Brady Martz Wealth Solutions LLC Acquires New Position in Altria Group, Inc. (NYSE:MO)

Brady Martz Wealth Solutions LLC bought a new position in shares of Altria Group, Inc. (NYSE:MO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 26,683 shares of the company’s stock, valued at approximately $1,370,000.

Other large investors have also added to or reduced their stakes in the company. True Wealth Design LLC boosted its stake in shares of Altria Group by 420.0% in the third quarter. True Wealth Design LLC now owns 572 shares of the company’s stock worth $29,000 after acquiring an additional 462 shares during the period. Legacy Investment Solutions LLC bought a new stake in Altria Group during the 3rd quarter valued at approximately $34,000. Peterson Financial Group Inc. purchased a new position in Altria Group in the 3rd quarter worth approximately $41,000. Fairman Group LLC boosted its stake in Altria Group by 85.1% in the 3rd quarter. Fairman Group LLC now owns 892 shares of the company’s stock worth $46,000 after purchasing an additional 410 shares during the period. Finally, IFS Advisors LLC grew its holdings in Altria Group by 330.4% during the 4th quarter. IFS Advisors LLC now owns 977 shares of the company’s stock valued at $51,000 after buying an additional 750 shares in the last quarter. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus upped their target price on shares of Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price objective 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. Citigroup lifted their target price on Altria Group from $44.50 to $48.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Morgan Stanley initiated coverage on Altria Group in a report on Thursday. They set an “equal weight” rating and a $54.00 price target for the company. Finally, Barclays upped 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. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Altria Group has an average rating of “Hold” and a consensus target price of $53.43.

Altria Group Price Performance

NYSE:MO opened at $51.92 on Friday. The firm has a market capitalization of $87.99 billion, a price-to-earnings ratio of 8.77, a PEG ratio of 2.69 and a beta of 0.64. The business has a 50 day simple moving average of $54.29 and a 200-day simple moving average of $51.95. Altria Group, Inc. has a 1 year low of $39.25 and a 1 year high of $58.03.

Altria Group (NYSE:MO) last issued its quarterly earnings results on Thursday, October 31st. The company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.03. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $5.33 billion. During the same period last year, the company earned $1.28 earnings per share. Altria Group’s revenue was up 18.6% on a year-over-year basis. As a group, analysts expect that Altria Group, Inc. will post 5.12 earnings per share for the current fiscal year.

Altria Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 26th were given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 7.86%. The ex-dividend date of this dividend was Thursday, December 26th. Altria Group’s dividend payout ratio (DPR) is currently 68.92%.

Altria Group Company 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.