Cyndeo Wealth Partners LLC Buys 8,165 Shares of Altria Group, Inc. $MO

Cyndeo Wealth Partners LLC increased its position in Altria Group, Inc. (NYSE:MO) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 195,930 shares of the company’s stock after buying an additional 8,165 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Altria Group were worth $11,297,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Darwin Wealth Management LLC acquired a new stake in Altria Group in the second quarter valued at approximately $27,000. Country Trust Bank increased its holdings in shares of Altria Group by 400.0% during the second quarter. Country Trust Bank now owns 500 shares of the company’s stock valued at $29,000 after acquiring an additional 400 shares in the last quarter. EMC Capital Management acquired a new position in shares of Altria Group during the third quarter worth approximately $33,000. Gould Capital LLC bought a new position in shares of Altria Group in the 3rd quarter worth $39,000. Finally, WFA of San Diego LLC bought a new position in shares of Altria Group in the 2nd quarter worth $39,000. 57.41% of the stock is owned by institutional investors.

Altria Group Price Performance

Shares of MO stock opened at $64.46 on Friday. The firm has a 50-day moving average of $65.21 and a 200-day moving average of $62.57. The company has a market cap of $107.77 billion, a P/E ratio of 15.68, a P/E/G ratio of 2.75 and a beta of 0.45. Altria Group, Inc. has a one year low of $52.82 and a one year high of $70.51.

Altria Group (NYSE:MO) last released its quarterly earnings results on Thursday, January 29th. The company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.02). Altria Group had a negative return on equity of 287.61% and a net margin of 29.84%.Altria Group’s revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.30 EPS. As a group, research analysts expect that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Wednesday, March 25th will be given a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date of this dividend is Wednesday, March 25th. Altria Group’s dividend payout ratio (DPR) is presently 103.16%.

Analysts Set New Price Targets

A number of brokerages have commented on MO. Stifel Nicolaus decreased their price target on shares of Altria Group from $72.00 to $68.00 and set a “buy” rating for the company in a research note on Friday, January 30th. UBS Group lifted their price objective on shares of Altria Group from $67.00 to $74.00 and gave the company a “buy” rating in a report on Monday, March 9th. Argus raised shares of Altria Group to a “hold” rating in a research report on Tuesday, January 13th. Citigroup upped their target price on shares of Altria Group from $57.00 to $65.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. Finally, Barclays raised their price target on shares of Altria Group from $57.00 to $63.00 and gave the company an “underweight” rating in a research report on Monday, February 23rd. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $65.11.

Insider Buying and Selling

In other Altria Group news, SVP Charles N. Whitaker sold 27,908 shares of the business’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $67.57, for a total value of $1,885,743.56. Following the transaction, the senior vice president owned 180,869 shares of the company’s stock, valued at approximately $12,221,318.33. The trade was a 13.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.08% of the company’s stock.

Altria Group Company Profile

Altria Group, Inc (NYSE: MO) is a U.S.-based consumer goods company whose principal business is the manufacture and sale of tobacco products. Headquartered in Richmond, Virginia, the company’s operations are focused primarily on the U.S. market and include the production, marketing and distribution of cigarettes, smokeless tobacco and cigars. Its flagship cigarette franchise in the United States is sold through its operating subsidiaries and is among the most recognizable cigarette brands in the country.

Altria’s principal operating businesses include Philip Morris USA (cigarettes), U.S.