Quotient Wealth Partners LLC Raises Stock Position in Altria Group, Inc. (NYSE:MO)

Quotient Wealth Partners LLC raised its stake in shares of Altria Group, Inc. (NYSE:MO) by 12.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,529 shares of the company’s stock after purchasing an additional 627 shares during the period. Quotient Wealth Partners LLC’s holdings in Altria Group were worth $289,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Fiduciary Financial Group LLC increased its stake in Altria Group by 7.3% during the 3rd quarter. Fiduciary Financial Group LLC now owns 6,804 shares of the company’s stock worth $337,000 after buying an additional 465 shares in the last quarter. McGlone Suttner Wealth Management Inc. increased its position in shares of Altria Group by 6.5% during the third quarter. McGlone Suttner Wealth Management Inc. now owns 6,739 shares of the company’s stock worth $344,000 after purchasing an additional 410 shares in the last quarter. CVA Family Office LLC raised its stake in Altria Group by 7.4% in the 3rd quarter. CVA Family Office LLC now owns 9,937 shares of the company’s stock valued at $507,000 after purchasing an additional 683 shares during the last quarter. Redhawk Wealth Advisors Inc. purchased a new position in Altria Group in the 3rd quarter valued at $661,000. Finally, Orca Investment Management LLC lifted its holdings in Altria Group by 4.5% in the 3rd quarter. Orca Investment Management LLC now owns 10,020 shares of the company’s stock valued at $511,000 after purchasing an additional 436 shares in the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Wall Street Analyst Weigh In

MO has been the subject of a number of recent research reports. Morgan Stanley reduced their target price on shares of 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. Stifel Nicolaus increased their price objective on shares of Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Barclays boosted their target price on Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lifted their price objective on Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Bank of America upgraded Altria Group from a “neutral” rating to a “buy” rating and upped their target price for the company from $55.00 to $65.00 in a report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $53.29.

Altria Group Stock Up 0.0 %

NYSE:MO opened at $52.65 on Monday. Altria Group, Inc. has a 52 week low of $39.25 and a 52 week high of $58.03. The stock’s fifty day moving average is $53.09 and its two-hundred day moving average is $52.47. The company has a market capitalization of $89.24 billion, a P/E ratio of 8.04, a P/E/G ratio of 2.80 and a beta of 0.64.

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

Altria Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 26th were given 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 7.75%. Altria Group’s payout ratio is currently 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.