6,571 Shares in Altria Group, Inc. (NYSE:MO) Acquired by AMG National Trust Bank

AMG National Trust Bank bought a new position in shares of Altria Group, Inc. (NYSE:MOGet Rating) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 6,571 shares of the company’s stock, valued at approximately $265,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MO. Loomis Sayles & Co. L P acquired a new position in Altria Group during the 1st quarter worth approximately $25,000. WFA of San Diego LLC acquired a new position in Altria Group during the 2nd quarter worth approximately $26,000. Arlington Partners LLC acquired a new position in Altria Group during the 2nd quarter worth approximately $27,000. Aurora Private Wealth Inc. acquired a new position in Altria Group during the 2nd quarter worth approximately $38,000. Finally, 1832 Asset Management L.P. acquired a new position in Altria Group during the 1st quarter worth approximately $41,000. Institutional investors and hedge funds own 58.68% of the company’s stock.

Altria Group Stock Performance

Shares of Altria Group stock opened at $44.78 on Wednesday. The company has a market cap of $80.25 billion, a P/E ratio of 17.42, a PEG ratio of 2.22 and a beta of 0.62. Altria Group, Inc. has a one year low of $38.08 and a one year high of $57.05. The firm has a fifty day moving average of $45.76 and a two-hundred day moving average of $44.68.

Altria Group (NYSE:MOGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The company reported $1.28 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.03). The firm had revenue of $5.41 billion for the quarter, compared to analysts’ expectations of $5.59 billion. Altria Group had a negative return on equity of 345.98% and a net margin of 18.61%. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.22 EPS. As a group, equities analysts predict that Altria Group, Inc. will post 4.84 earnings per share for the current year.

Altria Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 10th. Stockholders of record on Thursday, December 22nd were issued a $0.94 dividend. The ex-dividend date of this dividend was Wednesday, December 21st. This represents a $3.76 dividend on an annualized basis and a dividend yield of 8.40%. Altria Group’s dividend payout ratio is presently 146.30%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Cowen upped their target price on shares of Altria Group to $47.00 in a report on Tuesday, November 1st. Stifel Nicolaus restated a “buy” rating and issued a $50.00 target price on shares of Altria Group in a report on Monday, October 31st. UBS Group cut shares of Altria Group from a “neutral” rating to a “sell” rating and set a $38.00 target price for the company. in a report on Thursday, November 10th. StockNews.com upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a report on Thursday, January 19th. Finally, Morgan Stanley upped their target price on shares of Altria Group from $43.00 to $46.00 and gave the company an “equal weight” rating in a report on Monday. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Altria Group presently has a consensus rating of “Hold” and an average price target of $46.91.

Altria Group Company Profile

(Get Rating)

Altria Group, Inc operates as a holding company, which engages in the manufacture and sale of cigarettes in the United States. It operates through the following segments: Smokeable Products, Oral tobacco products, and Wine. The Smokeable Products segment consists of cigarettes manufactured and sold by PM USA and machine-made large cigars and pipe tobacco manufactured and sold by Middleton.

Further Reading

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

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