3,879 Shares in Altria Group, Inc. (NYSE:MO) Purchased by Compass Capital Corp MA ADV

Compass Capital Corp MA ADV acquired a new stake in Altria Group, Inc. (NYSE:MO) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 3,879 shares of the company’s stock, valued at approximately $203,000.

Other hedge funds have also recently modified their holdings of the company. Aviance Capital Partners LLC increased its stake in shares of Altria Group by 0.5% in the third quarter. Aviance Capital Partners LLC now owns 40,362 shares of the company’s stock worth $2,060,000 after buying an additional 191 shares during the period. Horst & Graben Wealth Management LLC boosted its position in Altria Group by 1.5% during the 4th quarter. Horst & Graben Wealth Management LLC now owns 13,015 shares of the company’s stock valued at $681,000 after buying an additional 198 shares during the period. Fragasso Financial Advisors Inc grew its holdings in Altria Group by 3.3% in the 4th quarter. Fragasso Financial Advisors Inc now owns 6,302 shares of the company’s stock worth $330,000 after acquiring an additional 199 shares during the last quarter. Ridgecrest Wealth Partners LLC increased its position in shares of Altria Group by 3.5% in the third quarter. Ridgecrest Wealth Partners LLC now owns 5,851 shares of the company’s stock valued at $299,000 after acquiring an additional 200 shares during the period. Finally, First Citizens Financial Corp raised its stake in shares of Altria Group by 4.8% during the fourth quarter. First Citizens Financial Corp now owns 4,402 shares of the company’s stock valued at $230,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 57.41% of the company’s stock.

Altria Group Stock Up 1.2 %

Shares of MO stock opened at $55.01 on Friday. The stock has a market cap of $93.22 billion, a price-to-earnings ratio of 8.40, a PEG ratio of 2.84 and a beta of 0.64. The business’s fifty day moving average is $52.61 and its 200 day moving average is $52.70. Altria Group, Inc. has a twelve month low of $39.25 and a twelve month high of $58.03.

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

Altria Group Dividend Announcement

The firm also recently announced 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 was Thursday, December 26th. This represents a $4.08 annualized dividend and a dividend yield of 7.42%. Altria Group’s payout ratio is 62.29%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MO. Bank of America raised Altria Group from a “neutral” rating to a “buy” rating and raised their target price for the stock from $55.00 to $65.00 in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft lifted their price objective on Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. StockNews.com upgraded Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Barclays lifted their price target on shares of Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Finally, Morgan Stanley decreased their price objective on shares of Altria Group from $54.00 to $53.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $53.29.

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.