CFO4Life Group LLC bought a new stake in shares of Altria Group Inc (NYSE:MO) during the third quarter, HoldingsChannel reports. The fund bought 5,967 shares of the company’s stock, valued at approximately $378,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Solaris Asset Management LLC grew its stake in Altria Group by 65.7% in the second quarter. Solaris Asset Management LLC now owns 1,405 shares of the company’s stock worth $105,000 after purchasing an additional 557 shares in the last quarter. CKW Financial Group bought a new position in Altria Group in the second quarter worth approximately $109,000. NewSquare Capital LLC grew its stake in Altria Group by 4,734.7% in the third quarter. NewSquare Capital LLC now owns 108,780 shares of the company’s stock worth $109,000 after purchasing an additional 106,530 shares in the last quarter. Balentine LLC grew its stake in Altria Group by 32.4% in the second quarter. Balentine LLC now owns 1,460 shares of the company’s stock worth $109,000 after purchasing an additional 357 shares in the last quarter. Finally, Northwest Investment Counselors LLC grew its stake in Altria Group by 557.0% in the third quarter. Northwest Investment Counselors LLC now owns 1,820 shares of the company’s stock worth $115,000 after purchasing an additional 1,543 shares in the last quarter. 62.64% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Altria Group Inc (NYSE MO) opened at $71.12 on Monday. The company has a current ratio of 0.77, a quick ratio of 0.48 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $135,710.00, a price-to-earnings ratio of 8.89, a price-to-earnings-growth ratio of 2.60 and a beta of 0.62. Altria Group Inc has a twelve month low of $60.01 and a twelve month high of $77.79.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Thursday, December 21st were issued a dividend of $0.66 per share. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $2.64 annualized dividend and a dividend yield of 3.71%. Altria Group’s dividend payout ratio is presently 33.00%.
Several research analysts recently issued reports on the company. Berenberg Bank raised Altria Group from a “hold” rating to a “buy” rating and increased their price objective for the stock from $60.01 to $71.00 in a research note on Tuesday, December 19th. Vetr cut Altria Group from a “hold” rating to a “sell” rating and set a $67.97 price objective on the stock. in a research note on Monday, December 11th. Zacks Investment Research lowered Altria Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Wells Fargo & Co upped their target price on Altria Group from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, January 4th. Finally, Jefferies Group upgraded Altria Group from a “hold” rating to a “buy” rating and lowered their target price for the stock from $70.04 to $70.00 in a report on Friday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. Altria Group currently has a consensus rating of “Hold” and an average price target of $72.63.
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Altria Group Profile
Altria Group, Inc is a holding company. The Company’s segments include smokeable products, smokeless products and wine. The Company’s subsidiaries include Philip Morris USA Inc (PM USA), which is engaged in the manufacture and sale of cigarettes in the United States; John Middleton Co (Middleton), which is engaged in the manufacture and sale of machine-made cigars and pipe tobacco, and UST LLC (UST), which, through its subsidiaries, including U.S.
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