Centennial Wealth Advisory LLC Acquires 1,066 Shares of Altria Group, Inc. (NYSE:MO)

Centennial Wealth Advisory LLC grew its holdings in Altria Group, Inc. (NYSE:MO) by 6.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 17,508 shares of the company’s stock after acquiring an additional 1,066 shares during the period. Centennial Wealth Advisory LLC’s holdings in Altria Group were worth $915,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MO. Financial Life Planners acquired a new position in Altria Group during the 4th quarter worth about $25,000. True Wealth Design LLC lifted its position in shares of Altria Group by 420.0% during the third quarter. True Wealth Design LLC now owns 572 shares of the company’s stock worth $29,000 after purchasing an additional 462 shares in the last quarter. Legacy Investment Solutions LLC bought a new stake in shares of Altria Group during the third quarter valued at approximately $34,000. Peterson Financial Group Inc. acquired a new stake in shares of Altria Group in the third quarter valued at approximately $41,000. Finally, Fairman Group LLC raised its position in Altria Group by 85.1% in the 3rd quarter. Fairman Group LLC now owns 892 shares of the company’s stock worth $46,000 after purchasing an additional 410 shares during the last quarter. 57.41% of the stock is owned by institutional investors.

Altria Group Stock Down 0.1 %

NYSE:MO opened at $52.58 on Thursday. The firm has a market capitalization of $89.11 billion, a PE ratio of 8.03, a price-to-earnings-growth ratio of 2.78 and a beta of 0.64. Altria Group, Inc. has a twelve month low of $39.25 and a twelve month high of $58.03. The stock’s 50-day simple moving average is $53.39 and its 200 day simple moving average is $52.42.

Altria Group (NYSE:MO) last released its quarterly earnings results on Thursday, January 30th. The company reported $1.29 earnings per share for the quarter, topping 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 anticipate that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.

Altria Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 26th were paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 7.76%. The ex-dividend date of this dividend was Thursday, December 26th. Altria Group’s dividend payout ratio is presently 62.29%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MO. Deutsche Bank Aktiengesellschaft upped 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. Bank of America upgraded shares of Altria Group from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $55.00 to $65.00 in a research report on Friday, December 6th. Barclays lifted their price objective on Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Morgan Stanley cut their target price 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. Finally, StockNews.com raised shares of Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average 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.