Empowered Funds LLC Purchases New Position in Altria Group Inc (NYSE:MO)

Empowered Funds LLC bought a new position in shares of Altria Group Inc (NYSE:MO) during the fourth quarter, HoldingsChannel.com reports. The firm bought 49,941 shares of the company’s stock, valued at approximately $2,493,000.

Several other large investors have also made changes to their positions in the business. Dupont Capital Management Corp grew its position in shares of Altria Group by 26.5% during the 4th quarter. Dupont Capital Management Corp now owns 104,617 shares of the company’s stock worth $5,221,000 after purchasing an additional 21,884 shares in the last quarter. Carlson Capital Management acquired a new position in shares of Altria Group during the 4th quarter worth approximately $210,000. TRUE Private Wealth Advisors grew its position in shares of Altria Group by 9.8% during the 4th quarter. TRUE Private Wealth Advisors now owns 18,899 shares of the company’s stock worth $959,000 after purchasing an additional 1,689 shares in the last quarter. Columbus Macro LLC acquired a new position in shares of Altria Group during the 4th quarter worth approximately $309,000. Finally, Investors Financial Group LLC acquired a new position in shares of Altria Group during the 4th quarter worth approximately $273,000. Hedge funds and other institutional investors own 62.44% of the company’s stock.

MO has been the subject of a number of recent analyst reports. Piper Jaffray Companies set a $49.00 price target on shares of Altria Group and gave the stock a “hold” rating in a report on Monday, September 30th. ValuEngine downgraded shares of Altria Group from a “hold” rating to a “sell” rating in a report on Wednesday, January 15th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Altria Group in a report on Tuesday, October 15th. Argus set a $60.00 price target on shares of Altria Group and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, Morgan Stanley upped their price target on shares of Altria Group from $44.00 to $48.00 and gave the stock an “equal weight” rating in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. Altria Group has a consensus rating of “Hold” and a consensus price target of $54.86.

NYSE:MO traded up $0.22 on Tuesday, hitting $49.99. The company had a trading volume of 2,219,565 shares, compared to its average volume of 6,768,709. The stock has a market capitalization of $93.87 billion, a price-to-earnings ratio of 53.18, a PEG ratio of 1.78 and a beta of 0.44. The company has a current ratio of 0.56, a quick ratio of 0.27 and a debt-to-equity ratio of 2.53. The firm has a 50 day moving average of $50.45 and a two-hundred day moving average of $47.05. Altria Group Inc has a 52 week low of $39.30 and a 52 week high of $57.88.

Altria Group (NYSE:MO) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.04. The business had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.34 billion. Altria Group had a net margin of 7.00% and a return on equity of 56.17%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.08 EPS. As a group, equities analysts forecast that Altria Group Inc will post 4.21 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 26th were paid a $0.84 dividend. This represents a $3.36 annualized dividend and a yield of 6.72%. The ex-dividend date of this dividend was Tuesday, December 24th. Altria Group’s payout ratio is 84.21%.

Altria Group Profile

Altria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands.

See Also: Why is the ex-dividend date different from the record date?

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

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