Summit Trail Advisors LLC Sells 2,791 Shares of Altria Group, Inc. (NYSE:MO)

Summit Trail Advisors LLC cut its stake in Altria Group, Inc. (NYSE:MO) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 104,440 shares of the company’s stock after selling 2,791 shares during the period. Summit Trail Advisors LLC’s holdings in Altria Group were worth $5,568,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Financial Life Planners purchased a new position in Altria Group during the 4th quarter worth $25,000. True Wealth Design LLC boosted its position in Altria Group by 420.0% in the third quarter. True Wealth Design LLC now owns 572 shares of the company’s stock worth $29,000 after purchasing an additional 462 shares during the last quarter. Legacy Investment Solutions LLC purchased a new stake in shares of Altria Group during the 3rd quarter worth approximately $34,000. Peterson Financial Group Inc. bought a new position in Altria Group in the 3rd quarter valued at $41,000. Finally, Fairman Group LLC boosted its position in Altria Group by 85.1% during the third quarter. Fairman Group LLC now owns 892 shares of the company’s stock valued at $46,000 after purchasing an additional 410 shares in the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Stock Performance

MO opened at $53.84 on Tuesday. The company has a market cap of $91.24 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 2.80 and a beta of 0.64. The business’s fifty day moving average is $53.09 and its two-hundred day moving average is $52.49. Altria Group, Inc. has a one year low of $39.25 and a one year high of $58.03.

Altria Group (NYSE:MO) last released its quarterly earnings data 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 negative return on equity of 258.72% and a net margin of 46.90%. On average, analysts predict that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.

Altria Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders 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 yield of 7.58%. Altria Group’s dividend payout ratio is currently 62.29%.

Analyst Upgrades and Downgrades

MO has been the topic of a number of research analyst reports. 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 raised their price objective on Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Bank of America raised Altria Group from a “neutral” rating to a “buy” rating and lifted their price target for the company from $55.00 to $65.00 in a report on Friday, December 6th. StockNews.com raised shares of Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Finally, Stifel Nicolaus increased their price target on shares of Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two investment 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 data from MarketBeat, Altria Group has a consensus rating of “Hold” and an average 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.