Intergy Private Wealth LLC Acquires New Shares in Altria Group, Inc. (NYSE:MO)

Intergy Private Wealth LLC bought a new position in shares of Altria Group, Inc. (NYSE:MO) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,017 shares of the company’s stock, valued at approximately $210,000.

Other large investors also recently bought and sold shares of the company. CMG Global Holdings LLC boosted its position in shares of Altria Group by 0.6% in the 4th quarter. CMG Global Holdings LLC now owns 35,349 shares of the company’s stock worth $1,796,000 after buying an additional 202 shares in the last quarter. Evernest Financial Advisors LLC raised its position in Altria Group by 195.8% during the fourth quarter. Evernest Financial Advisors LLC now owns 15,113 shares of the company’s stock worth $790,000 after acquiring an additional 10,003 shares during the last quarter. Luken Investment Analytics LLC purchased a new stake in shares of Altria Group in the fourth quarter valued at about $47,000. Fortune Financial Advisors LLC grew its position in shares of Altria Group by 2.9% in the fourth quarter. Fortune Financial Advisors LLC now owns 41,348 shares of the company’s stock valued at $2,162,000 after purchasing an additional 1,181 shares during the last quarter. Finally, Mediolanum International Funds Ltd increased its stake in shares of Altria Group by 18.3% during the 4th quarter. Mediolanum International Funds Ltd now owns 337,133 shares of the company’s stock worth $17,515,000 after purchasing an additional 52,130 shares in the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Trading Down 2.0 %

Shares of Altria Group stock opened at $51.59 on Friday. The business’s fifty day moving average price is $53.75 and its 200 day moving average price is $52.29. Altria Group, Inc. has a twelve month low of $39.25 and a twelve month high of $58.03. The stock has a market capitalization of $87.44 billion, a P/E ratio of 8.72, a PEG ratio of 2.76 and a beta of 0.64.

Altria Group (NYSE:MO) last issued its earnings results on Thursday, January 30th. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.01. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. As a group, sell-side analysts predict that Altria Group, Inc. will post 5.13 EPS for the current 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. This represents a $4.08 annualized dividend and a dividend yield of 7.91%. The ex-dividend date of this dividend was Thursday, December 26th. Altria Group’s payout ratio is currently 68.92%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on MO shares. Stifel Nicolaus upped their target price on Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. StockNews.com upgraded Altria Group from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Citigroup lifted their price objective on 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 target price on shares of Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Morgan Stanley started coverage on shares of Altria Group in a report on Thursday, January 16th. They set an “equal weight” rating and a $54.00 price target for the company. Two investment 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $53.43.

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.