Curi Capital bought a new stake in Altria Group, Inc. (NYSE:MO) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,005 shares of the company’s stock, valued at approximately $41,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Freedman Financial Associates Inc. purchased a new stake in shares of Altria Group during the fourth quarter worth about $25,000. TRU Independence Asset Management 2 LLC purchased a new stake in Altria Group during the 4th quarter worth approximately $25,000. Encompass Wealth Advisors LLC purchased a new stake in Altria Group during the 4th quarter worth approximately $25,000. Financial Avengers Inc. acquired a new position in Altria Group during the 4th quarter valued at approximately $29,000. Finally, Kathmere Capital Management LLC acquired a new stake in shares of Altria Group during the third quarter worth $33,000. Institutional investors own 62.18% of the company’s stock.

Several equities analysts recently issued reports on MO shares. TheStreet raised Altria Group from a “c” rating to a “b-” rating in a research report on Thursday, January 28th. Piper Sandler restated a “buy” rating and issued a $57.00 price objective on shares of Altria Group in a research note on Monday. UBS Group lowered Altria Group from a “buy” rating to a “neutral” rating and set a $46.00 target price on the stock. in a research report on Tuesday, March 16th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Altria Group from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, March 19th. Finally, Royal Bank of Canada reaffirmed a “buy” rating on shares of Altria Group in a report on Sunday, January 31st. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Altria Group currently has an average rating of “Buy” and a consensus price target of $49.90.

NYSE:MO opened at $51.13 on Thursday. The company has a debt-to-equity ratio of 8.59, a current ratio of 0.77 and a quick ratio of 0.55. The company has a 50 day moving average price of $47.87 and a 200-day moving average price of $42.40. Altria Group, Inc. has a 1-year low of $35.02 and a 1-year high of $52.59. The firm has a market cap of $95.03 billion, a price-to-earnings ratio of 142.03, a price-to-earnings-growth ratio of 2.25 and a beta of 0.54.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Wednesday, January 27th. The company reported $0.99 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.02 by ($0.03). The business had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $4.95 billion. Altria Group had a net margin of 2.84% and a return on equity of 148.93%. Altria Group’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.02 EPS. On average, sell-side analysts anticipate that Altria Group, Inc. will post 4.37 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 30th. Stockholders of record on Thursday, March 25th will be given a dividend of $0.86 per share. The ex-dividend date is Wednesday, March 24th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 6.73%. Altria Group’s dividend payout ratio (DPR) is 81.52%.

Altria Group announced that its Board of Directors has initiated a stock buyback plan on Thursday, January 28th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 2.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

About Altria Group

Altria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, oral tobacco 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, as well as provides on! oral nicotine pouches.

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

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