Altria Group, Inc. (NYSE:MO) Shares Purchased by Wagner Wealth Management LLC

Wagner Wealth Management LLC boosted its stake in shares of Altria Group, Inc. (NYSE:MO) by 11.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,834 shares of the company’s stock after acquiring an additional 1,472 shares during the quarter. Wagner Wealth Management LLC’s holdings in Altria Group were worth $776,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Wealthstar Advisors LLC purchased a new position in shares of Altria Group during the 4th quarter worth approximately $603,000. Focused Wealth Management Inc raised its position in Altria Group by 11.4% in the fourth quarter. Focused Wealth Management Inc now owns 30,633 shares of the company’s stock worth $1,602,000 after acquiring an additional 3,126 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its holdings in Altria Group by 107.7% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 22,800 shares of the company’s stock valued at $1,192,000 after acquiring an additional 11,820 shares during the period. Quotient Wealth Partners LLC boosted its position in shares of Altria Group by 12.8% during the 4th quarter. Quotient Wealth Partners LLC now owns 5,529 shares of the company’s stock worth $289,000 after purchasing an additional 627 shares in the last quarter. Finally, Benedict Financial Advisors Inc. increased its holdings in shares of Altria Group by 0.3% in the 4th quarter. Benedict Financial Advisors Inc. now owns 221,339 shares of the company’s stock valued at $11,574,000 after purchasing an additional 699 shares in the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Wall Street Analyst Weigh In

MO has been the topic of a number of research analyst reports. Barclays boosted their price objective on shares of Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. StockNews.com upgraded Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft upped their target price on Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Stifel Nicolaus lifted their price target on Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Morgan Stanley lowered 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 research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $53.29.

Altria Group Price Performance

NYSE:MO opened at $52.65 on Monday. The firm has a market cap of $89.24 billion, a PE ratio of 8.04, a P/E/G ratio of 2.80 and a beta of 0.64. The firm has a 50 day simple moving average of $53.09 and a 200-day simple moving average of $52.47. Altria Group, Inc. has a 1-year low of $39.25 and a 1-year 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 (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%. As a group, sell-side analysts expect that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 26th were issued a $1.02 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $4.08 dividend on an annualized basis and a yield of 7.75%. Altria Group’s payout ratio is 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.