Altria Group, Inc. (NYSE:MO) Shares Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC raised its holdings in Altria Group, Inc. (NYSE:MO) by 57,156.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 186,655 shares of the company’s stock after purchasing an additional 186,329 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Altria Group were worth $9,760,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Fisher Asset Management LLC lifted its position in Altria Group by 24.9% in the third quarter. Fisher Asset Management LLC now owns 62,355 shares of the company’s stock valued at $3,183,000 after buying an additional 12,444 shares during the last quarter. Harvest Fund Management Co. Ltd raised its stake in shares of Altria Group by 1,035.7% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 2,578 shares of the company’s stock valued at $132,000 after acquiring an additional 2,351 shares during the period. Loomis Sayles & Co. L P lifted its holdings in shares of Altria Group by 71.0% in the 3rd quarter. Loomis Sayles & Co. L P now owns 16,641 shares of the company’s stock worth $849,000 after acquiring an additional 6,907 shares during the last quarter. Townsquare Capital LLC boosted its position in shares of Altria Group by 20.6% during the 3rd quarter. Townsquare Capital LLC now owns 74,589 shares of the company’s stock worth $3,807,000 after purchasing an additional 12,727 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Altria Group by 7.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 635,775 shares of the company’s stock worth $32,450,000 after purchasing an additional 45,407 shares during the period. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Trading Up 1.0 %

NYSE:MO opened at $58.32 on Friday. Altria Group, Inc. has a 12-month low of $40.65 and a 12-month high of $59.67. The firm has a market cap of $98.60 billion, a PE ratio of 8.90, a price-to-earnings-growth ratio of 2.89 and a beta of 0.56. The stock has a fifty day moving average price of $54.94 and a 200 day moving average price of $53.57.

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

Altria Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders 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 7.00%. Altria Group’s payout ratio is 62.29%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on MO shares. Bank of America raised Altria Group from a “neutral” rating to a “buy” rating and boosted their target price for the company from $55.00 to $65.00 in a research report on Friday, December 6th. Morgan Stanley cut their price objective on Altria Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Two 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 MarketBeat, Altria Group has a consensus rating of “Hold” and a consensus price target 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.