Yoffe Investment Management LLC Purchases Shares of 4,900 Altria Group, Inc. (NYSE:MO)

Yoffe Investment Management LLC acquired a new stake in Altria Group, Inc. (NYSE:MO - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,900 shares of the company's stock, valued at approximately $256,000.

Other institutional investors also recently added to or reduced their stakes in the company. Financial Life Planners purchased a new position in Altria Group in the fourth quarter valued at about $25,000. Redwood Park Advisors LLC acquired a new stake in shares of Altria Group in the 4th quarter worth approximately $26,000. VSM Wealth Advisory LLC purchased a new position in Altria Group in the 4th quarter valued at approximately $29,000. Marshall Investment Management LLC purchased a new position in Altria Group in the 4th quarter valued at approximately $32,000. Finally, Promus Capital LLC acquired a new position in Altria Group during the fourth quarter worth $33,000. Hedge funds and other institutional investors own 57.41% of the company's stock.

Altria Group Price Performance

MO traded down $0.03 during trading on Thursday, hitting $59.46. The company's stock had a trading volume of 2,354,862 shares, compared to its average volume of 8,632,489. Altria Group, Inc. has a twelve month low of $43.83 and a twelve month high of $61.26. The stock has a market cap of $100.15 billion, a PE ratio of 9.08, a PEG ratio of 2.89 and a beta of 0.60. The firm's 50 day moving average price is $58.23 and its 200-day moving average price is $55.80.

Altria Group (NYSE:MO - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $1.23 EPS for the quarter, beating analysts' consensus estimates of $1.19 by $0.04. Altria Group had a negative return on equity of 258.72% and a net margin of 46.90%. The business had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.64 billion. During the same quarter in the previous year, the business earned $1.15 earnings per share. The business's revenue for the quarter was down 4.2% on a year-over-year basis. Equities analysts anticipate that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Monday, June 16th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 6.86%. The ex-dividend date of this dividend is Monday, June 16th. Altria Group's dividend payout ratio is currently 68.34%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MO. UBS Group lifted their price target on Altria Group from $46.00 to $47.00 and gave the stock a "sell" rating in a research note on Wednesday, April 30th. Morgan Stanley dropped 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 note on Friday, January 31st. Stifel Nicolaus upped their target price on Altria Group from $60.00 to $63.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft set a $60.00 price target on Altria Group in a research report on Tuesday, April 1st. Finally, Wall Street Zen downgraded Altria Group from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $56.00.

Altria Group Profile

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.