Monument Capital Management Makes New $325,000 Investment in Altria Group, Inc. (NYSE:MO)

Monument Capital Management acquired a new stake in Altria Group, Inc. (NYSE:MO - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,408 shares of the company's stock, valued at approximately $325,000.

Other hedge funds have also recently made changes to their positions in the company. Redwood Park Advisors LLC purchased a new position in Altria Group in the fourth quarter valued at about $26,000. VSM Wealth Advisory LLC bought a new stake in shares of Altria Group in the 4th quarter worth approximately $29,000. Inlight Wealth Management LLC bought a new position in Altria Group during the first quarter valued at $31,000. Promus Capital LLC purchased a new stake in Altria Group in the fourth quarter worth $33,000. Finally, Pinney & Scofield Inc. bought a new stake in shares of Altria Group in the fourth quarter valued at $33,000. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on MO. Deutsche Bank Aktiengesellschaft set a $60.00 price target on Altria Group in a research report on Tuesday, April 1st. Wall Street Zen lowered Altria Group from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. Barclays increased their price target on shares of Altria Group from $46.00 to $49.00 and gave the stock an "underweight" rating in a report on Friday, May 2nd. Stifel Nicolaus boosted their price objective on shares of Altria Group from $60.00 to $63.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Finally, UBS Group upgraded shares of Altria Group from a "sell" rating to a "neutral" rating and increased their target price for the stock from $47.00 to $59.00 in a research note on Wednesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $57.71.

Altria Group Trading Up 0.8%

MO traded up $0.45 on Thursday, hitting $59.62. 4,776,064 shares of the company's stock traded hands, compared to its average volume of 9,181,019. The company's 50 day simple moving average is $59.23 and its 200-day simple moving average is $56.36. Altria Group, Inc. has a one year low of $45.76 and a one year high of $61.26. The firm has a market cap of $100.43 billion, a price-to-earnings ratio of 9.99, a P/E/G ratio of 3.40 and a beta of 0.59.

Altria Group (NYSE:MO - Get Free Report) last issued its quarterly earnings data 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 295.44% and a net margin of 43.09%. The firm had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.64 billion. During the same quarter last year, the business posted $1.15 earnings per share. The business's quarterly revenue was down 4.2% compared to the same quarter last year. As a group, equities analysts anticipate that Altria Group, Inc. will post 5.32 EPS 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. Stockholders of record on Monday, June 16th will be paid a dividend of $1.02 per share. The ex-dividend date is Monday, June 16th. This represents a $4.08 annualized dividend and a dividend yield of 6.84%. Altria Group's dividend payout ratio is currently 68.34%.

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.