Tidal Investments LLC Has $11.17 Million Holdings in Altria Group, Inc. (NYSE:MO)

Tidal Investments LLC grew its holdings in Altria Group, Inc. (NYSE:MO) by 10.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 218,803 shares of the company’s stock after purchasing an additional 21,128 shares during the period. Tidal Investments LLC’s holdings in Altria Group were worth $11,168,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Wilmington Savings Fund Society FSB raised its holdings in shares of Altria Group by 48.8% in the third quarter. Wilmington Savings Fund Society FSB now owns 89,761 shares of the company’s stock valued at $4,581,000 after purchasing an additional 29,421 shares during the last quarter. World Investment Advisors LLC grew its stake in shares of Altria Group by 42.4% in the third quarter. World Investment Advisors LLC now owns 18,777 shares of the company’s stock valued at $958,000 after buying an additional 5,593 shares in the last quarter. Sanctuary Advisors LLC grew its stake in shares of Altria Group by 37.5% in the third quarter. Sanctuary Advisors LLC now owns 530,784 shares of the company’s stock valued at $27,091,000 after buying an additional 144,737 shares in the last quarter. Pine Valley Investments Ltd Liability Co grew its stake in shares of Altria Group by 2.4% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 69,674 shares of the company’s stock valued at $3,581,000 after buying an additional 1,629 shares in the last quarter. Finally, Stock Yards Bank & Trust Co. grew its stake in shares of Altria Group by 0.9% in the third quarter. Stock Yards Bank & Trust Co. now owns 82,445 shares of the company’s stock valued at $4,208,000 after buying an additional 730 shares in the last quarter. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on MO. UBS Group raised their target price on shares of Altria Group from $39.00 to $41.00 and gave the company a “sell” rating in a research note on Monday, September 9th. Citigroup raised their target price on shares of Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. 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. Finally, StockNews.com raised shares of Altria Group from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $53.33.

Altria Group Trading Up 0.6 %

Shares of NYSE MO opened at $55.01 on Friday. The stock has a 50-day moving average price of $53.51 and a two-hundred day moving average price of $50.74. Altria Group, Inc. has a 12 month low of $39.25 and a 12 month high of $58.03. The company has a market cap of $93.22 billion, a price-to-earnings ratio of 9.29, a PEG ratio of 3.02 and a beta of 0.63.

Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.03. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $5.33 billion. During the same quarter in the prior year, the firm posted $1.28 earnings per share. The firm’s revenue was up 18.6% compared to the same quarter last year. On average, sell-side analysts predict that Altria Group, Inc. will post 5.12 earnings per share for the current year.

Altria Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, December 26th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 7.42%. The ex-dividend date is Thursday, December 26th. Altria Group’s dividend payout ratio is currently 68.92%.

Altria Group Company 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.