Altria Group, Inc. (NYSE:MO) Shares Sold by TCV Trust & Wealth Management Inc.

TCV Trust & Wealth Management Inc. trimmed its position in shares of Altria Group, Inc. (NYSE:MO) by 2.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,795 shares of the company’s stock after selling 1,176 shares during the quarter. TCV Trust & Wealth Management Inc.’s holdings in Altria Group were worth $2,499,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Financial Life Planners purchased a new stake in shares of Altria Group during the fourth quarter worth $25,000. True Wealth Design LLC grew its stake 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 acquiring an additional 462 shares in the last quarter. Legacy Investment Solutions LLC acquired a new stake in Altria Group in the 3rd quarter valued at about $34,000. Peterson Financial Group Inc. acquired a new stake in Altria Group in the 3rd quarter valued at about $41,000. Finally, Fairman Group LLC lifted its stake in Altria Group by 85.1% in the 3rd quarter. Fairman Group LLC now owns 892 shares of the company’s stock worth $46,000 after purchasing an additional 410 shares in the last quarter. 57.41% of the stock is owned by institutional investors and hedge funds.

Altria Group Trading Up 0.1 %

Shares of MO opened at $53.90 on Wednesday. The firm has a market cap of $91.34 billion, a P/E ratio of 8.23, a price-to-earnings-growth ratio of 2.80 and a beta of 0.64. The company’s 50-day moving average price is $53.02 and its 200 day moving average price is $52.52. Altria Group, Inc. has a 12-month low of $39.25 and a 12-month high of $58.03.

Altria Group (NYSE:MO) last released its quarterly earnings results on Thursday, January 30th. The company reported $1.29 earnings per share (EPS) 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%. Equities research analysts forecast that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Announces Dividend

The company also recently disclosed 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 of this dividend was Thursday, December 26th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 7.57%. Altria Group’s payout ratio is presently 62.29%.

Analyst Ratings Changes

Several research analysts have recently weighed in on MO shares. Bank of America upgraded Altria Group from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $55.00 to $65.00 in a report on Friday, December 6th. Morgan Stanley lowered their price objective on Altria Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Barclays boosted their price target on shares of Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Altria Group 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.