Bartlett & Co. LLC increased its stake in Altria Group, Inc. (NYSE:MO – Get Rating) by 5.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 14,223 shares of the company’s stock after purchasing an additional 715 shares during the quarter. Bartlett & Co. LLC’s holdings in Altria Group were worth $664,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MO. Loomis Sayles & Co. L P acquired a new stake in Altria Group in the 1st quarter worth approximately $25,000. 1832 Asset Management L.P. acquired a new position in shares of Altria Group during the first quarter worth approximately $41,000. McClarren Financial Advisors Inc. acquired a new position in shares of Altria Group during the third quarter worth approximately $48,000. Atlas Capital Advisors LLC lifted its holdings in shares of Altria Group by 199.7% during the second quarter. Atlas Capital Advisors LLC now owns 1,190 shares of the company’s stock worth $50,000 after buying an additional 793 shares during the last quarter. Finally, Almanack Investment Partners LLC. acquired a new position in shares of Altria Group during the third quarter worth approximately $58,000. 58.68% of the stock is currently owned by institutional investors and hedge funds.
Altria Group Price Performance
Shares of NYSE:MO opened at $45.32 on Friday. The business’s fifty day moving average price is $46.28 and its two-hundred day moving average price is $45.32. Altria Group, Inc. has a fifty-two week low of $40.35 and a fifty-two week high of $57.05. The stock has a market capitalization of $80.92 billion, a price-to-earnings ratio of 14.21, a price-to-earnings-growth ratio of 2.31 and a beta of 0.59.
Altria Group Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 28th. Stockholders of record on Friday, March 24th will be issued a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 8.30%. The ex-dividend date is Thursday, March 23rd. Altria Group’s payout ratio is presently 117.87%.
Analyst Ratings Changes
A number of research analysts have recently commented on MO shares. Citigroup upped their price target on Altria Group from $46.50 to $49.50 and gave the stock a “neutral” rating in a report on Tuesday, February 7th. Morgan Stanley upped their price target on Altria Group from $43.00 to $46.00 and gave the stock an “equal weight” rating in a report on Monday, January 23rd. Finally, StockNews.com initiated coverage on Altria Group in a research report on Thursday. They set a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Altria Group currently has an average rating of “Hold” and a consensus price target of $47.13.
Altria Group Company Profile
Altria Group, Inc operates as a holding company, which engages in the manufacture and sale of cigarettes in the United States. It operates through the following segments: Smokeable Products, Oral tobacco products, and Wine. The Smokeable Products segment consists of cigarettes manufactured and sold by PM USA and machine-made large cigars and pipe tobacco manufactured and sold by Middleton.
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