Fairvoy Private Wealth LLC Invests $376,000 in Altria Group, Inc. (NYSE:MO)

Fairvoy Private Wealth LLC bought a new stake in shares of Altria Group, Inc. (NYSE:MO) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,191 shares of the company’s stock, valued at approximately $376,000.

A number of other large investors have also recently added to or reduced their stakes in MO. Financial Life Planners acquired a new position in shares of Altria Group in the fourth quarter worth about $25,000. True Wealth Design LLC lifted its position in shares of 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 acquiring an additional 462 shares in the last quarter. Legacy Investment Solutions LLC acquired a new position in Altria Group in the 3rd quarter worth approximately $34,000. Peterson Financial Group Inc. purchased a new position in Altria Group during the 3rd quarter worth approximately $41,000. Finally, Fairman Group LLC grew its position 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. 57.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. 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. Morgan Stanley decreased their price objective on Altria Group from $54.00 to $53.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Barclays upped their target price on Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Bank of America upgraded shares of Altria Group from a “neutral” rating to a “buy” rating and raised their price target for the stock from $55.00 to $65.00 in a report on Friday, December 6th. Finally, StockNews.com upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Altria Group presently has an average rating of “Hold” and an average price target of $53.29.

Altria Group Stock Performance

NYSE:MO opened at $52.65 on Friday. The company has a market capitalization of $89.24 billion, a P/E ratio of 8.04, a P/E/G ratio of 2.78 and a beta of 0.64. The stock’s 50 day moving average price is $53.19 and its 200 day moving average price is $52.42. Altria Group, Inc. has a 52 week low of $39.25 and a 52 week high of $58.03.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, January 30th. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.28 by $0.01. Altria Group had a net margin of 46.90% and a negative return on equity of 258.72%. As a group, sell-side analysts forecast that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 26th were issued a dividend of $1.02 per share. The ex-dividend date was Thursday, December 26th. This represents a $4.08 annualized dividend and a yield of 7.75%. Altria Group’s dividend payout ratio (DPR) is currently 62.29%.

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.