Altria Group, Inc. (NYSE:MO) Shares Acquired by Marcum Wealth LLC

Marcum Wealth LLC grew its stake in Altria Group, Inc. (NYSE:MO) by 7.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 60,763 shares of the company’s stock after buying an additional 3,969 shares during the quarter. Marcum Wealth LLC’s holdings in Altria Group were worth $3,177,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of MO. True Wealth Design LLC raised its position 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 purchasing an additional 462 shares during the last quarter. Legacy Investment Solutions LLC purchased a new stake in Altria Group during the 3rd quarter worth approximately $34,000. Peterson Financial Group Inc. purchased a new position in shares of Altria Group in the third quarter valued at approximately $41,000. Fairman Group LLC lifted its position in shares of Altria Group by 85.1% in the third quarter. Fairman Group LLC now owns 892 shares of the company’s stock valued at $46,000 after acquiring an additional 410 shares in the last quarter. Finally, Legend Financial Advisors Inc. acquired a new stake in shares of Altria Group in the fourth quarter worth approximately $52,000. 57.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Bank of America upgraded Altria Group from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $55.00 to $65.00 in a report on Friday, December 6th. Citigroup increased their price target on Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Finally, Barclays raised their target price on Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Altria Group has a consensus rating of “Hold” and a consensus price target of $53.33.

Altria Group Trading Down 0.1 %

Shares of MO opened at $50.84 on Tuesday. The company’s 50-day moving average price is $54.50 and its 200 day moving average price is $51.88. Altria Group, Inc. has a 12-month low of $39.25 and a 12-month high of $58.03. The firm has a market cap of $86.16 billion, a P/E ratio of 8.59, a price-to-earnings-growth ratio of 3.03 and a beta of 0.64.

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

Altria Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 26th were issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 8.03%. The ex-dividend date of this dividend was Thursday, December 26th. Altria Group’s dividend payout ratio (DPR) is currently 68.92%.

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.