William Allan Corp Has $258,000 Stake in Altria Group, Inc. (NYSE:MO)

William Allan Corp lifted its position in shares of Altria Group, Inc. (NYSE:MO) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,940 shares of the company’s stock after buying an additional 204 shares during the period. William Allan Corp’s holdings in Altria Group were worth $258,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Financial Life Planners bought a new stake in Altria Group during the 4th quarter worth about $25,000. True Wealth Design LLC raised its holdings in 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 acquiring an additional 462 shares in the last quarter. Legacy Investment Solutions LLC acquired a new position in Altria Group during the third quarter valued at approximately $34,000. Peterson Financial Group Inc. bought a new position in Altria Group in the third quarter valued at approximately $41,000. Finally, Fairman Group LLC grew its stake in 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 purchasing an additional 410 shares in the last quarter. 57.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MO shares. Deutsche Bank Aktiengesellschaft increased their price objective on Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. StockNews.com upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Morgan Stanley lowered their price objective on shares of 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. Barclays raised their target price on shares of Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Finally, Stifel Nicolaus boosted their price target on Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Altria Group has a consensus rating of “Hold” and a consensus price target of $53.29.

Altria Group Stock Up 0.1 %

Shares of NYSE:MO opened at $52.66 on Friday. Altria Group, Inc. has a 12-month low of $39.25 and a 12-month high of $58.03. The business has a 50 day moving average of $53.29 and a 200-day moving average of $52.42. The stock has a market cap of $89.24 billion, a PE ratio of 8.04, a P/E/G ratio of 2.78 and a beta of 0.64.

Altria Group (NYSE:MO) last released its quarterly earnings results 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%. Equities research analysts expect that Altria Group, Inc. will post 5.32 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. Shareholders of record on Thursday, December 26th were paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 7.75%. The ex-dividend date was Thursday, December 26th. Altria Group’s dividend payout ratio (DPR) is 62.29%.

About Altria Group

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.