3,833 Shares in Altria Group, Inc. (NYSE:MO) Acquired by Keb Asset Management LLC

Keb Asset Management LLC bought a new stake in shares of Altria Group, Inc. (NYSE:MO) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,833 shares of the company’s stock, valued at approximately $200,000.

Other institutional investors also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. raised its position in shares of Altria Group by 6.3% during the 4th quarter. Daiwa Securities Group Inc. now owns 231,800 shares of the company’s stock worth $12,121,000 after buying an additional 13,715 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Altria Group by 27.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 811,748 shares of the company’s stock valued at $42,446,000 after acquiring an additional 175,973 shares during the period. Taika Capital LP bought a new stake in Altria Group during the fourth quarter worth approximately $745,000. Sound View Wealth Advisors Group LLC lifted its position in Altria Group by 0.7% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 74,058 shares of the company’s stock worth $3,872,000 after purchasing an additional 505 shares during the period. Finally, Enterprise Financial Services Corp boosted its stake in Altria Group by 4.0% during the 4th quarter. Enterprise Financial Services Corp now owns 5,052 shares of the company’s stock valued at $264,000 after purchasing an additional 194 shares in the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Stock Up 1.4 %

Shares of Altria Group stock opened at $57.79 on Monday. Altria Group, Inc. has a 12-month low of $40.65 and a 12-month high of $58.59. The firm has a market capitalization of $97.70 billion, a PE ratio of 8.82, a price-to-earnings-growth ratio of 2.89 and a beta of 0.56. The stock’s fifty day moving average is $53.15 and its 200-day moving average is $53.11.

Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, January 30th. The company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.01. Altria Group had a net margin of 46.90% and a negative return on equity of 258.72%. Analysts expect that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, March 25th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 7.06%. The ex-dividend date of this dividend is Tuesday, March 25th. Altria Group’s dividend payout ratio is 62.29%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. 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. Morgan Stanley dropped 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 report on Friday, January 31st. 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. Based on data from MarketBeat, the company presently has a consensus 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.