4,017 Shares in Altria Group, Inc. (NYSE:MO) Acquired by Intergy Private Wealth LLC

Intergy Private Wealth LLC purchased a new position in shares of Altria Group, Inc. (NYSE:MO) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,017 shares of the company’s stock, valued at approximately $210,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. True Wealth Design LLC raised its holdings in Altria Group by 420.0% during the third quarter. True Wealth Design LLC now owns 572 shares of the company’s stock worth $29,000 after purchasing an additional 462 shares in the last quarter. Legacy Investment Solutions LLC purchased a new position in shares of Altria Group in the 3rd quarter valued at $34,000. Peterson Financial Group Inc. acquired a new stake in Altria Group during the 3rd quarter worth $41,000. Fairman Group LLC lifted its position in Altria Group by 85.1% in the third quarter. Fairman Group LLC now owns 892 shares of the company’s stock valued at $46,000 after acquiring an additional 410 shares during the last quarter. Finally, Luken Investment Analytics LLC acquired a new position in Altria Group in the fourth quarter valued at $47,000. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Price Performance

Shares of NYSE MO opened at $51.59 on Friday. The company has a market cap of $87.44 billion, a PE ratio of 8.72, a P/E/G ratio of 2.76 and a beta of 0.64. The stock has a fifty day moving average price of $53.75 and a 200 day moving average price of $52.29. 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, January 30th. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.01. Altria Group had a net margin of 42.82% and a negative return on equity of 233.80%. Analysts anticipate that Altria Group, Inc. will post 5.13 earnings per share for the current fiscal year.

Altria Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 26th were issued a $1.02 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $4.08 annualized dividend and a dividend yield of 7.91%. Altria Group’s dividend payout ratio is currently 68.92%.

Analysts Set New Price Targets

MO has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Citigroup boosted their price objective on Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Barclays increased 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. Morgan Stanley began coverage on shares of Altria Group in a research report on Thursday, January 16th. They issued an “equal weight” rating and a $54.00 price target for the company. Finally, StockNews.com upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $53.43.

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.