Impact Capital Partners LLC Acquires Shares of 9,614 Altria Group, Inc. (NYSE:MO)

Impact Capital Partners LLC acquired a new stake in Altria Group, Inc. (NYSE:MO) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 9,614 shares of the company’s stock, valued at approximately $503,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MO. GSA Capital Partners LLP boosted its holdings in shares of Altria Group by 28.0% in the third quarter. GSA Capital Partners LLP now owns 26,123 shares of the company’s stock valued at $1,333,000 after acquiring an additional 5,719 shares in the last quarter. Savvy Advisors Inc. acquired a new stake in Altria Group in the third quarter valued at about $267,000. Prime Capital Investment Advisors LLC lifted its position in Altria Group by 3.2% in the third quarter. Prime Capital Investment Advisors LLC now owns 32,444 shares of the company’s stock valued at $1,656,000 after purchasing an additional 1,003 shares during the period. Haverford Trust Co lifted its position in Altria Group by 15.1% in the third quarter. Haverford Trust Co now owns 58,447 shares of the company’s stock valued at $2,983,000 after purchasing an additional 7,677 shares during the period. Finally, Oppenheimer & Co. Inc. lifted its position in Altria Group by 6.3% in the third quarter. Oppenheimer & Co. Inc. now owns 209,516 shares of the company’s stock valued at $10,694,000 after purchasing an additional 12,496 shares during the period. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Analyst Ratings Changes

MO has been the subject of a number of recent analyst reports. Bank of America upgraded shares of Altria Group from a “neutral” rating to a “buy” rating and raised their price objective for the company from $55.00 to $65.00 in a research report on Friday, December 6th. Morgan Stanley reduced their price objective on shares of Altria Group from $54.00 to $53.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $53.29.

Altria Group Trading Up 1.2 %

Shares of Altria Group stock opened at $58.50 on Friday. Altria Group, Inc. has a 12-month low of $40.65 and a 12-month high of $59.67. The stock has a market cap of $98.90 billion, a PE ratio of 8.93, a price-to-earnings-growth ratio of 2.89 and a beta of 0.56. The company has a 50-day moving average of $53.64 and a two-hundred day moving average of $53.27.

Altria Group (NYSE:MO) last issued its earnings results on Thursday, January 30th. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, sell-side analysts forecast that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.

Altria Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, March 25th will be given a $1.02 dividend. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $4.08 annualized dividend and a dividend yield of 6.97%. Altria Group’s dividend payout ratio is presently 62.29%.

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.