Atlantic Edge Private Wealth Management LLC Has $57,000 Stock Holdings in Altria Group, Inc. (NYSE:MO)

Atlantic Edge Private Wealth Management LLC boosted its position in Altria Group, Inc. (NYSE:MO) by 38.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,083 shares of the company’s stock after buying an additional 300 shares during the quarter. Atlantic Edge Private Wealth Management LLC’s holdings in Altria Group were worth $57,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Financial Life Planners acquired a new position in shares of Altria Group during the 4th quarter worth approximately $25,000. True Wealth Design LLC increased its holdings in shares of Altria Group by 420.0% during the 3rd quarter. True Wealth Design LLC now owns 572 shares of the company’s stock worth $29,000 after acquiring an additional 462 shares during the last quarter. Legacy Investment Solutions LLC acquired a new position in shares of Altria Group during the 3rd quarter worth approximately $34,000. Peterson Financial Group Inc. acquired a new position in shares of Altria Group during the 3rd quarter worth approximately $41,000. Finally, Fairman Group LLC increased its holdings 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 acquiring an additional 410 shares during the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Stock Performance

Altria Group stock opened at $53.84 on Tuesday. Altria Group, Inc. has a 52 week low of $39.25 and a 52 week high of $58.03. The stock has a market capitalization of $91.24 billion, a P/E ratio of 8.22, a price-to-earnings-growth ratio of 2.80 and a beta of 0.64. The stock has a fifty day moving average of $53.09 and a 200-day moving average of $52.49.

Altria Group (NYSE:MO) last posted its quarterly earnings results on Thursday, January 30th. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.01. Altria Group had a negative return on equity of 258.72% and a net margin of 46.90%. On average, research analysts forecast 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 was paid on Friday, January 10th. Stockholders of record on Thursday, December 26th were issued a dividend of $1.02 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 7.58%. Altria Group’s dividend payout ratio (DPR) is currently 62.29%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MO shares. Morgan Stanley decreased their target price on Altria Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Barclays boosted their price target on Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. StockNews.com upgraded Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft boosted their price target on Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Stifel Nicolaus boosted their price target on Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $53.29.

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.