Clear Creek Financial Management LLC increased its holdings in Altria Group Inc (NYSE:MO) by 13.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,856 shares of the company’s stock after buying an additional 1,687 shares during the period. Clear Creek Financial Management LLC’s holdings in Altria Group were worth $704,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Simon Quick Advisors LLC grew its stake in Altria Group by 518.4% during the 4th quarter. Simon Quick Advisors LLC now owns 538 shares of the company’s stock worth $27,000 after buying an additional 451 shares during the last quarter. Julex Capital Management LLC purchased a new position in Altria Group during the 3rd quarter worth $25,000. Vigilant Capital Management LLC grew its stake in Altria Group by 140.3% during the 3rd quarter. Vigilant Capital Management LLC now owns 704 shares of the company’s stock worth $29,000 after buying an additional 411 shares during the last quarter. Salomon & Ludwin LLC grew its stake in Altria Group by 189.0% during the 2nd quarter. Salomon & Ludwin LLC now owns 867 shares of the company’s stock worth $41,000 after buying an additional 567 shares during the last quarter. Finally, Neo Ivy Capital Management purchased a new position in Altria Group during the 2nd quarter worth $46,000. 62.51% of the stock is owned by institutional investors.
MO traded up $0.04 on Friday, reaching $51.14. 2,021,799 shares of the stock were exchanged, compared to its average volume of 7,049,858. The company’s 50-day moving average price is $50.32 and its 200 day moving average price is $46.93. Altria Group Inc has a fifty-two week low of $39.30 and a fifty-two week high of $57.88. The company has a debt-to-equity ratio of 2.53, a current ratio of 0.56 and a quick ratio of 0.27. The firm has a market capitalization of $95.03 billion, a PE ratio of 12.82, a PEG ratio of 1.80 and a beta of 0.44.
The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 26th were given a dividend of $0.84 per share. The ex-dividend date was Tuesday, December 24th. This represents a $3.36 dividend on an annualized basis and a yield of 6.57%. Altria Group’s dividend payout ratio is currently 84.21%.
Several research analysts recently weighed in on the company. Argus set a $60.00 target price on Altria Group and gave the stock a “buy” rating in a research note on Thursday, October 10th. ValuEngine downgraded Altria Group from a “hold” rating to a “sell” rating in a research note on Wednesday. Morgan Stanley boosted their target price on Altria Group from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Monday, December 16th. Piper Jaffray Companies set a $49.00 target price on Altria Group and gave the stock a “hold” rating in a research note on Monday, September 30th. Finally, Stifel Nicolaus restated a “buy” rating on shares of Altria Group in a research note on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $54.86.
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.
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