Altria Group, Inc. (NYSE:MO) Shares Acquired by Jackson Hole Capital Partners LLC

Jackson Hole Capital Partners LLC boosted its position in Altria Group, Inc. (NYSE:MO) by 5.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,139 shares of the company’s stock after purchasing an additional 556 shares during the quarter. Jackson Hole Capital Partners LLC’s holdings in Altria Group were worth $530,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. M&G PLC grew its holdings in Altria Group by 7.0% in the 3rd quarter. M&G PLC now owns 91,765 shares of the company’s stock valued at $4,680,000 after buying an additional 6,041 shares during the period. TFB Advisors LLC grew its holdings in Altria Group by 2.7% in the 3rd quarter. TFB Advisors LLC now owns 10,054 shares of the company’s stock valued at $513,000 after buying an additional 269 shares during the period. Leavell Investment Management Inc. grew its holdings in Altria Group by 2.0% in the 3rd quarter. Leavell Investment Management Inc. now owns 23,122 shares of the company’s stock valued at $1,204,000 after buying an additional 454 shares during the period. Beckerman Institutional LLC purchased a new stake in Altria Group in the 3rd quarter valued at about $247,000. Finally, CWA Asset Management Group LLC purchased a new stake in Altria Group in the 3rd quarter valued at about $11,660,000. Institutional investors and hedge funds own 57.41% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on MO. Bank of America upgraded Altria Group from a “neutral” rating to a “buy” rating and lifted their price target for the company from $55.00 to $65.00 in a report on Friday, December 6th. Morgan Stanley lowered their price target on Altria Group from $54.00 to $53.00 and set an “equal weight” rating for the company in a 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $53.29.

Altria Group Trading Up 1.4 %

MO stock opened at $57.79 on Friday. The firm has a market cap of $97.70 billion, a P/E ratio of 8.82, a P/E/G ratio of 2.89 and a beta of 0.56. The stock’s 50 day simple moving average is $53.15 and its 200 day simple moving average is $53.10. Altria Group, Inc. has a 12-month low of $40.65 and a 12-month high of $58.59.

Altria Group (NYSE:MO) last issued its quarterly earnings data on Thursday, January 30th. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates 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, research analysts forecast that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.

Altria Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, March 25th will be paid a dividend of $1.02 per share. The ex-dividend date is Tuesday, March 25th. This represents a $4.08 dividend on an annualized basis and a yield of 7.06%. Altria Group’s payout ratio is currently 62.29%.

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.