Enzi Wealth Buys 284 Shares of Altria Group, Inc. (NYSE:MO)

Enzi Wealth increased its position in Altria Group, Inc. (NYSE:MO) by 3.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,494 shares of the company’s stock after buying an additional 284 shares during the period. Enzi Wealth’s holdings in Altria Group were worth $482,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in Altria Group by 5.6% during the 3rd quarter. State Street Corp now owns 73,481,686 shares of the company’s stock valued at $3,821,831,000 after buying an additional 3,910,738 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Altria Group by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 57,508,314 shares of the company’s stock valued at $2,935,224,000 after acquiring an additional 589,832 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Altria Group by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 40,803,759 shares of the company’s stock worth $2,079,919,000 after acquiring an additional 1,003,605 shares during the last quarter. National Pension Service boosted its stake in shares of Altria Group by 19.9% during the 3rd quarter. National Pension Service now owns 4,034,414 shares of the company’s stock worth $205,916,000 after purchasing an additional 670,858 shares during the period. Finally, Bank of Montreal Can grew its holdings in Altria Group by 1.2% during the 3rd quarter. Bank of Montreal Can now owns 3,051,644 shares of the company’s stock valued at $155,786,000 after purchasing an additional 35,953 shares during the last quarter. 57.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on MO. Citigroup upped their price objective on Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Stifel Nicolaus upped their target price on shares of Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Morgan Stanley assumed coverage on shares of Altria Group in a research note on Thursday, January 16th. They set an “equal weight” rating and a $54.00 price target for the company. Finally, StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $53.43.

Altria Group Stock Up 0.4 %

MO stock opened at $52.81 on Thursday. The stock has a market capitalization of $89.50 billion, a PE ratio of 8.92, a price-to-earnings-growth ratio of 2.67 and a beta of 0.64. Altria Group, Inc. has a 52 week low of $39.25 and a 52 week high of $58.03. The firm has a 50 day moving average of $53.81 and a 200 day moving average of $52.29.

Altria Group (NYSE:MO) last issued its earnings results on Thursday, January 30th. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.01. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. On average, equities research analysts expect that Altria Group, Inc. will post 5.13 earnings per share for the current year.

Altria Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 26th were paid a $1.02 dividend. The ex-dividend date was Thursday, December 26th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 7.73%. Altria Group’s payout ratio is currently 68.92%.

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.