Roxbury Financial LLC Invests $323,000 in Altria Group, Inc. (NYSE:MO)

Roxbury Financial LLC purchased a new position in Altria Group, Inc. (NYSE:MO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,600 shares of the company’s stock, valued at approximately $323,000.

Other institutional investors have also recently made changes to their positions in the company. Financial Life Planners bought a new position in shares of Altria Group in the 4th quarter worth $25,000. True Wealth Design LLC increased its holdings in shares of Altria Group by 420.0% in the 3rd quarter. True Wealth Design LLC now owns 572 shares of the company’s stock worth $29,000 after buying an additional 462 shares during the last quarter. Legacy Investment Solutions LLC bought a new position in shares of Altria Group in the 3rd quarter worth $34,000. Peterson Financial Group Inc. bought a new position in shares of Altria Group in the 3rd quarter worth $41,000. Finally, Fairman Group LLC increased its holdings in shares of 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 buying an additional 410 shares during the last quarter. Institutional investors own 57.41% of the company’s stock.

Altria Group Stock Down 0.5 %

Shares of MO opened at $53.37 on Friday. The stock has a market capitalization of $90.44 billion, a P/E ratio of 8.15, a PEG ratio of 2.80 and a beta of 0.64. The firm has a fifty day simple moving average of $52.83 and a two-hundred day simple moving average of $52.55. Altria Group, Inc. has a twelve month low of $39.25 and a twelve month high of $58.03.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, January 30th. The company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.01. Altria Group had a net margin of 46.90% and a negative return on equity of 258.72%. Sell-side analysts expect that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.

Altria Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 26th were given a $1.02 dividend. The ex-dividend date was Thursday, December 26th. This represents a $4.08 annualized dividend and a dividend yield of 7.65%. Altria Group’s dividend payout ratio is 62.29%.

Wall Street Analyst Weigh In

MO has been the subject of a number of research reports. Bank of America raised shares of Altria Group from a “neutral” rating to a “buy” rating and upped their price objective for the company from $55.00 to $65.00 in a research note on Friday, December 6th. Morgan Stanley cut their price objective on shares of Altria Group from $54.00 to $53.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Barclays upped their price objective 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. Stifel Nicolaus upped their price objective on shares of Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $53.29.

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.