CFC Planning Co LLC Purchases New Shares in Altria Group, Inc. (NYSE:MO)

CFC Planning Co LLC purchased a new stake in Altria Group, Inc. (NYSE:MO) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 39,239 shares of the company’s stock, valued at approximately $2,052,000. Altria Group makes up 2.2% of CFC Planning Co LLC’s portfolio, making the stock its 23rd largest holding.

Other large investors have also added to or reduced their stakes in the company. Financial Life Planners bought a new stake in shares of Altria Group during the 4th quarter valued at $25,000. True Wealth Design LLC boosted its holdings in shares of Altria Group by 420.0% during the 3rd quarter. True Wealth Design LLC now owns 572 shares of the company’s stock valued at $29,000 after buying an additional 462 shares in the last quarter. Legacy Investment Solutions LLC bought a new stake in shares of Altria Group during the 3rd quarter valued at $34,000. Peterson Financial Group Inc. bought a new stake in shares of Altria Group during the 3rd quarter valued at $41,000. Finally, Fairman Group LLC boosted its holdings in shares of Altria Group by 85.1% during the 3rd quarter. Fairman Group LLC now owns 892 shares of the company’s stock valued at $46,000 after buying an additional 410 shares in the last quarter. Institutional investors own 57.41% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MO. Morgan Stanley dropped their price target on shares of 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 upped their price target on shares of Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Barclays upped their price target on shares of Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Bank of America upgraded shares of Altria Group from a “neutral” rating to a “buy” rating and upped their price target for the stock from $55.00 to $65.00 in a research note on Friday, December 6th. Finally, StockNews.com upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $53.29.

Altria Group Stock Up 0.7 %

NYSE MO opened at $53.71 on Friday. Altria Group, Inc. has a 52 week low of $39.25 and a 52 week high of $58.03. The firm has a market capitalization of $91.04 billion, a P/E ratio of 8.20, a PEG ratio of 2.80 and a beta of 0.64. The company has a 50-day moving average price of $52.90 and a 200-day moving average price of $52.55.

Altria Group (NYSE:MO) last released its earnings results on Thursday, January 30th. The company reported $1.29 earnings per share (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 research analysts anticipate that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 26th were issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 7.60%. The ex-dividend date was Thursday, December 26th. Altria Group’s dividend payout ratio is 62.29%.

Altria Group Company 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.