Prosperitas Financial LLC Has $2.98 Million Stock Holdings in Altria Group, Inc. (NYSE:MO)

Prosperitas Financial LLC increased its position in shares of Altria Group, Inc. (NYSE:MO) by 9.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,938 shares of the company’s stock after acquiring an additional 4,916 shares during the quarter. Altria Group comprises about 1.5% of Prosperitas Financial LLC’s investment portfolio, making the stock its 21st largest position. Prosperitas Financial LLC’s holdings in Altria Group were worth $2,977,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Aviance Capital Partners LLC increased its holdings in shares of Altria Group by 0.5% in the third quarter. Aviance Capital Partners LLC now owns 40,362 shares of the company’s stock worth $2,060,000 after acquiring an additional 191 shares in the last quarter. Horst & Graben Wealth Management LLC increased its holdings in shares of Altria Group by 1.5% in the fourth quarter. Horst & Graben Wealth Management LLC now owns 13,015 shares of the company’s stock worth $681,000 after acquiring an additional 198 shares in the last quarter. Fragasso Financial Advisors Inc increased its holdings 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 acquiring an additional 199 shares in the last quarter. Ridgecrest Wealth Partners LLC increased its holdings in shares of Altria Group by 3.5% in the third quarter. Ridgecrest Wealth Partners LLC now owns 5,851 shares of the company’s stock worth $299,000 after acquiring an additional 200 shares in the last quarter. Finally, First Citizens Financial Corp increased its holdings in shares of Altria Group by 4.8% in the fourth quarter. First Citizens Financial Corp now owns 4,402 shares of the company’s stock worth $230,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MO. Morgan Stanley lowered their price target on Altria Group from $54.00 to $53.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. 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. StockNews.com upgraded Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Barclays increased their price objective on Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Finally, Stifel Nicolaus increased their price objective on Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two 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.com, the company has a consensus rating of “Hold” and a consensus price target of $53.29.

Altria Group Stock Up 0.4 %

MO stock opened at $55.06 on Friday. The business has a 50 day moving average price of $52.73 and a two-hundred day moving average price of $52.85. The company has a market cap of $93.31 billion, a price-to-earnings ratio of 8.41, a P/E/G ratio of 2.89 and a beta of 0.64. Altria Group, Inc. has a twelve month low of $39.25 and a twelve month high of $58.03.

Altria Group (NYSE:MO) last posted its quarterly earnings results on Thursday, January 30th. The company reported $1.29 earnings per share for the quarter, beating 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%. On average, equities research analysts anticipate that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.

Altria Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 26th were given a $1.02 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 7.41%. Altria Group’s payout ratio is 62.29%.

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.