Triad Wealth Partners LLC Acquires New Holdings in Altria Group, Inc. (NYSE:MO)

Triad Wealth Partners LLC purchased a new stake in Altria Group, Inc. (NYSE:MO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,743 shares of the company’s stock, valued at approximately $300,000.

A number of other institutional investors also recently modified their holdings of MO. Financial Life Planners bought a new position in shares of Altria Group in the fourth quarter valued at approximately $25,000. True Wealth Design LLC increased its position in Altria Group by 420.0% during the third quarter. True Wealth Design LLC now owns 572 shares of the company’s stock worth $29,000 after acquiring an additional 462 shares during the period. Marshall Investment Management LLC bought a new position in Altria Group during the fourth quarter worth $32,000. Legacy Investment Solutions LLC bought a new position in Altria Group during the third quarter worth $34,000. Finally, Kestra Investment Management LLC bought a new position in Altria Group during the fourth quarter worth $40,000. Institutional investors own 57.41% of the company’s stock.

Altria Group Price Performance

MO opened at $55.95 on Thursday. Altria Group, Inc. has a fifty-two week low of $40.65 and a fifty-two week high of $58.59. The firm’s fifty day moving average price is $52.95 and its two-hundred day moving average price is $53.01. The company has a market capitalization of $94.60 billion, a P/E ratio of 8.54, a P/E/G ratio of 2.89 and a beta of 0.64.

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

Altria Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, March 25th will be issued a $1.02 dividend. The ex-dividend date is Tuesday, March 25th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 7.29%. Altria Group’s dividend payout ratio is 62.29%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on MO shares. Bank of America raised shares of Altria Group from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $55.00 to $65.00 in a research report on Friday, December 6th. Morgan Stanley dropped their target price on shares of 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, Barclays boosted their target price on shares of Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, Altria Group currently has a consensus rating of “Hold” and an average target price of $53.29.

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.