Kohmann Bosshard Financial Services LLC Acquires New Stake in Altria Group, Inc. (NYSE:MO)

Kohmann Bosshard Financial Services LLC bought a new position in Altria Group, Inc. (NYSE:MO) during the fourth quarter, HoldingsChannel.com reports. The fund bought 1,350 shares of the company’s stock, valued at approximately $71,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of MO. Franklin Resources Inc. increased its stake in Altria Group by 2.2% in the 3rd quarter. Franklin Resources Inc. now owns 2,159,890 shares of the company’s stock worth $107,679,000 after buying an additional 46,697 shares during the period. Czech National Bank boosted its position in Altria Group by 5.7% in the 4th quarter. Czech National Bank now owns 367,469 shares of the company’s stock valued at $19,215,000 after buying an additional 19,893 shares during the period. CWA Asset Management Group LLC grew its stake in Altria Group by 5.3% in the 4th quarter. CWA Asset Management Group LLC now owns 240,454 shares of the company’s stock worth $12,573,000 after acquiring an additional 12,011 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Altria Group by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 57,508,314 shares of the company’s stock worth $2,935,224,000 after acquiring an additional 589,832 shares during the period. Finally, Los Angeles Capital Management LLC raised its stake in shares of Altria Group by 729.8% during the third quarter. Los Angeles Capital Management LLC now owns 1,969,262 shares of the company’s stock valued at $100,511,000 after acquiring an additional 1,731,932 shares in the last quarter. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Altria Group Price Performance

Shares of NYSE MO opened at $55.83 on Monday. Altria Group, Inc. has a 1-year low of $39.25 and a 1-year high of $58.03. The business has a fifty day moving average price of $52.77 and a 200 day moving average price of $52.91. The stock has a market capitalization of $94.38 billion, a P/E ratio of 8.52, a price-to-earnings-growth ratio of 2.89 and a beta of 0.64.

Altria Group (NYSE:MO) last released its quarterly earnings results on Thursday, January 30th. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.01. Altria Group had a net margin of 46.90% and a negative return on equity of 258.72%. As a group, equities research analysts anticipate that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, March 25th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 7.31%. The ex-dividend date is Tuesday, March 25th. Altria Group’s payout ratio is presently 62.29%.

Analysts Set New Price Targets

MO has been the topic of several research analyst reports. Barclays increased their price objective on Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Morgan Stanley dropped their price target on Altria Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Bank of America upgraded Altria Group from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $55.00 to $65.00 in a report on Friday, December 6th. Finally, StockNews.com upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Altria Group presently has a consensus rating of “Hold” and a consensus target price of $53.29.

About Altria Group

Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company offers cigarettes primarily under the Marlboro brand; large cigars and pipe tobacco under the Black & Mild brand; moist smokeless tobacco and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; oral nicotine pouches under the on! brand; and e-vapor products under the NJOY ACE brand.