Sandhill Capital Partners LLC increased its position in shares of Altria Group Inc (NYSE:MO) by 6.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,973 shares of the company’s stock after buying an additional 434 shares during the period. Sandhill Capital Partners LLC’s holdings in Altria Group were worth $471,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Integrated Wealth Counsel LLC raised its position in Altria Group by 1,500.0% in the third quarter. Integrated Wealth Counsel LLC now owns 1,600 shares of the company’s stock worth $101,000 after buying an additional 1,500 shares during the last quarter. Timber Creek Capital Management LLC acquired a new stake in shares of Altria Group during the third quarter worth about $113,000. Isthmus Partners LLC increased its stake in shares of Altria Group by 37.8% in the third quarter. Isthmus Partners LLC now owns 1,822 shares of the company’s stock worth $114,000 after buying an additional 500 shares during the period. CLS Investments LLC increased its stake in Altria Group by 251.9% in the fourth quarter. CLS Investments LLC now owns 1,777 shares of the company’s stock worth $120,000 after buying an additional 1,272 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. increased its stake in Altria Group by 3.4% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,005 shares of the company’s stock worth $136,000 after buying an additional 65 shares during the last quarter. 60.77% of the stock is owned by institutional investors and hedge funds.
Altria Group Inc (NYSE:MO) traded up 0.08% during midday trading on Friday, hitting $71.47. The stock had a trading volume of 6,814,877 shares. The company has a market cap of $138.65 billion, a PE ratio of 9.82 and a beta of 0.61. The firm has a 50-day moving average of $73.57 and a 200-day moving average of $68.74. Altria Group Inc has a 12-month low of $60.19 and a 12-month high of $76.55.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 10th. Shareholders of record on Wednesday, March 15th were issued a $0.61 dividend. The ex-dividend date was Monday, March 13th. This represents a $2.44 dividend on an annualized basis and a yield of 3.41%. Altria Group’s dividend payout ratio is currently 33.47%.
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Several analysts have weighed in on the company. Zacks Investment Research downgraded Altria Group from a “hold” rating to a “sell” rating in a research report on Wednesday, December 28th. Bank of America Corp raised Altria Group from a “neutral” rating to a “buy” rating and boosted their target price for the company from $70.00 to $75.00 in a research note on Wednesday, January 4th. Vetr cut Altria Group from a “hold” rating to a “sell” rating and set a $67.75 target price on the stock. in a research note on Monday, January 23rd. Berenberg Bank cut Altria Group from a “buy” rating to a “hold” rating and set a $76.00 price target on the stock. in a research note on Friday, February 3rd. Finally, Argus increased their target price on Altria Group from $73.00 to $79.00 and gave the stock a “buy” rating in a research note on Friday, February 3rd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $71.71.
About Altria Group
Altria Group, Inc is a holding company. The Company’s segments include smokeable products, smokeless products and wine. The Company’s subsidiaries include Philip Morris USA Inc (PM USA), which is engaged in the manufacture and sale of cigarettes in the United States; John Middleton Co (Middleton), which is engaged in the manufacture and sale of machine-made cigars and pipe tobacco, and UST LLC (UST), which, through its subsidiaries, including U.S.
