744 Shares in Altria Group, Inc. (NYSE:MO) Acquired by Menard Financial Group LLC

Menard Financial Group LLC acquired a new position in shares of Altria Group, Inc. (NYSE:MO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 744 shares of the company’s stock, valued at approximately $39,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Altria Group during the 4th quarter worth approximately $51,905,000. Yoffe Investment Management LLC bought a new position in Altria Group during the 4th quarter worth approximately $256,000. LifeWealth Investments LLC bought a new position in Altria Group in the fourth quarter valued at approximately $549,000. Capital A Wealth Management LLC bought a new position in Altria Group in the fourth quarter valued at approximately $191,000. Finally, Heck Capital Advisors LLC bought a new position in Altria Group in the fourth quarter valued at approximately $421,000. Institutional investors own 57.41% of the company’s stock.

Analyst Upgrades and Downgrades

MO has been the topic of a number of research reports. Citigroup lifted their price target on shares of Altria Group from $52.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, April 25th. Needham & Company LLC raised shares of Altria Group to a “hold” rating in a research note on Thursday, May 22nd. Barclays lifted their price target on shares of Altria Group from $46.00 to $49.00 and gave the company an “underweight” rating in a research note on Friday, May 2nd. Deutsche Bank Aktiengesellschaft set a $60.00 price target on shares of Altria Group in a research note on Tuesday, April 1st. Finally, Stifel Nicolaus lifted their price target on shares of Altria Group from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $56.00.

Altria Group Stock Down 0.2%

Shares of MO stock opened at $59.61 on Wednesday. The company’s fifty day simple moving average is $58.19 and its 200-day simple moving average is $55.77. The firm has a market cap of $100.41 billion, a PE ratio of 9.10, a P/E/G ratio of 2.89 and a beta of 0.60. Altria Group, Inc. has a 12 month low of $43.83 and a 12 month high of $61.26.

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

Altria Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Monday, June 16th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 6.84%. The ex-dividend date of this dividend is Monday, June 16th. Altria Group’s dividend payout ratio is presently 68.34%.

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.