Altria Group, Inc. (NYSE:MO) Shares Bought by CMG Global Holdings LLC

CMG Global Holdings LLC raised its position in shares of Altria Group, Inc. (NYSE:MO) by 0.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 35,349 shares of the company’s stock after buying an additional 202 shares during the period. CMG Global Holdings LLC’s holdings in Altria Group were worth $1,796,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. True Wealth Design LLC boosted its position in Altria Group by 420.0% in the 3rd quarter. True Wealth Design LLC now owns 572 shares of the company’s stock valued at $29,000 after buying an additional 462 shares during the period. Legacy Investment Solutions LLC acquired a new stake in shares of Altria Group in the third quarter valued at $34,000. Peterson Financial Group Inc. purchased a new position in Altria Group in the third quarter valued at $41,000. Fairman Group LLC grew its stake in Altria Group by 85.1% during the 3rd quarter. Fairman Group LLC now owns 892 shares of the company’s stock worth $46,000 after purchasing an additional 410 shares in the last quarter. Finally, Luken Investment Analytics LLC purchased a new stake in Altria Group during the 4th quarter worth about $47,000. 57.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MO. Stifel Nicolaus lifted their price target on shares of Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Citigroup boosted their target price on shares of Altria Group from $44.50 to $48.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Morgan Stanley initiated coverage on Altria Group in a research report on Thursday, January 16th. They set an “equal weight” rating and a $54.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft raised their target price 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 investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $53.43.

Altria Group Stock Performance

Altria Group stock opened at $51.59 on Friday. The stock has a 50-day simple moving average of $53.75 and a 200-day simple moving average of $52.29. The company has a market capitalization of $87.44 billion, a P/E ratio of 8.72, a PEG ratio of 2.76 and a beta of 0.64. Altria Group, Inc. has a fifty-two week low of $39.25 and a fifty-two week high of $58.03.

Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, January 30th. The company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.01. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. As a group, analysts forecast that Altria Group, Inc. will post 5.13 earnings per share for the current year.

Altria Group Announces Dividend

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 dividend on an annualized basis and a yield of 7.91%. Altria Group’s dividend payout ratio is presently 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.