710 Shares in Altria Group, Inc. (NYSE:MO) Bought by Briaud Financial Planning Inc

Briaud Financial Planning Inc acquired a new position in Altria Group, Inc. (NYSE:MO) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 710 shares of the company’s stock, valued at approximately $37,000.

A number of other large investors have also recently bought and sold shares of the business. Financial Life Planners acquired a new position in Altria Group during the 4th quarter worth $25,000. True Wealth Design LLC lifted its position in Altria Group by 420.0% during the 3rd quarter. True Wealth Design LLC now owns 572 shares of the company’s stock worth $29,000 after acquiring an additional 462 shares during the last quarter. Legacy Investment Solutions LLC acquired a new position in Altria Group during the 3rd quarter worth $34,000. Marshall Investment Management LLC acquired a new position in Altria Group during the 4th quarter worth $32,000. Finally, Promus Capital LLC acquired a new position in Altria Group during the 4th quarter worth $33,000. 57.41% of the stock is currently owned by institutional investors.

Altria Group Stock Up 2.1 %

NYSE:MO opened at $58.98 on Tuesday. Altria Group, Inc. has a 12-month low of $40.65 and a 12-month high of $59.67. The firm has a market capitalization of $99.72 billion, a PE ratio of 9.00, a price-to-earnings-growth ratio of 2.89 and a beta of 0.56. The firm has a 50-day moving average price of $53.29 and a 200 day moving average price of $53.16.

Altria Group (NYSE:MO) last posted its quarterly 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%. On average, research analysts expect that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, March 25th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 6.92%. The ex-dividend date of this dividend is Tuesday, March 25th. Altria Group’s dividend payout ratio (DPR) is presently 62.29%.

Analyst Ratings Changes

A number of research analysts have recently commented on MO shares. Bank of America raised shares of Altria Group from a “neutral” rating to a “buy” rating and upped their price objective for the company from $55.00 to $65.00 in a research report on Friday, December 6th. Morgan Stanley cut their price objective on shares of 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 equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Altria Group has an average rating of “Hold” and an average price target of $53.29.

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.