Campbell Deegan Wealth Management LLC Purchases Shares of 6,462 Altria Group, Inc. (NYSE:MO)

Campbell Deegan Wealth Management LLC purchased a new stake in shares of Altria Group, Inc. (NYSE:MO - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 6,462 shares of the company's stock, valued at approximately $338,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Life Planners bought a new stake in shares of Altria Group during the fourth quarter worth about $25,000. Redwood Park Advisors LLC bought a new stake in Altria Group during the 4th quarter worth approximately $26,000. VSM Wealth Advisory LLC acquired a new position in Altria Group in the 4th quarter valued at approximately $29,000. Marshall Investment Management LLC bought a new position in shares of Altria Group during the fourth quarter valued at $32,000. Finally, Promus Capital LLC bought a new position in shares of Altria Group during the fourth quarter valued at $33,000. 57.41% of the stock is owned by institutional investors.

Altria Group Trading Up 1.5%

MO stock traded up $0.91 during mid-day trading on Friday, reaching $60.39. The company's stock had a trading volume of 12,764,506 shares, compared to its average volume of 8,669,007. The company has a market cap of $101.72 billion, a price-to-earnings ratio of 9.22, a price-to-earnings-growth ratio of 2.89 and a beta of 0.60. Altria Group, Inc. has a 12 month low of $43.83 and a 12 month high of $61.26. The business's 50 day moving average price is $58.27 and its 200 day moving average price is $55.84.

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

Altria Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors 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 yield of 6.76%. The ex-dividend date is Monday, June 16th. Altria Group's dividend payout ratio (DPR) is currently 68.34%.

Analyst Upgrades and Downgrades

MO has been the subject of a number of recent research reports. Barclays increased their price objective on Altria Group from $46.00 to $49.00 and gave the company an "underweight" rating in a report on Friday, May 2nd. Morgan Stanley decreased their price target 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. Citigroup raised their price objective on Altria Group from $52.00 to $55.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. Deutsche Bank Aktiengesellschaft set a $60.00 target price on Altria Group in a report on Tuesday, April 1st. Finally, Wall Street Zen downgraded shares of 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 assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $56.00.

Altria Group Company 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.