Ally Financial Inc. acquired a new stake in Altria Group, Inc. (NYSE:MO – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 43,000 shares of the company’s stock, valued at approximately $2,479,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Aptus Capital Advisors LLC grew its position in Altria Group by 2.3% in the 4th quarter. Aptus Capital Advisors LLC now owns 299,099 shares of the company’s stock valued at $17,249,000 after acquiring an additional 6,818 shares in the last quarter. FORA Capital LLC grew its position in Altria Group by 29.6% in the 4th quarter. FORA Capital LLC now owns 21,091 shares of the company’s stock valued at $1,216,000 after acquiring an additional 4,821 shares in the last quarter. CreativeOne Wealth LLC grew its position in Altria Group by 10.2% in the 4th quarter. CreativeOne Wealth LLC now owns 249,161 shares of the company’s stock valued at $14,367,000 after acquiring an additional 22,977 shares in the last quarter. Kestra Advisory Services LLC grew its position in Altria Group by 7.0% in the 4th quarter. Kestra Advisory Services LLC now owns 504,267 shares of the company’s stock valued at $29,076,000 after acquiring an additional 32,904 shares in the last quarter. Finally, Transamerica Financial Advisors LLC grew its position in Altria Group by 2.5% in the 4th quarter. Transamerica Financial Advisors LLC now owns 10,514 shares of the company’s stock valued at $608,000 after acquiring an additional 261 shares in the last quarter. 57.41% of the stock is currently owned by hedge funds and other institutional investors.
Altria Group Stock Performance
Shares of Altria Group stock opened at $71.83 on Friday. Altria Group, Inc. has a one year low of $54.70 and a one year high of $74.56. The company has a market cap of $119.95 billion, a PE ratio of 15.03, a P/E/G ratio of 2.69 and a beta of 0.46. The business has a 50-day simple moving average of $69.40 and a 200-day simple moving average of $64.92.
Altria Group Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 15th will be paid a dividend of $1.06 per share. The ex-dividend date is Monday, June 15th. This represents a $4.24 annualized dividend and a yield of 5.9%. Altria Group’s payout ratio is presently 88.70%.
Insider Activity at Altria Group
In related news, Director Ennis Debra J. Kelly sold 5,790 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $72.25, for a total transaction of $418,327.50. Following the completion of the sale, the director owned 73,809 shares in the company, valued at $5,332,700.25. The trade was a 7.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ellen R. Strahlman sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $72.56, for a total value of $145,120.00. Following the sale, the director owned 25,102 shares of the company’s stock, valued at approximately $1,821,401.12. The trade was a 7.38% decrease in their position. The SEC filing for this sale provides additional information. 0.10% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on MO shares. Bank of America lifted their target price on Altria Group from $72.00 to $73.00 and gave the company a “buy” rating in a research report on Friday, April 10th. Jefferies Financial Group lifted their target price on Altria Group from $50.00 to $60.00 and gave the company an “underperform” rating in a research report on Wednesday, May 27th. Citigroup lifted their target price on Altria Group from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Morgan Stanley set a $71.00 target price on Altria Group in a research report on Friday, May 1st. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $77.00 target price on shares of Altria Group in a research report on Thursday, April 30th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $70.44.
Check Out Our Latest Report on MO
Altria Group Company Profile
Altria Group, Inc (NYSE: MO) is a U.S.-based consumer goods company whose principal business is the manufacture and sale of tobacco products. Headquartered in Richmond, Virginia, the company’s operations are focused primarily on the U.S. market and include the production, marketing and distribution of cigarettes, smokeless tobacco and cigars. Its flagship cigarette franchise in the United States is sold through its operating subsidiaries and is among the most recognizable cigarette brands in the country.
Altria’s principal operating businesses include Philip Morris USA (cigarettes), U.S.
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