6,233 Shares in Altria Group, Inc. (NYSE:MO) Bought by Griffith & Werner Inc.

Griffith & Werner Inc. bought a new stake in Altria Group, Inc. (NYSE:MO - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,233 shares of the company's stock, valued at approximately $326,000.

Several other large investors have also recently bought and sold shares of MO. Michels Family Financial LLC bought a new position in shares of Altria Group during the fourth quarter worth about $983,000. Castlekeep Investment Advisors LLC bought a new position in shares of Altria Group during the fourth quarter worth about $1,726,000. Peak Retirement Planning Inc. bought a new position in shares of Altria Group during the fourth quarter worth about $818,000. Invst LLC raised its position in shares of Altria Group by 7.7% during the fourth quarter. Invst LLC now owns 4,599 shares of the company's stock worth $240,000 after acquiring an additional 327 shares during the last quarter. Finally, Pinney & Scofield Inc. bought a new position in shares of Altria Group during the fourth quarter worth about $33,000. 57.41% of the stock is currently owned by institutional investors.

Altria Group Stock Performance

Altria Group stock traded down $0.13 during mid-day trading on Tuesday, reaching $59.61. The stock had a trading volume of 5,214,028 shares, compared to its average volume of 9,339,005. Altria Group, Inc. has a fifty-two week low of $43.83 and a fifty-two week high of $61.26. The stock's 50-day simple moving average is $58.16 and its 200-day simple moving average is $55.75. The firm has a market capitalization of $100.41 billion, a PE ratio of 9.10, a price-to-earnings-growth ratio of 2.89 and a beta of 0.60.

Altria Group (NYSE:MO - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $1.23 earnings per share 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 company had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.64 billion. During the same quarter last year, the company earned $1.15 earnings per share. The company's revenue for the quarter was down 4.2% on a year-over-year basis. On average, research analysts forecast that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Monday, June 16th will be issued a $1.02 dividend. The ex-dividend date is Monday, June 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 6.84%. Altria Group's dividend payout ratio is presently 68.34%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MO. Morgan Stanley lowered their price objective on Altria Group from $54.00 to $53.00 and set an "equal weight" rating for the company in a research report on Friday, January 31st. Stifel Nicolaus raised their target price on Altria Group from $60.00 to $63.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Barclays raised their target price on Altria Group from $46.00 to $49.00 and gave the stock an "underweight" rating in a research note on Friday, May 2nd. Citigroup raised their target price on Altria Group from $52.00 to $55.00 and gave the stock a "neutral" rating in a research note on Friday, April 25th. Finally, Wall Street Zen cut Altria Group from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company has an average 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.