Capital Advisory Group Advisory Services LLC Buys 6,216 Shares of Altria Group, Inc. (NYSE:MO)

Capital Advisory Group Advisory Services LLC boosted its stake in Altria Group, Inc. (NYSE:MO) by 18.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,874 shares of the company’s stock after purchasing an additional 6,216 shares during the quarter. Capital Advisory Group Advisory Services LLC’s holdings in Altria Group were worth $2,085,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Financial Life Planners bought a new position in shares of Altria Group during the fourth quarter worth $25,000. True Wealth Design LLC raised its stake in Altria Group by 420.0% during the 3rd quarter. True Wealth Design LLC now owns 572 shares of the company’s stock worth $29,000 after buying an additional 462 shares during the period. Legacy Investment Solutions LLC bought a new position in Altria Group during the third quarter worth about $34,000. Kestra Investment Management LLC acquired a new position in Altria Group in the fourth quarter valued at about $40,000. Finally, Peterson Financial Group Inc. bought a new stake in shares of Altria Group in the third quarter worth about $41,000. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Trading Up 1.8 %

Altria Group stock opened at $54.31 on Friday. Altria Group, Inc. has a 1-year low of $39.25 and a 1-year high of $58.03. The company has a fifty day simple moving average of $52.61 and a 200 day simple moving average of $52.66. The company has a market cap of $92.05 billion, a P/E ratio of 8.29, a price-to-earnings-growth ratio of 2.84 and a beta of 0.64.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Thursday, January 30th. The company reported $1.29 earnings per share for the quarter, beating 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%. On average, equities research analysts forecast that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 26th were paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 7.51%. The ex-dividend date of this dividend was Thursday, December 26th. Altria Group’s dividend payout ratio is currently 62.29%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MO. Bank of America upgraded Altria Group from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $55.00 to $65.00 in a report on Friday, December 6th. StockNews.com raised shares of Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Morgan Stanley cut their price objective 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, Stifel Nicolaus increased their target price on Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Altria Group currently has an average rating of “Hold” and an average target price of $53.29.

About Altria Group

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.