of 8.03, a PEG ratio of 2.78 and a beta of 0.64.

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

Altria Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 26th were issued a dividend of $1.02 per share. The ex-dividend date was Thursday, December 26th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 7.76%. Altria Group’s payout ratio is presently 62.29%.

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.