MADDEN SECURITIES Corp Buys 2,249 Shares of Altria Group, Inc. (NYSE:MO)

MADDEN SECURITIES Corp increased its stake in shares of Altria Group, Inc. (NYSE:MO) by 9.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 27,156 shares of the company’s stock after acquiring an additional 2,249 shares during the quarter. MADDEN SECURITIES Corp’s holdings in Altria Group were worth $1,420,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Financial Life Planners bought a new position in shares of Altria Group during the 4th quarter valued at about $25,000. True Wealth Design LLC lifted its position in shares of Altria Group by 420.0% in the third quarter. True Wealth Design LLC now owns 572 shares of the company’s stock worth $29,000 after buying an additional 462 shares in the last quarter. Legacy Investment Solutions LLC purchased a new stake in shares of Altria Group in the third quarter worth about $34,000. Peterson Financial Group Inc. bought a new position in Altria Group during the third quarter valued at approximately $41,000. Finally, Fairman Group LLC grew its holdings in Altria Group by 85.1% during the 3rd quarter. Fairman Group LLC now owns 892 shares of the company’s stock valued at $46,000 after buying an additional 410 shares in the last quarter. 57.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MO. Morgan Stanley decreased their price objective on Altria Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. StockNews.com upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Barclays increased 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. Finally, Bank of America raised Altria Group from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $55.00 to $65.00 in a research note on Friday, December 6th. Two 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.com, the company has an average rating of “Hold” and an average target price of $53.29.

Altria Group Price Performance

Shares of NYSE MO opened at $53.84 on Tuesday. Altria Group, Inc. has a 1 year low of $39.25 and a 1 year high of $58.03. The firm has a 50-day simple moving average of $53.09 and a two-hundred day simple moving average of $52.49. The company has a market cap of $91.24 billion, a P/E ratio of 8.22, a PEG ratio of 2.80 and a beta of 0.64.

Altria Group (NYSE:MO) last issued its quarterly earnings results on Thursday, January 30th. The company reported $1.29 earnings per share (EPS) 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%. As a group, equities research analysts expect that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 26th were issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 7.58%. The ex-dividend date was Thursday, December 26th. Altria Group’s payout ratio is presently 62.29%.

About Altria Group

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.