4,105 Shares in Altria Group, Inc. (NYSE:MO) Purchased by Fiduciary Family Office LLC

Key Points

• Fiduciary Family Office LLC has acquired a new stake in Altria Group, buying 4,105 shares valued at approximately $246,000 during the first quarter.
• Altria Group's stock has recently seen mixed reviews from analysts, with a current average rating of "Hold" and varying price targets, ranging from $49 to $59.
• The company declared a quarterly dividend of $1.02 per share, reflecting a dividend yield of 6.4% and a payout ratio of 78.92%.

Fiduciary Family Office LLC acquired a new position in shares of Altria Group, Inc. (NYSE:MO - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,105 shares of the company's stock, valued at approximately $246,000.

Several other large investors also recently modified their holdings of the stock. Sierra Ocean LLC lifted its holdings in shares of Altria Group by 226.3% in the 1st quarter. Sierra Ocean LLC now owns 509 shares of the company's stock worth $31,000 after purchasing an additional 353 shares in the last quarter. Inlight Wealth Management LLC bought a new position in shares of Altria Group in the 1st quarter worth $31,000. Pinney & Scofield Inc. bought a new position in shares of Altria Group in the 4th quarter worth $33,000. TruNorth Capital Management LLC lifted its holdings in shares of Altria Group by 51.8% in the 1st quarter. TruNorth Capital Management LLC now owns 636 shares of the company's stock worth $38,000 after purchasing an additional 217 shares in the last quarter. Finally, Abound Financial LLC bought a new position in shares of Altria Group in the 1st quarter worth $40,000. Institutional investors and hedge funds own 57.41% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Citigroup increased their target price on Altria Group from $52.00 to $55.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. Stifel Nicolaus raised their price objective on Altria Group from $63.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Morgan Stanley raised their price objective on Altria Group from $57.00 to $62.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Barclays raised their price objective on Altria Group from $49.00 to $57.00 and gave the company an "underweight" rating in a research note on Wednesday, August 6th. Finally, Jefferies Financial Group started coverage on Altria Group in a research note on Wednesday, July 9th. They set an "underperform" rating and a $50.00 price objective on the stock. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $59.13.

Altria Group Price Performance

Shares of NYSE MO traded up $0.33 during mid-day trading on Tuesday, reaching $66.00. 8,847,619 shares of the company's stock were exchanged, compared to its average volume of 8,503,380. The firm has a market capitalization of $110.87 billion, a price-to-earnings ratio of 12.77, a price-to-earnings-growth ratio of 3.53 and a beta of 0.59. Altria Group, Inc. has a 52 week low of $48.86 and a 52 week high of $66.29. The firm has a 50-day moving average price of $59.93 and a two-hundred day moving average price of $58.03.

Altria Group (NYSE:MO - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $1.44 EPS for the quarter, topping analysts' consensus estimates of $1.37 by $0.07. The company had revenue of $5.29 billion for the quarter, compared to analysts' expectations of $5.21 billion. Altria Group had a negative return on equity of 295.26% and a net margin of 37.24%. The business's revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.31 EPS. As a group, sell-side analysts forecast that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.

Altria Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Monday, June 16th were issued a $1.02 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $4.08 annualized dividend and a yield of 6.2%. Altria Group's dividend payout ratio (DPR) is 78.92%.

About Altria Group

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.