Keystone Wealth Services LLC Buys 307 Shares of Altria Group, Inc. (NYSE:MO)

Keystone Wealth Services LLC increased its stake in shares of Altria Group, Inc. (NYSE:MO) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,142 shares of the company’s stock after acquiring an additional 307 shares during the period. Keystone Wealth Services LLC’s holdings in Altria Group were worth $635,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in MO. Financial Advocates Investment Management bought a new stake in shares of Altria Group in the third quarter worth $209,000. Gladstone Institutional Advisory LLC boosted its stake in shares of Altria Group by 9.6% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 11,421 shares of the company’s stock worth $583,000 after buying an additional 999 shares during the last quarter. Capital Advisors Inc. OK increased its position in shares of Altria Group by 2.6% in the third quarter. Capital Advisors Inc. OK now owns 16,948 shares of the company’s stock valued at $865,000 after acquiring an additional 431 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Altria Group by 39.8% during the third quarter. Farther Finance Advisors LLC now owns 38,958 shares of the company’s stock valued at $1,988,000 after purchasing an additional 11,101 shares during the last quarter. Finally, Chicago Partners Investment Group LLC increased its position in shares of Altria Group by 21.4% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 14,090 shares of the company’s stock worth $702,000 after purchasing an additional 2,485 shares during the last quarter. 57.41% of the stock is owned by institutional investors.

Altria Group Stock Up 1.4 %

Shares of NYSE:MO opened at $55.83 on Monday. The stock has a market cap of $94.38 billion, a PE ratio of 8.52, a P/E/G ratio of 2.89 and a beta of 0.64. Altria Group, Inc. has a 12-month low of $39.25 and a 12-month high of $58.03. The business has a 50 day moving average of $52.77 and a 200-day moving average of $52.91.

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

Altria Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, March 25th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 7.31%. The ex-dividend date is Tuesday, March 25th. Altria Group’s dividend payout ratio is 62.29%.

Analyst Ratings Changes

Several research firms recently weighed in on MO. Barclays raised their target price on shares of Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Morgan Stanley dropped their target price on shares of Altria Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. StockNews.com upgraded Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Finally, Bank of America raised Altria Group from a “neutral” rating to a “buy” rating and raised their price objective for the company from $55.00 to $65.00 in a research report on Friday, December 6th. Two research 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’s stock. According to data from MarketBeat, Altria Group has a consensus rating of “Hold” and a consensus target price of $53.29.

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.