Walker Asset Management LLC bought a new position in shares of Altria Group, Inc. (NYSE:MO – Get Rating) in the 1st quarter, Holdings Channel.com reports. The institutional investor bought 13,260 shares of the company’s stock, valued at approximately $693,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Crossmark Global Holdings Inc. boosted its holdings in Altria Group by 330.1% during the fourth quarter. Crossmark Global Holdings Inc. now owns 117,915 shares of the company’s stock worth $5,588,000 after purchasing an additional 90,497 shares during the last quarter. Calamos Advisors LLC raised its position in Altria Group by 3.5% during the fourth quarter. Calamos Advisors LLC now owns 510,131 shares of the company’s stock worth $24,175,000 after acquiring an additional 17,474 shares in the last quarter. Westwood Holdings Group Inc. raised its position in Altria Group by 7.9% during the fourth quarter. Westwood Holdings Group Inc. now owns 211,536 shares of the company’s stock worth $10,025,000 after acquiring an additional 15,440 shares in the last quarter. Westbourne Investment Advisors Inc. bought a new stake in Altria Group during the fourth quarter worth $763,000. Finally, Berkeley Capital Partners LLC raised its position in Altria Group by 13.9% during the fourth quarter. Berkeley Capital Partners LLC now owns 10,672 shares of the company’s stock worth $506,000 after acquiring an additional 1,303 shares in the last quarter. Institutional investors and hedge funds own 59.05% of the company’s stock.
Altria Group stock traded up $0.56 during trading hours on Thursday, reaching $42.06. 326,144 shares of the stock were exchanged, compared to its average volume of 12,597,319. The company has a market cap of $76.15 billion, a P/E ratio of 25.31, a price-to-earnings-growth ratio of 2.36 and a beta of 0.50. Altria Group, Inc. has a twelve month low of $41.00 and a twelve month high of $57.05. The stock has a 50 day moving average of $52.51 and a two-hundred day moving average of $51.04.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 11th. Shareholders of record on Wednesday, June 15th will be paid a dividend of $0.90 per share. The ex-dividend date is Tuesday, June 14th. This represents a $3.60 dividend on an annualized basis and a yield of 8.56%. Altria Group’s payout ratio is 219.51%.
Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group raised shares of Altria Group from a “neutral” rating to a “buy” rating and increased their price objective for the company from $48.00 to $57.00 in a research report on Tuesday, March 22nd. StockNews.com assumed coverage on shares of Altria Group in a research report on Thursday, March 31st. They issued a “buy” rating on the stock. Sanford C. Bernstein lowered shares of Altria Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $58.00 to $53.00 in a research report on Tuesday, May 10th. Cowen raised their price target on shares of Altria Group from $51.00 to $53.00 in a research report on Thursday, April 7th. Finally, Cowen raised their price target on shares of Altria Group from $51.00 to $53.00 in a research report on Thursday, April 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $53.25.
Altria Group Profile (Get Rating)
Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company provides cigarettes primarily under the Marlboro brand; cigars and pipe tobacco principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands, as well as provides on! oral nicotine pouches.
- Get a free copy of the StockNews.com research report on Altria Group (MO)
- It’s A Comfortable Time To Buy Steelcase
- Worthington’s Posts Strong Results, But Earnings Fall On One-Off Adjustments
- A Tasty Entry Point Into Darden Restaurants International
- NXP Semiconductors: Strong Earnings & New Microcontrollers for Electric Vehicles
- Lithium Stocks Are Offering Unprecedented Opportunity To Investors
Receive News & Ratings for Altria Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altria Group and related companies with MarketBeat.com's FREE daily email newsletter.