4,000 Shares in Altria Group, Inc. (NYSE:MO) Purchased by Intrepid Capital Management Inc.

Intrepid Capital Management Inc. purchased a new stake in Altria Group, Inc. (NYSE:MO) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,000 shares of the company’s stock, valued at approximately $209,000.

Several other large investors have also recently added to or reduced their stakes in the company. Financial Life Planners bought a new stake in shares of Altria Group during the fourth quarter valued at approximately $25,000. True Wealth Design LLC boosted its stake 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 buying an additional 462 shares in the last quarter. VSM Wealth Advisory LLC bought a new stake in Altria Group in the 4th quarter valued at $29,000. Marshall Investment Management LLC acquired a new position in shares of Altria Group in the 4th quarter valued at $32,000. Finally, Promus Capital LLC bought a new position in shares of Altria Group during the 4th quarter worth about $33,000. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Stock Performance

Shares of MO opened at $58.96 on Wednesday. The company has a market cap of $99.68 billion, a price-to-earnings ratio of 9.00, a PEG ratio of 2.89 and a beta of 0.56. The stock has a fifty day moving average price of $55.38 and a two-hundred day moving average price of $53.69. Altria Group, Inc. has a 52-week low of $40.65 and a 52-week high of $60.18.

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 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%. As a group, research analysts predict that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.

Altria Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, March 25th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $4.08 annualized dividend and a dividend yield of 6.92%. 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. UBS Group upped their target price on shares of Altria Group from $42.00 to $46.00 and gave the company a “sell” rating in a research note on Tuesday. Morgan Stanley lowered their price objective 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. Deutsche Bank Aktiengesellschaft lowered Altria Group from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Bank of America upgraded Altria Group from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $55.00 to $65.00 in a research note on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, Altria Group presently has an average rating of “Hold” and a consensus target price of $54.00.

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.