Fourth Dimension Wealth LLC Makes New Investment in Altria Group, Inc. (NYSE:MO)

Fourth Dimension Wealth LLC purchased a new position in shares of Altria Group, Inc. (NYSE:MO) in the fourth quarter, HoldingsChannel reports. The fund purchased 1,828 shares of the company’s stock, valued at approximately $96,000.

A number of other large investors have also recently bought and sold shares of the company. Diversify Wealth Management LLC acquired a new stake in shares of Altria Group in the 4th quarter valued at approximately $218,000. Wesbanco Bank Inc. lifted its holdings in Altria Group by 1.8% during the 4th quarter. Wesbanco Bank Inc. now owns 38,591 shares of the company’s stock valued at $2,018,000 after purchasing an additional 700 shares during the last quarter. Secure Asset Management LLC lifted its holdings in Altria Group by 13.3% during the 4th quarter. Secure Asset Management LLC now owns 11,012 shares of the company’s stock valued at $576,000 after purchasing an additional 1,292 shares during the last quarter. Brighton Jones LLC lifted its holdings in Altria Group by 64.7% during the 4th quarter. Brighton Jones LLC now owns 17,702 shares of the company’s stock valued at $926,000 after purchasing an additional 6,954 shares during the last quarter. Finally, Cornerstone Wealth Management LLC lifted its holdings in Altria Group by 10.4% during the 4th quarter. Cornerstone Wealth Management LLC now owns 52,344 shares of the company’s stock valued at $2,737,000 after purchasing an additional 4,932 shares during the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Price Performance

MO stock opened at $59.74 on Friday. The stock has a market capitalization of $100.63 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 2.89 and a beta of 0.60. The business’s fifty day moving average price is $58.13 and its two-hundred day moving average price is $55.68. Altria Group, Inc. has a fifty-two week low of $43.83 and a fifty-two week high of $61.26.

Altria Group (NYSE:MO) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.04. The firm had revenue of $4.52 billion for the quarter, compared to analysts’ expectations of $4.64 billion. Altria Group had a negative return on equity of 258.72% and a net margin of 46.90%. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.15 EPS. Research analysts expect that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Monday, June 16th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 6.83%. The ex-dividend date is Monday, June 16th. Altria Group’s payout ratio is 68.34%.

Analyst Ratings Changes

Several brokerages have issued reports on MO. UBS Group raised their price target on Altria Group from $46.00 to $47.00 and gave the company a “sell” rating in a report on Wednesday, April 30th. Stifel Nicolaus raised their price target on Altria Group from $60.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, April 30th. Barclays raised their price target on Altria Group from $46.00 to $49.00 and gave the company an “underweight” rating in a report on Friday, May 2nd. Wall Street Zen downgraded Altria Group from a “buy” rating to a “hold” rating in a report on Thursday, May 1st. Finally, Deutsche Bank Aktiengesellschaft set a $60.00 price target on Altria Group in a report on Tuesday, April 1st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Altria Group presently has an average rating of “Hold” and a consensus target price of $56.00.

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.