Seven Eight Capital LP Invests $1.02 Million in Altria Group, Inc. (NYSE:MO)

Seven Eight Capital LP bought a new position in Altria Group, Inc. (NYSE:MOFree Report) during the first quarter, according to the company in its most recent filing with the SEC. The firm bought 22,776 shares of the company’s stock, valued at approximately $1,016,000.

Other large investors also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P purchased a new position in Altria Group in the 1st quarter worth $25,000. Ruedi Wealth Management Inc. purchased a new position in shares of Altria Group in the fourth quarter valued at about $30,000. Ellevest Inc. increased its position in shares of Altria Group by 346.7% in the first quarter. Ellevest Inc. now owns 670 shares of the company’s stock valued at $30,000 after acquiring an additional 520 shares during the period. NewSquare Capital LLC increased its position in shares of Altria Group by 153.8% in the first quarter. NewSquare Capital LLC now owns 731 shares of the company’s stock valued at $33,000 after acquiring an additional 443 shares during the period. Finally, Dark Forest Capital Management LP purchased a new position in shares of Altria Group in the fourth quarter valued at about $34,000. Hedge funds and other institutional investors own 58.94% of the company’s stock.

Altria Group Price Performance

Shares of NYSE MO opened at $44.08 on Friday. Altria Group, Inc. has a 1 year low of $40.35 and a 1 year high of $51.57. The company’s 50-day moving average is $44.54 and its 200 day moving average is $45.14. The stock has a market capitalization of $78.22 billion, a P/E ratio of 11.57, a P/E/G ratio of 2.33 and a beta of 0.59.

Altria Group (NYSE:MOGet Free Report) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $1.31 EPS for the quarter, hitting the consensus estimate of $1.31. Altria Group had a net margin of 27.40% and a negative return on equity of 225.61%. The business had revenue of $5.44 billion for the quarter, compared to analyst estimates of $5.43 billion. During the same quarter in the previous year, the firm posted $1.26 earnings per share. Altria Group’s quarterly revenue was up 1.2% on a year-over-year basis. Research analysts anticipate that Altria Group, Inc. will post 5 earnings per share for the current year.

Altria Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Investors of record on Friday, September 15th will be paid a dividend of $0.98 per share. The ex-dividend date is Thursday, September 14th. This represents a $3.92 annualized dividend and a yield of 8.89%. This is a positive change from Altria Group’s previous quarterly dividend of $0.94. Altria Group’s payout ratio is presently 98.69%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MO. began coverage on shares of Altria Group in a research report on Thursday, August 17th. They issued a “buy” rating 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 research report on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Based on data from, the company currently has an average rating of “Hold” and an average target price of $47.50.

Check Out Our Latest Research Report on MO

Altria Group Profile

(Free Report)

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.

See Also

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

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