Griffith & Werner Inc. Purchases Shares of 6,233 Altria Group, Inc. (NYSE:MO)

Griffith & Werner Inc. bought a new stake in Altria Group, Inc. (NYSE:MO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 6,233 shares of the company's stock, valued at approximately $326,000.

Other hedge funds also recently modified their holdings of the company. Csenge Advisory Group increased its holdings in shares of Altria Group by 29.1% in the fourth quarter. Csenge Advisory Group now owns 54,684 shares of the company's stock worth $2,859,000 after acquiring an additional 12,320 shares in the last quarter. Truist Financial Corp boosted its stake in shares of Altria Group by 27.6% during the 4th quarter. Truist Financial Corp now owns 2,418,074 shares of the company's stock worth $126,441,000 after acquiring an additional 523,146 shares during the period. Burford Brothers Inc. lifted its holdings in Altria Group by 40.3% during the 4th quarter. Burford Brothers Inc. now owns 36,951 shares of the company's stock worth $1,932,000 after purchasing an additional 10,605 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in Altria Group by 1.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,414,856 shares of the company's stock worth $178,563,000 after buying an additional 39,341 shares during the period. Finally, Impact Partnership Wealth LLC acquired a new stake in shares of Altria Group during the fourth quarter worth $920,000. Institutional investors and hedge funds own 57.41% of the company's stock.

Altria Group Stock Down 0.1%

MO stock traded down $0.03 during trading on Wednesday, reaching $59.59. The stock had a trading volume of 1,758,111 shares, compared to its average volume of 8,641,186. The company has a market capitalization of $100.37 billion, a price-to-earnings ratio of 9.10, a P/E/G ratio of 2.89 and a beta of 0.60. The company's 50 day moving average is $58.19 and its two-hundred day moving average is $55.77. Altria Group, Inc. has a one year low of $43.83 and a one year high of $61.26.

Altria Group (NYSE:MO - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.23 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $4.64 billion. During the same quarter in the prior year, the company earned $1.15 EPS. The firm's quarterly revenue was down 4.2% compared to the same quarter last year. As a group, research analysts predict that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Monday, June 16th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $4.08 dividend on an annualized basis and a yield of 6.85%. Altria Group's payout ratio is 68.34%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Wall Street Zen cut shares of Altria Group from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. Stifel Nicolaus lifted their price target on shares of Altria Group from $60.00 to $63.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Barclays lifted their price target on Altria Group from $46.00 to $49.00 and gave the company an "underweight" rating in a research note on Friday, May 2nd. Morgan Stanley cut their target price on Altria Group from $54.00 to $53.00 and set an "equal weight" rating on the stock in a report on Friday, January 31st. Finally, Citigroup increased their price target on Altria Group from $52.00 to $55.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. Two equities research 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. Based on data from MarketBeat, the company currently 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.