Twin City Private Wealth LLC Sells 591 Shares of Altria Group, Inc. (NYSE:MO)

Twin City Private Wealth LLC lessened its position in Altria Group, Inc. (NYSE:MO) by 7.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,775 shares of the company’s stock after selling 591 shares during the period. Twin City Private Wealth LLC’s holdings in Altria Group were worth $414,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of MO. Segall Bryant & Hamill LLC acquired a new stake in shares of Altria Group during the 3rd quarter worth about $2,183,000. Nwam LLC lifted its stake in shares of Altria Group by 16.8% during the 3rd quarter. Nwam LLC now owns 13,355 shares of the company’s stock worth $682,000 after buying an additional 1,925 shares during the last quarter. Great Valley Advisor Group Inc. lifted its stake in shares of Altria Group by 2.8% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 151,772 shares of the company’s stock worth $7,747,000 after buying an additional 4,179 shares during the last quarter. Cerity Partners LLC lifted its stake in shares of Altria Group by 14.6% during the 3rd quarter. Cerity Partners LLC now owns 422,112 shares of the company’s stock worth $21,553,000 after buying an additional 53,832 shares during the last quarter. Finally, StoneX Group Inc. lifted its stake in shares of Altria Group by 4.1% during the 3rd quarter. StoneX Group Inc. now owns 15,879 shares of the company’s stock worth $827,000 after buying an additional 631 shares during the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Stock Down 1.1 %

Shares of Altria Group stock opened at $57.46 on Monday. Altria Group, Inc. has a twelve month low of $40.65 and a twelve month high of $59.67. The stock has a market capitalization of $97.14 billion, a price-to-earnings ratio of 8.77, a price-to-earnings-growth ratio of 2.89 and a beta of 0.56. The company has a 50-day simple moving average of $54.42 and a two-hundred day simple moving average of $53.46.

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

Altria Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, March 25th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 7.10%. The ex-dividend date is Tuesday, March 25th. Altria Group’s dividend payout ratio is currently 62.29%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on MO shares. Morgan Stanley cut their target price on shares of Altria Group from $54.00 to $53.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Bank of America upgraded shares of Altria Group from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $55.00 to $65.00 in a research note on Friday, December 6th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price 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.