Altria Group, Inc. (NYSE:MO) Shares Sold by Interchange Capital Partners LLC

Interchange Capital Partners LLC decreased its position in Altria Group, Inc. (NYSE:MO) by 13.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,682 shares of the company’s stock after selling 871 shares during the quarter. Interchange Capital Partners LLC’s holdings in Altria Group were worth $297,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its position in shares of Altria Group by 2.2% during the 3rd quarter. Franklin Resources Inc. now owns 2,159,890 shares of the company’s stock worth $107,679,000 after purchasing an additional 46,697 shares during the last quarter. Czech National Bank lifted its holdings in Altria Group by 5.7% during the 4th quarter. Czech National Bank now owns 367,469 shares of the company’s stock worth $19,215,000 after buying an additional 19,893 shares during the last quarter. CWA Asset Management Group LLC lifted its holdings in Altria Group by 5.3% during the 4th quarter. CWA Asset Management Group LLC now owns 240,454 shares of the company’s stock worth $12,573,000 after buying an additional 12,011 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of Altria Group by 8.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 706,967 shares of the company’s stock worth $36,084,000 after acquiring an additional 54,102 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB increased its holdings in shares of Altria Group by 48.8% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 89,761 shares of the company’s stock valued at $4,581,000 after acquiring an additional 29,421 shares during the last quarter. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Altria Group Trading Up 0.0 %

MO stock opened at $57.62 on Tuesday. The business has a 50 day simple moving average of $54.56 and a 200-day simple moving average of $53.48. The company has a market capitalization of $97.41 billion, a P/E ratio of 8.80, a PEG ratio of 2.89 and a beta of 0.56. Altria Group, Inc. has a twelve month low of $40.65 and a twelve month high of $59.67.

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

Altria Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, March 25th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 7.08%. The ex-dividend date of this dividend is Tuesday, March 25th. Altria Group’s dividend payout ratio (DPR) is presently 62.29%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Morgan Stanley lowered their price target on Altria Group from $54.00 to $53.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Bank of America raised shares of Altria Group from a “neutral” rating to a “buy” rating and increased their target price for the company from $55.00 to $65.00 in a research 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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, Altria Group has an average rating of “Hold” and a consensus 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.