Bryn Mawr Capital Management LLC Sells 33,630 Shares of Altria Group, Inc. (NYSE:MO)

Bryn Mawr Capital Management LLC trimmed its stake in Altria Group, Inc. (NYSE:MO) by 81.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,773 shares of the company’s stock after selling 33,630 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Altria Group were worth $406,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Financial Life Planners bought a new position in shares of Altria Group in the 4th quarter worth $25,000. True Wealth Design LLC increased its position in Altria Group by 420.0% during the 3rd quarter. True Wealth Design LLC now owns 572 shares of the company’s stock valued at $29,000 after buying an additional 462 shares in the last quarter. Legacy Investment Solutions LLC acquired a new position in Altria Group during the 3rd quarter valued at about $34,000. Kestra Investment Management LLC acquired a new position in Altria Group during the 4th quarter valued at about $40,000. Finally, Peterson Financial Group Inc. acquired a new position in Altria Group during the 3rd quarter valued at about $41,000. 57.41% of the stock is owned by institutional investors.

Altria Group Stock Up 1.2 %

Shares of MO opened at $55.01 on Friday. Altria Group, Inc. has a 52 week low of $39.25 and a 52 week high of $58.03. The company has a market capitalization of $93.22 billion, a price-to-earnings ratio of 8.40, a PEG ratio of 2.84 and a beta of 0.64. The stock’s 50-day moving average price is $52.61 and its 200-day moving average price is $52.70.

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

Altria Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 26th were paid a $1.02 dividend. The ex-dividend date was Thursday, December 26th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 7.42%. Altria Group’s payout ratio is 62.29%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Morgan Stanley reduced their target price 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. Barclays upped their target price on Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft upped their target price on Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Stifel Nicolaus boosted their price target on Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Bank of America upgraded Altria Group from a “neutral” rating to a “buy” rating and boosted their price target for the company from $55.00 to $65.00 in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $53.29.

Altria Group Company Profile

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.