Vaughan David Investments LLC IL boosted its stake in shares of Altria Group, Inc. (NYSE:MO – Get Rating) by 8.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,451 shares of the company’s stock after buying an additional 607 shares during the quarter. Vaughan David Investments LLC IL’s holdings in Altria Group were worth $353,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new position in Altria Group during the third quarter worth about $28,000. Masso Torrence Wealth Management Inc. acquired a new position in Altria Group during the fourth quarter worth about $31,000. TAP Consulting LLC acquired a new position in Altria Group during the fourth quarter worth about $32,000. Shore Point Advisors LLC acquired a new position in Altria Group during the fourth quarter worth about $33,000. Finally, AHL Investment Management Inc. acquired a new position in Altria Group during the fourth quarter worth about $36,000. Institutional investors own 59.05% of the company’s stock.
NYSE MO traded up $0.87 during mid-day trading on Friday, reaching $53.04. 8,144,638 shares of the stock were exchanged, compared to its average volume of 10,080,104. Altria Group, Inc. has a 1-year low of $42.53 and a 1-year high of $57.05. The business’s fifty day simple moving average is $53.51 and its 200 day simple moving average is $49.81. The stock has a market capitalization of $96.03 billion, a PE ratio of 32.34, a PEG ratio of 2.67 and a beta of 0.50.
The business also recently declared a quarterly dividend, which was paid on Friday, April 29th. Shareholders of record on Friday, March 25th were paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 6.79%. The ex-dividend date of this dividend was Thursday, March 24th. Altria Group’s dividend payout ratio is currently 219.51%.
MO has been the topic of several research reports. Morgan Stanley increased their price target on shares of Altria Group from $47.00 to $51.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 26th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Altria Group from $54.00 to $60.00 in a research report on Friday, April 29th. Cowen increased their price target on shares of Altria Group from $51.00 to $53.00 in a research report on Thursday, April 7th. Cowen increased their price target on shares of Altria Group from $51.00 to $53.00 in a research report on Thursday, April 7th. Finally, Sanford C. Bernstein lowered shares of Altria Group from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $58.00 to $53.00 in a research report on Tuesday. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $53.75.
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.
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