Chicago Partners Investment Group LLC Has $909,000 Stake in Altria Group, Inc. (NYSE:MO)

Chicago Partners Investment Group LLC increased its position in shares of Altria Group, Inc. (NYSE:MO) by 25.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,661 shares of the company’s stock after purchasing an additional 3,571 shares during the period. Chicago Partners Investment Group LLC’s holdings in Altria Group were worth $909,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Clear Creek Financial Management LLC boosted its stake in shares of Altria Group by 6.1% in the fourth quarter. Clear Creek Financial Management LLC now owns 24,304 shares of the company’s stock valued at $1,271,000 after buying an additional 1,392 shares during the period. Heck Capital Advisors LLC acquired a new stake in shares of Altria Group during the 4th quarter worth $421,000. TriaGen Wealth Management LLC bought a new position in shares of Altria Group in the fourth quarter worth $1,566,000. Austin Private Wealth LLC acquired a new position in Altria Group in the fourth quarter valued at about $245,000. Finally, GFS Advisors LLC lifted its position in Altria Group by 12.3% during the fourth quarter. GFS Advisors LLC now owns 7,965 shares of the company’s stock worth $416,000 after purchasing an additional 873 shares during the period. 57.41% of the stock is currently owned by institutional investors.

Altria Group Trading Up 1.3 %

Shares of MO stock opened at $52.20 on Monday. Altria Group, Inc. has a 1-year low of $39.25 and a 1-year high of $58.03. The stock has a market cap of $88.46 billion, a price-to-earnings ratio of 8.82, a PEG ratio of 2.76 and a beta of 0.64. The stock has a 50-day moving average of $53.57 and a 200-day moving average of $52.35.

Altria Group (NYSE:MO) last released its quarterly earnings results on Thursday, January 30th. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.01. Altria Group had a net margin of 42.82% and a negative return on equity of 233.80%. Sell-side analysts forecast that Altria Group, Inc. will post 5.13 earnings per share for the current year.

Altria Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 26th were issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 7.82%. The ex-dividend date was Thursday, December 26th. Altria Group’s payout ratio is 68.92%.

Analyst Ratings Changes

A number of analysts have recently weighed in on MO shares. Citigroup upped their price target on shares of Altria Group from $44.50 to $48.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft upped their target price on Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Barclays lifted their price target on Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. StockNews.com upgraded Altria Group from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Finally, Morgan Stanley decreased their target price on Altria Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $53.29.

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.