Tradewinds LLC. Has $532,000 Holdings in Altria Group, Inc. (NYSE:MO)

Tradewinds LLC. lifted its position in shares of Altria Group, Inc. (NYSE:MO) by 11.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,900 shares of the company’s stock after acquiring an additional 998 shares during the quarter. Tradewinds LLC.’s holdings in Altria Group were worth $532,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MO. Truvestments Capital LLC boosted its stake in shares of Altria Group by 4.3% during the fourth quarter. Truvestments Capital LLC now owns 4,581 shares of the company’s stock valued at $240,000 after purchasing an additional 190 shares in the last quarter. Enterprise Financial Services Corp raised its holdings in Altria Group by 4.0% in the 4th quarter. Enterprise Financial Services Corp now owns 5,052 shares of the company’s stock valued at $264,000 after buying an additional 194 shares during the last quarter. Horst & Graben Wealth Management LLC boosted its position in Altria Group by 1.5% during the 4th quarter. Horst & Graben Wealth Management LLC now owns 13,015 shares of the company’s stock worth $681,000 after buying an additional 198 shares during the period. Fragasso Financial Advisors Inc grew its holdings in Altria Group by 3.3% during the 4th quarter. Fragasso Financial Advisors Inc now owns 6,302 shares of the company’s stock worth $330,000 after acquiring an additional 199 shares during the last quarter. Finally, First Citizens Financial Corp grew its holdings in Altria Group by 4.8% during the 4th quarter. First Citizens Financial Corp now owns 4,402 shares of the company’s stock worth $230,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Stock Performance

Shares of MO opened at $60.11 on Tuesday. The firm has a market cap of $101.62 billion, a PE ratio of 9.18, a price-to-earnings-growth ratio of 2.89 and a beta of 0.56. Altria Group, Inc. has a 52-week low of $40.65 and a 52-week high of $60.18. The business’s 50 day moving average price is $55.23 and its two-hundred day moving average price is $53.65.

Altria Group (NYSE:MO) last issued its earnings results on Thursday, January 30th. The company reported $1.29 earnings per share (EPS) for the quarter, topping 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%. Research analysts predict that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.

Altria Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, March 25th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 6.79%. The ex-dividend date of this dividend is Tuesday, March 25th. Altria Group’s dividend payout ratio (DPR) is currently 62.29%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Morgan Stanley cut their price target on shares of Altria Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Bank of America raised Altria Group from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $55.00 to $65.00 in a report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $53.29.

Altria Group 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.