Maia Wealth LLC Takes Position in Altria Group, Inc. (NYSE:MO)

Maia Wealth LLC bought a new stake in Altria Group, Inc. (NYSE:MO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 12,003 shares of the company’s stock, valued at approximately $642,000.

Other institutional investors have also modified their holdings of the company. Financial Life Planners acquired a new position in shares of Altria Group in the fourth quarter valued at approximately $25,000. True Wealth Design LLC boosted its stake in shares of Altria Group by 420.0% in the third quarter. True Wealth Design LLC now owns 572 shares of the company’s stock valued at $29,000 after buying an additional 462 shares in the last quarter. Marshall Investment Management LLC purchased a new stake in shares of Altria Group in the fourth quarter valued at approximately $32,000. Legacy Investment Solutions LLC purchased a new stake in shares of Altria Group in the third quarter valued at approximately $34,000. Finally, Kestra Investment Management LLC purchased a new stake in shares of Altria Group in the fourth quarter valued at approximately $40,000. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Stock Performance

MO opened at $55.83 on Monday. The business’s fifty day moving average is $52.77 and its two-hundred day moving average is $52.91. The company has a market cap of $94.38 billion, a price-to-earnings ratio of 8.52, a PEG ratio of 2.89 and a beta of 0.64. Altria Group, Inc. has a one year low of $39.25 and a one year high of $58.03.

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%. On average, analysts predict that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.

Altria Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, March 25th will be given a $1.02 dividend. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $4.08 annualized dividend and a dividend yield of 7.31%. Altria Group’s dividend payout ratio is currently 62.29%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Barclays lifted 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. Bank of America upgraded Altria Group from a “neutral” rating to a “buy” rating and lifted their price target for the company from $55.00 to $65.00 in a research note on Friday, December 6th. StockNews.com upgraded Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Finally, Morgan Stanley decreased their price target on Altria Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price 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.