Curi Capital acquired a new stake in Altria Group, Inc. (NYSE:MO) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 1,005 shares of the company’s stock, valued at approximately $41,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in MO. Baron Silver Stevens Financial Advisors LLC acquired a new position in Altria Group in the fourth quarter worth $221,000. Valley Brook Capital Group bought a new position in shares of Altria Group in the 4th quarter worth about $60,000. Investment Management Associates Inc. ADV bought a new position in shares of Altria Group in the 4th quarter worth about $7,209,000. DekaBank Deutsche Girozentrale boosted its holdings in shares of Altria Group by 33.7% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 257,729 shares of the company’s stock valued at $10,570,000 after buying an additional 65,011 shares during the period. Finally, swisspartners Ltd. bought a new stake in shares of Altria Group during the 4th quarter valued at about $249,000. Hedge funds and other institutional investors own 62.18% of the company’s stock.
MO stock opened at $51.13 on Thursday. The company has a 50-day simple moving average of $47.87 and a 200 day simple moving average of $42.40. The company has a market capitalization of $95.03 billion, a P/E ratio of 142.03, a PEG ratio of 2.25 and a beta of 0.54. The company has a quick ratio of 0.55, a current ratio of 0.77 and a debt-to-equity ratio of 8.59. Altria Group, Inc. has a fifty-two week low of $35.02 and a fifty-two week high of $52.59.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 30th. Shareholders of record on Thursday, March 25th will be given a $0.86 dividend. The ex-dividend date of this dividend is Wednesday, March 24th. This represents a $3.44 dividend on an annualized basis and a yield of 6.73%. Altria Group’s dividend payout ratio (DPR) is 81.52%.
Altria Group announced that its board has approved a share buyback program on Thursday, January 28th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 2.6% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.
MO has been the subject of a number of research reports. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell restated a “neutral” rating and issued a $46.00 target price on shares of Altria Group in a research note on Monday, March 22nd. Jefferies Financial Group upgraded Altria Group from a “hold” rating to a “buy” rating and upped their price objective for the stock from $40.00 to $58.00 in a research note on Thursday, April 1st. Sanford C. Bernstein initiated coverage on Altria Group in a research note on Tuesday, January 19th. They issued an “outperform” rating and a $53.00 target price on the stock. UBS Group lowered shares of Altria Group from a “buy” rating to a “neutral” rating and set a $46.00 price target for the company. in a research report on Tuesday, March 16th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Altria Group from $52.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, March 19th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $49.90.
About Altria Group
Altria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, oral tobacco products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands, as well as provides on! oral nicotine pouches.
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