Altria Group, Inc. (NYSE:MO) Shares Acquired by Pure Financial Advisors LLC

Pure Financial Advisors LLC increased its holdings in shares of Altria Group, Inc. (NYSE:MO) by 115.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,854 shares of the company’s stock after buying an additional 19,202 shares during the period. Pure Financial Advisors LLC’s holdings in Altria Group were worth $1,875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in MO. True Wealth Design LLC raised its holdings 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 acquiring an additional 462 shares during the last quarter. Legacy Investment Solutions LLC purchased a new stake in shares of Altria Group during the third quarter worth approximately $34,000. Peterson Financial Group Inc. acquired a new position in Altria Group in the 3rd quarter valued at $41,000. Fairman Group LLC lifted its holdings in 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 purchasing an additional 410 shares in the last quarter. Finally, IFS Advisors LLC boosted its stake in Altria Group by 330.4% during the 4th quarter. IFS Advisors LLC now owns 977 shares of the company’s stock worth $51,000 after purchasing an additional 750 shares during the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Stock Performance

MO opened at $51.92 on Tuesday. The stock has a market capitalization of $87.99 billion, a PE ratio of 8.77, a P/E/G ratio of 2.72 and a beta of 0.64. Altria Group, Inc. has a one year low of $39.25 and a one year high of $58.03. The business’s 50 day moving average price is $54.29 and its 200 day moving average price is $52.03.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, October 31st. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.35 by $0.03. The business had revenue of $6.26 billion for the quarter, compared to analyst estimates of $5.33 billion. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. The company’s quarterly revenue was up 18.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.28 EPS. As a group, equities research analysts forecast that Altria Group, Inc. will post 5.13 earnings per share for the current fiscal year.

Altria Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders 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 7.86%. The ex-dividend date of this dividend was Thursday, December 26th. Altria Group’s dividend payout ratio (DPR) is 68.92%.

Wall Street Analyst Weigh In

MO has been the subject of a number of recent research reports. Bank of America upgraded shares of Altria Group from a “neutral” rating to a “buy” rating and increased their target price for the company from $55.00 to $65.00 in a research report on Friday, December 6th. StockNews.com upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Barclays boosted their target price on Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Citigroup increased their price target on Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Altria Group presently has a consensus rating of “Hold” and a consensus 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.