Walled Lake Planning & Wealth Management LLC Purchases 4,146 Shares of Altria Group, Inc. (NYSE:MO)

Walled Lake Planning & Wealth Management LLC lifted its position in shares of Altria Group, Inc. (NYSE:MO) by 3.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 117,026 shares of the company’s stock after buying an additional 4,146 shares during the quarter. Altria Group comprises 2.3% of Walled Lake Planning & Wealth Management LLC’s holdings, making the stock its 14th biggest position. Walled Lake Planning & Wealth Management LLC’s holdings in Altria Group were worth $6,119,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Franklin Resources Inc. boosted its stake in shares of Altria Group by 2.2% in the 3rd quarter. Franklin Resources Inc. now owns 2,159,890 shares of the company’s stock valued at $107,679,000 after purchasing an additional 46,697 shares in the last quarter. Czech National Bank boosted its position in Altria Group by 5.7% in the fourth quarter. Czech National Bank now owns 367,469 shares of the company’s stock valued at $19,215,000 after buying an additional 19,893 shares in the last quarter. CWA Asset Management Group LLC increased its holdings in shares of Altria Group by 5.3% during the fourth quarter. CWA Asset Management Group LLC now owns 240,454 shares of the company’s stock worth $12,573,000 after buying an additional 12,011 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of Altria Group by 8.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 706,967 shares of the company’s stock valued at $36,084,000 after acquiring an additional 54,102 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its holdings in shares of Altria Group by 48.8% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 89,761 shares of the company’s stock valued at $4,581,000 after acquiring an additional 29,421 shares in the last quarter. 57.41% of the stock is owned by institutional investors.

Altria Group Price Performance

Shares of NYSE:MO opened at $58.17 on Friday. Altria Group, Inc. has a 1 year low of $40.65 and a 1 year high of $59.67. The business has a fifty day moving average price of $55.07 and a two-hundred day moving average price of $53.59. The company has a market capitalization of $98.35 billion, a PE ratio of 8.88, a price-to-earnings-growth ratio of 2.89 and a beta of 0.56.

Altria Group (NYSE:MO) last posted its earnings results on Thursday, January 30th. The company reported $1.29 earnings per share (EPS) 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%. Sell-side analysts anticipate that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, March 25th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $4.08 annualized dividend and a dividend yield of 7.01%. Altria Group’s dividend payout ratio is currently 62.29%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on MO shares. Bank of America upgraded shares of Altria Group from a “neutral” rating to a “buy” rating and raised their price objective for the company from $55.00 to $65.00 in a report on Friday, December 6th. Morgan Stanley reduced their price objective 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. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $53.29.

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.