11,078 Shares in Altria Group, Inc. (NYSE:MO) Purchased by DRW Securities LLC

DRW Securities LLC purchased a new stake in Altria Group, Inc. (NYSE:MO) during the 4th quarter, HoldingsChannel reports. The fund purchased 11,078 shares of the company’s stock, valued at approximately $578,000.

Other large investors have also recently modified their holdings of the company. Financial Life Planners purchased a new stake in Altria Group in the fourth quarter valued at approximately $25,000. VSM Wealth Advisory LLC bought a new position in shares of Altria Group in the 4th quarter worth $29,000. Marshall Investment Management LLC purchased a new stake in shares of Altria Group during the 4th quarter valued at $32,000. Promus Capital LLC bought a new stake in shares of Altria Group during the 4th quarter worth $33,000. Finally, CBIZ Investment Advisory Services LLC grew its position in Altria Group by 895.7% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 697 shares of the company’s stock worth $36,000 after acquiring an additional 627 shares in the last quarter. Institutional investors own 57.41% of the company’s stock.

Altria Group Price Performance

Shares of Altria Group stock opened at $56.40 on Thursday. The stock has a market capitalization of $95.35 billion, a P/E ratio of 8.61, a price-to-earnings-growth ratio of 2.89 and a beta of 0.54. Altria Group, Inc. has a one year low of $40.65 and a one year high of $60.18. The business’s 50 day simple moving average is $56.07 and its two-hundred day simple moving average is $53.96.

Altria Group (NYSE:MO) last posted its quarterly 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 46.90% and a negative return on equity of 258.72%. Sell-side analysts expect that Altria Group, Inc. will post 5.32 earnings per share 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. Investors of record on Tuesday, March 25th will be paid 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 7.23%. Altria Group’s payout ratio is presently 62.29%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Morgan Stanley dropped their price target on Altria Group from $54.00 to $53.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. UBS Group boosted their target price on Altria Group from $42.00 to $46.00 and gave the stock a “sell” rating in a research report on Tuesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft set a $60.00 price target on shares of Altria Group in a research report on Tuesday, April 1st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $54.00.

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.