Altria Group, Inc. (NYSE:MO) Shares Bought by O ROURKE & COMPANY Inc

O ROURKE & COMPANY Inc raised its holdings in Altria Group, Inc. (NYSE:MO) by 39.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,085 shares of the company’s stock after purchasing an additional 1,714 shares during the period. O ROURKE & COMPANY Inc’s holdings in Altria Group were worth $318,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Franklin Resources Inc. lifted its stake in Altria Group by 2.2% in the 3rd quarter. Franklin Resources Inc. now owns 2,159,890 shares of the company’s stock valued at $107,679,000 after buying an additional 46,697 shares in the last quarter. Czech National Bank raised its holdings in shares of Altria Group by 5.7% during the fourth quarter. Czech National Bank now owns 367,469 shares of the company’s stock valued at $19,215,000 after acquiring an additional 19,893 shares during the last quarter. CWA Asset Management Group LLC raised its holdings in shares of Altria Group by 5.3% during the fourth quarter. CWA Asset Management Group LLC now owns 240,454 shares of the company’s stock valued at $12,573,000 after acquiring an additional 12,011 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its position in shares of Altria Group by 48.8% in the third quarter. Wilmington Savings Fund Society FSB now owns 89,761 shares of the company’s stock valued at $4,581,000 after acquiring an additional 29,421 shares in the last quarter. Finally, Csenge Advisory Group boosted its stake in shares of Altria Group by 29.1% in the fourth quarter. Csenge Advisory Group now owns 54,684 shares of the company’s stock worth $2,859,000 after acquiring an additional 12,320 shares during the last quarter. 57.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MO has been the subject of several recent research reports. Morgan Stanley reduced their price objective on Altria Group from $54.00 to $53.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. UBS Group raised their price target on shares of Altria Group from $42.00 to $46.00 and gave the stock a “sell” rating in a research note on Tuesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft set a $60.00 price objective on shares of Altria Group in a research note on Tuesday, April 1st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $54.00.

Altria Group Trading Up 0.5 %

Shares of MO opened at $56.68 on Friday. Altria Group, Inc. has a 12-month low of $40.65 and a 12-month high of $60.18. The firm has a market capitalization of $95.83 billion, a P/E ratio of 8.65, a P/E/G ratio of 2.89 and a beta of 0.54. The firm has a 50-day moving average price of $56.22 and a 200 day moving average price of $54.04.

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 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%. Equities research analysts predict that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, March 25th will be given a $1.02 dividend. The ex-dividend date is Tuesday, March 25th. This represents a $4.08 dividend on an annualized basis and a yield of 7.20%. Altria Group’s dividend 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.