Future Financial Wealth Managment LLC Buys 300 Shares of Altria Group, Inc. (NYSE:MO)

Future Financial Wealth Managment LLC lifted its holdings in Altria Group, Inc. (NYSE:MO) by 8.0% during the 4th quarter, Holdings Channel reports. The fund owned 4,058 shares of the company’s stock after acquiring an additional 300 shares during the quarter. Future Financial Wealth Managment LLC’s holdings in Altria Group were worth $212,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. State Street Corp raised its position in shares of Altria Group by 5.6% during the third quarter. State Street Corp now owns 73,481,686 shares of the company’s stock worth $3,821,831,000 after acquiring an additional 3,910,738 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of Altria Group by 729.8% in the 3rd quarter. Los Angeles Capital Management LLC now owns 1,969,262 shares of the company’s stock valued at $100,511,000 after purchasing an additional 1,731,932 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Altria Group by 3,786.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,743,443 shares of the company’s stock worth $88,985,000 after buying an additional 1,698,585 shares during the period. AQR Capital Management LLC raised its stake in shares of Altria Group by 25.0% during the second quarter. AQR Capital Management LLC now owns 6,490,441 shares of the company’s stock worth $295,055,000 after buying an additional 1,299,703 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Altria Group by 2.5% in the third quarter. Geode Capital Management LLC now owns 40,803,759 shares of the company’s stock valued at $2,079,919,000 after buying an additional 1,003,605 shares during the period. Institutional investors and hedge funds own 57.41% of the company’s stock.

Analyst Upgrades and Downgrades

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

Altria Group Trading Up 0.3 %

Shares of Altria Group stock traded up $0.14 on Monday, reaching $51.01. 2,977,893 shares of the company were exchanged, compared to its average volume of 6,286,995. The company has a market capitalization of $86.45 billion, a price-to-earnings ratio of 8.62, a PEG ratio of 3.03 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 company has a 50-day moving average of $54.56 and a 200 day moving average of $51.84.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, October 31st. The company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.03. The firm had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $5.33 billion. Altria Group had a net margin of 42.82% and a negative return on equity of 233.80%. The company’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.28 earnings per share. Analysts predict that Altria Group, Inc. will post 5.12 earnings per share for the current year.

Altria Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 26th were paid a $1.02 dividend. The ex-dividend date was Thursday, December 26th. This represents a $4.08 annualized dividend and a yield of 8.00%. Altria Group’s dividend payout ratio is 68.92%.

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.