RB Capital Management LLC bought a new stake in Altria Group Inc (NYSE:MO) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,739 shares of the company’s stock, valued at approximately $861,000. Altria Group accounts for approximately 0.9% of RB Capital Management LLC’s holdings, making the stock its 27th largest position.
A number of other hedge funds have also bought and sold shares of MO. Integrated Wealth Counsel LLC increased its stake in Altria Group by 1,500.0% in the third quarter. Integrated Wealth Counsel LLC now owns 1,600 shares of the company’s stock valued at $101,000 after buying an additional 1,500 shares in the last quarter. CLS Investments LLC increased its stake in Altria Group by 251.9% in the fourth quarter. CLS Investments LLC now owns 1,777 shares of the company’s stock valued at $120,000 after buying an additional 1,272 shares in the last quarter. Timber Creek Capital Management LLC purchased a new stake in Altria Group during the third quarter valued at about $113,000. Harel Insurance Investments & Financial Services Ltd. increased its stake in Altria Group by 3.4% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,005 shares of the company’s stock valued at $136,000 after buying an additional 65 shares in the last quarter. Finally, New Capital Management LP purchased a new stake in Altria Group during the fourth quarter valued at about $139,000. 60.77% of the stock is owned by institutional investors.
Shares of Altria Group Inc (NYSE:MO) opened at 71.41 on Friday. The firm’s 50-day moving average is $73.69 and its 200-day moving average is $68.68. Altria Group Inc has a one year low of $59.48 and a one year high of $76.54. The company has a market cap of $138.54 billion, a price-to-earnings ratio of 9.81 and a beta of 0.61.
Altria Group (NYSE:MO) last announced its earnings results on Wednesday, February 1st. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.01. The business had revenue of $5.45 billion for the quarter, compared to analysts’ expectations of $4.80 billion. Altria Group had a return on equity of 109.95% and a net margin of 55.31%. The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter last year, the firm earned $0.67 EPS. Analysts expect that Altria Group Inc will post $3.29 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, April 10th. Shareholders of record on Wednesday, March 15th were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Monday, March 13th. This represents a $2.44 annualized dividend and a yield of 3.42%. Altria Group’s dividend payout ratio (DPR) is presently 33.47%.
Several analysts recently issued reports on the stock. Vetr raised shares of Altria Group from a “hold” rating to a “buy” rating and set a $74.89 price objective for the company in a report on Monday. Barclays PLC reiterated an “equal weight” rating and set a $74.00 target price on shares of Altria Group in a research note on Wednesday, March 29th. Jefferies Group LLC reiterated a “hold” rating and set a $71.00 target price on shares of Altria Group in a research note on Friday, March 24th. Royal Bank of Canada cut shares of Altria Group from a “sector perform” rating to an “underperform” rating and set a $62.00 target price for the company. in a research note on Thursday, March 23rd. They noted that the move was a valuation call. Finally, Argus upped their target price on shares of Altria Group from $73.00 to $79.00 and gave the company a “buy” rating in a research note on Friday, February 3rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $71.71.
Altria Group Company Profile
Altria Group, Inc is a holding company. The Company’s segments include smokeable products, smokeless products and wine. The Company’s subsidiaries include Philip Morris USA Inc (PM USA), which is engaged in the manufacture and sale of cigarettes in the United States; John Middleton Co (Middleton), which is engaged in the manufacture and sale of machine-made cigars and pipe tobacco, and UST LLC (UST), which, through its subsidiaries, including U.S.
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