550 Shares in Altria Group, Inc. (NYSE:MO) Acquired by VSM Wealth Advisory LLC

VSM Wealth Advisory LLC bought a new position in Altria Group, Inc. (NYSE:MO) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 550 shares of the company’s stock, valued at approximately $29,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in MO. Financial Life Planners acquired a new stake in shares of Altria Group during the fourth quarter valued at approximately $25,000. True Wealth Design LLC raised its holdings in shares of Altria Group by 420.0% during the third quarter. True Wealth Design LLC now owns 572 shares of the company’s stock valued at $29,000 after acquiring an additional 462 shares during the period. Legacy Investment Solutions LLC acquired a new stake in shares of Altria Group during the third quarter valued at approximately $34,000. Marshall Investment Management LLC acquired a new stake in shares of Altria Group during the fourth quarter valued at approximately $32,000. Finally, Promus Capital LLC acquired a new stake in shares of Altria Group during the fourth quarter valued at approximately $33,000. 57.41% of the stock is currently owned by institutional investors.

Altria Group Stock Performance

Altria Group stock opened at $58.09 on Friday. The firm has a market cap of $98.21 billion, a PE ratio of 8.87, a P/E/G ratio of 2.89 and a beta of 0.56. The firm’s 50 day moving average price is $54.29 and its two-hundred day moving average price is $53.45. Altria Group, Inc. has a twelve month low of $40.65 and a twelve month high of $59.67.

Altria Group (NYSE:MO) last posted its earnings results on Thursday, January 30th. The company reported $1.29 EPS for the quarter, topping 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%. Equities analysts anticipate that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.

Altria Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, March 25th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 7.02%. The ex-dividend date of this dividend is Tuesday, March 25th. Altria Group’s dividend payout ratio is 62.29%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley cut their price target on shares of Altria Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Bank of America upgraded shares of Altria Group from a “neutral” rating to a “buy” rating and boosted their price target for the company from $55.00 to $65.00 in a report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.