Altria Group, Inc. (NYSE:MO) Shares Purchased by Evernest Financial Advisors LLC

Evernest Financial Advisors LLC grew its position in shares of Altria Group, Inc. (NYSE:MOFree Report) by 195.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,113 shares of the company’s stock after purchasing an additional 10,003 shares during the period. Evernest Financial Advisors LLC’s holdings in Altria Group were worth $790,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp raised its stake in shares of Altria Group by 5.6% in the third quarter. State Street Corp now owns 73,481,686 shares of the company’s stock valued at $3,821,831,000 after acquiring an additional 3,910,738 shares in the last quarter. Los Angeles Capital Management LLC increased its holdings in Altria Group by 729.8% during the 3rd quarter. Los Angeles Capital Management LLC now owns 1,969,262 shares of the company’s stock worth $100,511,000 after purchasing an additional 1,731,932 shares during the period. Assenagon Asset Management S.A. raised its position in Altria Group by 3,786.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,743,443 shares of the company’s stock valued at $88,985,000 after purchasing an additional 1,698,585 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Altria Group by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 40,803,759 shares of the company’s stock valued at $2,079,919,000 after buying an additional 1,003,605 shares during the period. Finally, National Pension Service grew its position in shares of Altria Group by 19.9% during the third quarter. National Pension Service now owns 4,034,414 shares of the company’s stock worth $205,916,000 after buying an additional 670,858 shares in the last quarter. 57.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MO has been the topic of several recent analyst reports. Morgan Stanley began coverage on Altria Group in a report on Thursday, January 16th. They issued an “equal weight” rating and a $54.00 target price on the stock. Citigroup raised their target price on Altria Group from $44.50 to $48.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Bank of America raised shares of Altria Group from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $55.00 to $65.00 in a report on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $53.43.

Read Our Latest Report on Altria Group

Altria Group Price Performance

MO stock opened at $51.59 on Friday. The company has a market cap of $87.44 billion, a price-to-earnings ratio of 8.72, a price-to-earnings-growth ratio of 2.76 and a beta of 0.64. The company has a fifty day moving average price of $53.75 and a 200 day moving average price of $52.29. Altria Group, Inc. has a 12 month low of $39.25 and a 12 month high of $58.03.

Altria Group (NYSE:MOGet Free Report) last announced its earnings results on Thursday, January 30th. The company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.01. Altria Group had a net margin of 42.82% and a negative return on equity of 233.80%. As a group, analysts anticipate that Altria Group, Inc. will post 5.13 earnings per share for the current year.

Altria Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 26th were issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 7.91%. The ex-dividend date was Thursday, December 26th. Altria Group’s payout ratio is currently 68.92%.

Altria Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Altria Group (NYSE:MO)

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