Rosenberg Matthew Hamilton Has $65,000 Stock Holdings in Altria Group, Inc. (NYSE:MO)

Rosenberg Matthew Hamilton raised its position in Altria Group, Inc. (NYSE:MO) by 28.8% in the 4th quarter, HoldingsChannel reports. The fund owned 1,247 shares of the company’s stock after purchasing an additional 279 shares during the period. Rosenberg Matthew Hamilton’s holdings in Altria Group were worth $65,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. True Wealth Design LLC increased its position in shares of Altria Group by 420.0% during the third quarter. True Wealth Design LLC now owns 572 shares of the company’s stock valued at $29,000 after purchasing an additional 462 shares during the period. Legacy Investment Solutions LLC acquired a new stake in Altria Group during the third quarter worth $34,000. Peterson Financial Group Inc. bought a new stake in Altria Group in the 3rd quarter valued at $41,000. Fairman Group LLC raised its stake in shares of Altria Group by 85.1% in the 3rd quarter. Fairman Group LLC now owns 892 shares of the company’s stock valued at $46,000 after buying an additional 410 shares in the last quarter. Finally, Legend Financial Advisors Inc. acquired a new position in shares of Altria Group in the 4th quarter valued at $52,000. Institutional investors own 57.41% of the company’s stock.

Altria Group Price Performance

NYSE MO opened at $51.32 on Wednesday. The stock’s 50 day simple moving average is $54.44 and its 200 day simple moving average is $51.92. Altria Group, Inc. has a one year low of $39.25 and a one year high of $58.03. The firm has a market cap of $86.98 billion, a PE ratio of 8.67, a price-to-earnings-growth ratio of 3.03 and a beta of 0.64.

Altria Group (NYSE:MO) last announced its earnings results on Thursday, October 31st. The company reported $1.38 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $5.33 billion. During the same quarter in the prior year, the business earned $1.28 earnings per share. The business’s revenue for the quarter was up 18.6% on a year-over-year basis. As a group, equities analysts expect that Altria Group, Inc. will post 5.12 earnings per share for the current year.

Altria Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 26th were paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 7.95%. The ex-dividend date was Thursday, December 26th. Altria Group’s dividend payout ratio is presently 68.92%.

Analysts Set New Price Targets

MO has been the topic of a number of analyst reports. Citigroup upped their target price on shares of Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Barclays lifted their price objective on Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft boosted their price target on Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Stifel Nicolaus boosted their target price on shares of Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $53.33.

About Altria Group

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.