Altria Group, Inc. (NYSE:MO) Holdings Lifted by Jackson Hole Capital Partners LLC

Jackson Hole Capital Partners LLC boosted its position in shares of Altria Group, Inc. (NYSE:MO) by 5.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,139 shares of the company’s stock after buying an additional 556 shares during the quarter. Jackson Hole Capital Partners LLC’s holdings in Altria Group were worth $530,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Financial Life Planners purchased a new stake in shares of Altria Group during the fourth quarter valued at $25,000. True Wealth Design LLC lifted 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 purchasing 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 valued at $34,000. Marshall Investment Management LLC purchased a new stake in shares of Altria Group during the fourth quarter valued at $32,000. Finally, Promus Capital LLC purchased a new stake in shares of Altria Group during the fourth quarter valued at $33,000. Institutional investors own 57.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MO shares. Bank of America raised Altria Group from a “neutral” rating to a “buy” rating and upped their target price for the company from $55.00 to $65.00 in a report on Friday, December 6th. Morgan Stanley reduced their target price on Altria Group from $54.00 to $53.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Altria Group currently has an average rating of “Hold” and a consensus target price of $53.29.

Altria Group Trading Up 1.4 %

Shares of Altria Group stock opened at $57.79 on Friday. The stock has a 50-day moving average price of $53.15 and a 200 day moving average price of $53.10. The company has a market cap of $97.70 billion, a P/E ratio of 8.82, a P/E/G ratio of 2.89 and a beta of 0.56. Altria Group, Inc. has a 1 year low of $40.65 and a 1 year high of $58.59.

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 the consensus estimate 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, equities analysts forecast that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, March 25th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 7.06%. The ex-dividend date is Tuesday, March 25th. Altria Group’s dividend payout ratio (DPR) is currently 62.29%.

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.