Serenus Wealth Advisors LLC Purchases Shares of 11,722 Altria Group, Inc. (NYSE:MO)

Serenus Wealth Advisors LLC bought a new position in shares of Altria Group, Inc. (NYSE:MO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,722 shares of the company’s stock, valued at approximately $613,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Financial Life Planners acquired a new position in shares of Altria Group during the fourth quarter valued at $25,000. True Wealth Design LLC lifted its position in Altria Group by 420.0% during the 3rd quarter. True Wealth Design LLC now owns 572 shares of the company’s stock valued at $29,000 after purchasing an additional 462 shares during the period. Legacy Investment Solutions LLC bought a new position in shares of Altria Group in the 3rd quarter valued at about $34,000. Peterson Financial Group Inc. bought a new position in shares of Altria Group in the 3rd quarter valued at about $41,000. Finally, Fairman Group LLC grew its position in shares of 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 buying an additional 410 shares during the period. Institutional investors own 57.41% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Bank of America raised shares of 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 note on Friday, December 6th. Deutsche Bank Aktiengesellschaft raised their price target on Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Barclays upped their price objective on Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Stifel Nicolaus increased their target price on Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Morgan Stanley decreased their target price 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. Two investment 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. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $53.29.

Altria Group Trading Up 0.0 %

NYSE:MO opened at $52.65 on Friday. Altria Group, Inc. has a 1 year low of $39.25 and a 1 year high of $58.03. The stock has a 50-day moving average price of $53.19 and a two-hundred day moving average price of $52.42. The stock has a market cap of $89.24 billion, a price-to-earnings ratio of 8.04, a PEG ratio of 2.80 and a beta of 0.64.

Altria Group (NYSE:MO) last issued its quarterly earnings data 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%. Sell-side analysts forecast that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Dividend Announcement

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