First Citizens Financial Corp bought a new position in shares of Altria Group, Inc. (NYSE:MO – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,693 shares of the company’s stock, valued at approximately $213,000.
Other institutional investors have also bought and sold shares of the company. Great Waters Wealth Management acquired a new stake in shares of Altria Group during the 2nd quarter worth about $246,000. LVM Capital Management Ltd. MI boosted its holdings in shares of Altria Group by 0.6% in the 2nd quarter. LVM Capital Management Ltd. MI now owns 131,124 shares of the company’s stock worth $5,940,000 after acquiring an additional 775 shares in the last quarter. Radnor Capital Management LLC grew its position in Altria Group by 21.8% during the 2nd quarter. Radnor Capital Management LLC now owns 22,903 shares of the company’s stock worth $1,038,000 after acquiring an additional 4,100 shares during the last quarter. Armstrong Advisory Group Inc. increased its holdings in Altria Group by 35.8% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 8,316 shares of the company’s stock valued at $377,000 after purchasing an additional 2,192 shares in the last quarter. Finally, MADDEN SECURITIES Corp raised its position in Altria Group by 44.0% in the 2nd quarter. MADDEN SECURITIES Corp now owns 15,632 shares of the company’s stock valued at $708,000 after purchasing an additional 4,776 shares during the last quarter. Institutional investors and hedge funds own 58.94% of the company’s stock.
Altria Group Price Performance
Altria Group stock opened at $43.51 on Friday. Altria Group, Inc. has a fifty-two week low of $40.35 and a fifty-two week high of $51.57. The firm has a market capitalization of $77.21 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 2.35 and a beta of 0.59. The company’s 50 day simple moving average is $44.42 and its 200 day simple moving average is $45.08.
Altria Group Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Investors of record on Friday, September 15th will be issued a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 9.01%. This is a positive change from Altria Group’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, September 14th. Altria Group’s dividend payout ratio (DPR) is presently 102.89%.
Analyst Ratings Changes
A number of equities research analysts have commented on the stock. Jefferies Financial Group decreased their price objective on shares of Altria Group from $56.00 to $55.00 and set a “buy” rating on the stock in a report on Tuesday, August 22nd. StockNews.com began coverage on shares of Altria Group in a report on Thursday, August 17th. They set a “buy” rating for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $47.50.
Altria Group Profile
Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company provides cigarettes primarily under the Marlboro brand; cigars and pipe tobacco principally under the Black & Mild brand; moist smokeless tobacco products and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; and on! oral nicotine pouches.
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