Tyche Wealth Partners LLC Sells 1,706 Shares of Altria Group, Inc. (NYSE:MO)

Tyche Wealth Partners LLC reduced its stake in Altria Group, Inc. (NYSE:MO) by 1.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 88,471 shares of the company’s stock after selling 1,706 shares during the quarter. Altria Group comprises approximately 1.0% of Tyche Wealth Partners LLC’s holdings, making the stock its 24th biggest position. Tyche Wealth Partners LLC’s holdings in Altria Group were worth $4,626,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in MO. Financial Life Planners purchased a new position in shares of Altria Group during the 4th quarter worth about $25,000. True Wealth Design LLC boosted its stake in shares of Altria Group by 420.0% during the 3rd 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 period. Legacy Investment Solutions LLC purchased a new position in shares of Altria Group during the 3rd quarter worth about $34,000. Peterson Financial Group Inc. purchased a new position in shares of Altria Group during the 3rd quarter worth about $41,000. Finally, Fairman Group LLC boosted its stake in shares of Altria Group by 85.1% during the 3rd quarter. Fairman Group LLC now owns 892 shares of the company’s stock worth $46,000 after purchasing an additional 410 shares during the period. 57.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MO has been the subject of several research reports. Morgan Stanley lowered their price objective on shares of Altria Group from $54.00 to $53.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. StockNews.com raised shares of Altria Group from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Stifel Nicolaus boosted their price objective on shares of Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Bank of America upgraded shares of 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 report on Friday, December 6th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Altria Group currently has an average rating of “Hold” and a consensus price target of $53.29.

Altria Group Stock Down 0.1 %

NYSE MO opened at $52.58 on Thursday. The firm has a market cap of $89.11 billion, a PE ratio of 8.03, a price-to-earnings-growth ratio of 2.78 and a beta of 0.64. The company has a 50 day moving average price of $53.39 and a 200 day moving average price of $52.42. Altria Group, Inc. has a 52 week low of $39.25 and a 52 week high of $58.03.

Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, January 30th. The company reported $1.29 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%. On average, equities research analysts anticipate that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 26th were paid a dividend of $1.02 per share. The ex-dividend date was Thursday, December 26th. This represents a $4.08 dividend on an annualized basis and a yield of 7.76%. Altria Group’s payout ratio is 62.29%.

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.