Compass Capital Corp MA ADV purchased a new stake in Altria Group, Inc. (NYSE:MO – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,233 shares of the company’s stock, valued at approximately $417,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Darwin Wealth Management LLC bought a new stake in Altria Group during the 2nd quarter worth approximately $27,000. Navalign LLC purchased a new position in Altria Group in the 4th quarter worth approximately $28,000. EMC Capital Management purchased a new position in Altria Group in the 3rd quarter worth approximately $33,000. Creative Capital Management Investments LLC purchased a new position in Altria Group in the 4th quarter worth approximately $29,000. Finally, Hughes Financial Services LLC grew its stake in Altria Group by 62.9% in the 4th quarter. Hughes Financial Services LLC now owns 510 shares of the company’s stock worth $29,000 after buying an additional 197 shares in the last quarter. Institutional investors own 57.41% of the company’s stock.
Altria Group Trading Down 2.3%
Shares of NYSE MO opened at $71.46 on Friday. Altria Group, Inc. has a 12 month low of $54.70 and a 12 month high of $74.56. The firm has a market capitalization of $119.33 billion, a PE ratio of 14.95, a price-to-earnings-growth ratio of 2.74 and a beta of 0.46. The firm has a fifty day simple moving average of $69.27 and a two-hundred day simple moving average of $64.87.
Altria Group Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 15th will be paid a $1.06 dividend. This represents a $4.24 annualized dividend and a dividend yield of 5.9%. The ex-dividend date is Monday, June 15th. Altria Group’s dividend payout ratio (DPR) is presently 88.70%.
Analysts Set New Price Targets
A number of equities analysts have commented on the stock. Stifel Nicolaus boosted their price target on shares of Altria Group from $68.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. The Goldman Sachs Group reaffirmed a “buy” rating and set a $77.00 target price on shares of Altria Group in a report on Thursday, April 30th. UBS Group increased their target price on shares of Altria Group from $74.00 to $76.00 and gave the company a “buy” rating in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft increased their target price on shares of Altria Group from $60.00 to $66.00 and gave the company a “hold” rating in a report on Monday, May 4th. Finally, Morgan Stanley set a $71.00 price target on shares of Altria Group in a research report on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $70.44.
Get Our Latest Stock Report on Altria Group
Insider Activity
In related news, Director Ellen R. Strahlman sold 2,000 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $72.56, for a total value of $145,120.00. Following the completion of the transaction, the director directly owned 25,102 shares in the company, valued at $1,821,401.12. This trade represents a 7.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ennis Debra J. Kelly sold 5,790 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $72.25, for a total transaction of $418,327.50. Following the completion of the transaction, the director owned 73,809 shares of the company’s stock, valued at approximately $5,332,700.25. The trade was a 7.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.10% of the stock is owned by company insiders.
Altria Group 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.
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