Altria Group, Inc. (NYSE:MO) Shares Bought by Long Run Wealth Advisors LLC

Long Run Wealth Advisors LLC grew its stake in Altria Group, Inc. (NYSE:MO) by 64.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,464 shares of the company’s stock after purchasing an additional 3,312 shares during the period. Long Run Wealth Advisors LLC’s holdings in Altria Group were worth $443,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Aviance Capital Partners LLC increased its holdings in shares of Altria Group by 0.5% in the 3rd quarter. Aviance Capital Partners LLC now owns 40,362 shares of the company’s stock valued at $2,060,000 after purchasing an additional 191 shares in the last quarter. Horst & Graben Wealth Management LLC increased its holdings in Altria Group by 1.5% in the fourth quarter. Horst & Graben Wealth Management LLC now owns 13,015 shares of the company’s stock valued at $681,000 after buying an additional 198 shares in the last quarter. Fragasso Financial Advisors Inc lifted its position in shares of Altria Group by 3.3% during the 4th quarter. Fragasso Financial Advisors Inc now owns 6,302 shares of the company’s stock valued at $330,000 after acquiring an additional 199 shares during the period. American Institute for Advanced Investment Management LLP boosted its stake in shares of Altria Group by 3.5% during the 3rd quarter. American Institute for Advanced Investment Management LLP now owns 5,860 shares of the company’s stock worth $299,000 after acquiring an additional 200 shares in the last quarter. Finally, Ridgecrest Wealth Partners LLC grew its holdings in shares of Altria Group by 3.5% in the 3rd quarter. Ridgecrest Wealth Partners LLC now owns 5,851 shares of the company’s stock worth $299,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 57.41% of the company’s stock.

Wall Street Analysts Forecast Growth

MO has been the topic of several recent research reports. Bank of America upgraded shares of Altria Group from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $55.00 to $65.00 in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft upped their target price on Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Barclays upped their price objective on Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Finally, Morgan Stanley dropped their price objective on Altria Group from $54.00 to $53.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Two investment 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. According to data from MarketBeat, Altria Group has an average rating of “Hold” and an average target price of $53.29.

Altria Group Trading Down 0.1 %

Altria Group stock opened at $52.58 on Thursday. The firm has a market capitalization of $89.11 billion, a P/E ratio of 8.03, a PEG ratio of 2.78 and a beta of 0.64. The stock has a fifty day moving average price of $53.39 and a 200 day moving average price of $52.42. Altria Group, Inc. has a 52 week low of $39.25 and a 52 week high of $58.03.

Altria Group (NYSE:MO) last issued its quarterly earnings results on Thursday, January 30th. The company reported $1.29 EPS for the quarter, topping 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%. As a group, equities analysts predict that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 26th were given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 7.76%. The ex-dividend date of this dividend was Thursday, December 26th. Altria Group’s dividend payout ratio (DPR) is presently 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.