Heritage Trust Co Buys Shares of 122,744 Altria Group, Inc. (NYSE:MO)
Heritage Trust Co acquired 122,744 shares of Altria Group, Inc. (NYSE:MO) valued at approximately $6.4 million in Q4, as per its 13F filing. Other institutional investors also adjusted their positions in Altria. The stock opened at $56.45, with a market cap of $95.44 billion and a P/E ratio of 8.62. Altria recently announced a quarterly dividend of $1.02 per share, yielding 7.23%. Analysts have mixed ratings on the stock, with an average price target of $54.00.
Heritage Trust Co purchased a new stake in shares of Altria Group, Inc. (NYSE:MO - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 122,744 shares of the company's stock, valued at approximately $6,418,000.
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Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Arete Wealth Advisors LLC purchased a new position in shares of Altria Group during the 3rd quarter worth $963,000. Toronto Dominion Bank raised its holdings in Altria Group by 30.5% in the 3rd quarter. Toronto Dominion Bank now owns 927,433 shares of the company's stock worth $47,336,000 after purchasing an additional 216,863 shares during the period. Fortem Financial Group LLC bought a new stake in Altria Group during the third quarter valued at about $207,000. TD Private Client Wealth LLC grew its holdings in Altria Group by 18.3% during the third quarter. TD Private Client Wealth LLC now owns 7,158 shares of the company's stock valued at $365,000 after purchasing an additional 1,108 shares during the period. Finally, Rehmann Capital Advisory Group increased its position in Altria Group by 1.9% in the third quarter. Rehmann Capital Advisory Group now owns 25,397 shares of the company's stock worth $1,296,000 after buying an additional 485 shares in the last quarter. Hedge funds and other institutional investors own 57.41% of the company's stock.
Altria Group Stock Up 0.2 %
Shares of MO stock opened at $56.45 on Friday. The stock has a market cap of $95.44 billion, a P/E ratio of 8.62, a PEG ratio of 2.89 and a beta of 0.54. The company's fifty day simple moving average is $56.14 and its two-hundred day simple moving average is $54.00. Altria Group, Inc. has a 52 week low of $40.65 and a 52 week high of $60.18.
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Altria Group (NYSE:MO - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The company reported $1.29 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%. On average, analysts anticipate that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.
Altria Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, March 25th will be given a dividend of $1.02 per share. The ex-dividend date is Tuesday, March 25th. This represents a $4.08 annualized dividend and a yield of 7.23%. Altria Group's dividend payout ratio (DPR) is currently 62.29%.
Wall Street Analyst Weigh In
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MO has been the subject of a number of recent research reports. Morgan Stanley cut their price objective on Altria Group from $54.00 to $53.00 and set an "equal weight" rating for the company in a research note on Friday, January 31st. UBS Group upped their price target on shares of Altria Group from $42.00 to $46.00 and gave the stock a "sell" rating in a research report on Tuesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft set a $60.00 price objective on shares of Altria Group in a research report on Tuesday, April 1st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $54.00.
Read Our Latest Stock Analysis on Altria Group
Altria Group Company Profile
(Free Report)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.
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