Bank of Jackson Hole Trust Makes New $286,000 Investment in Altria Group, Inc. (NYSE:MO)

Bank of Jackson Hole Trust bought a new position in Altria Group, Inc. (NYSE:MO) in the fourth quarter, HoldingsChannel reports. The fund bought 5,477 shares of the company’s stock, valued at approximately $286,000.

A number of other institutional investors and hedge funds have also bought and sold shares of MO. Financial Life Planners acquired a new position in Altria Group in the 4th quarter worth about $25,000. True Wealth Design LLC increased its holdings in 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 purchasing an additional 462 shares in the last quarter. Legacy Investment Solutions LLC acquired a new position in Altria Group in the 3rd quarter worth about $34,000. Kestra Investment Management LLC bought a new stake in shares of Altria Group in the 4th quarter valued at about $40,000. Finally, Peterson Financial Group Inc. bought a new stake in shares of Altria Group in the 3rd quarter valued at about $41,000. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Price Performance

Shares of Altria Group stock opened at $52.70 on Wednesday. Altria Group, Inc. has a one year low of $39.25 and a one year high of $58.03. The stock’s 50-day moving average is $52.65 and its 200 day moving average is $52.65. The firm has a market cap of $89.31 billion, a price-to-earnings ratio of 8.05, a PEG ratio of 2.83 and a beta of 0.64.

Altria Group (NYSE:MO) last announced its earnings results on Thursday, January 30th. The company reported $1.29 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%. On average, sell-side analysts expect that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.

Altria Group Announces Dividend

The company also recently declared 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 7.74%. The ex-dividend date of this dividend was Thursday, December 26th. Altria Group’s dividend payout ratio (DPR) is currently 62.29%.

Analyst Ratings Changes

MO has been the topic of a number of analyst reports. Barclays upped their price target on Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. StockNews.com upgraded Altria Group from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Bank of America upgraded Altria Group from a “neutral” rating to a “buy” rating and upped their price target for the company from $55.00 to $65.00 in a research report on Friday, December 6th. 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 report on Friday, November 1st. Finally, Morgan Stanley reduced their price target on Altria Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $53.29.

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.