William Allan Corp Has $258,000 Stock Holdings in Altria Group, Inc. (NYSE:MO)

William Allan Corp lifted its stake in shares of Altria Group, Inc. (NYSE:MO) by 4.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,940 shares of the company’s stock after buying an additional 204 shares during the period. William Allan Corp’s holdings in Altria Group were worth $258,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of MO. Financial Life Planners acquired a new stake in Altria Group during the fourth quarter worth about $25,000. True Wealth Design LLC lifted its holdings in shares of Altria Group by 420.0% during the 3rd quarter. True Wealth Design LLC now owns 572 shares of the company’s stock worth $29,000 after acquiring an additional 462 shares during the period. Legacy Investment Solutions LLC acquired a new stake in shares of Altria Group during the 3rd quarter worth approximately $34,000. Peterson Financial Group Inc. acquired a new stake in shares of Altria Group during the 3rd quarter worth approximately $41,000. Finally, Fairman Group LLC increased its stake 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. Institutional investors own 57.41% of the company’s stock.

Altria Group Price Performance

Shares of Altria Group stock opened at $52.66 on Friday. The business has a 50-day simple moving average of $53.29 and a 200 day simple moving average of $52.42. The firm has a market capitalization of $89.24 billion, a price-to-earnings ratio of 8.04, a PEG ratio of 2.78 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.

Altria Group (NYSE:MO) last issued its earnings results on Thursday, January 30th. The company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.01. Altria Group had a negative return on equity of 258.72% and a net margin of 46.90%. On average, sell-side analysts expect that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders 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 7.75%. The ex-dividend date of this dividend was Thursday, December 26th. Altria Group’s dividend payout ratio is currently 62.29%.

Wall Street Analyst Weigh In

MO has been the topic of a number of research analyst reports. Bank of America raised Altria Group from a “neutral” rating to a “buy” rating and raised their target price for the company from $55.00 to $65.00 in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft raised their price objective on Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Stifel Nicolaus boosted their target price on Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Morgan Stanley reduced their price target on shares of Altria Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Finally, Barclays lifted their price target on shares of Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Two investment 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. Based on data from MarketBeat, Altria Group presently has an average rating of “Hold” and an average target price of $53.29.

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.