Joel Isaacson & Co. LLC Raises Stake in Altria Group, Inc. (NYSE:MO)

Joel Isaacson & Co. LLC increased its stake in Altria Group, Inc. (NYSE:MO) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,365 shares of the company’s stock after buying an additional 351 shares during the period. Joel Isaacson & Co. LLC’s holdings in Altria Group were worth $856,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Realta Investment Advisors raised its stake in shares of Altria Group by 15.7% during the fourth quarter. Realta Investment Advisors now owns 9,009 shares of the company’s stock valued at $479,000 after acquiring an additional 1,222 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Altria Group in the 4th quarter worth $291,000. Fairvoy Private Wealth LLC bought a new position in shares of Altria Group during the 4th quarter worth $376,000. William Allan Corp grew its position in shares of Altria Group by 4.3% during the 4th quarter. William Allan Corp now owns 4,940 shares of the company’s stock worth $258,000 after buying an additional 204 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Altria Group by 5.8% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 235,769 shares of the company’s stock valued at $12,328,000 after buying an additional 12,844 shares during the period. Institutional investors own 57.41% of the company’s stock.

Altria Group Trading Up 0.0 %

Shares of MO opened at $52.65 on Friday. The firm has a market cap of $89.24 billion, a PE ratio of 8.04, a P/E/G ratio of 2.78 and a beta of 0.64. Altria Group, Inc. has a 12 month low of $39.25 and a 12 month high of $58.03. The stock has a fifty day moving average price of $53.19 and a 200-day moving average price of $52.42.

Altria Group (NYSE:MO) last issued its quarterly earnings results on Thursday, January 30th. The company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.01. Altria Group had a negative return on equity of 258.72% and a net margin of 46.90%. As a group, research analysts forecast that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 26th were issued a $1.02 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 7.75%. Altria Group’s dividend payout ratio is currently 62.29%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on MO shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Stifel Nicolaus increased their price objective on shares of Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. StockNews.com raised shares of Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Morgan Stanley dropped their target price on Altria Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Finally, Bank of America raised Altria Group from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $55.00 to $65.00 in a research report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $53.29.

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.