Altria Group, Inc. (NYSE:MO) Shares Sold by Stockman Wealth Management Inc.

Stockman Wealth Management Inc. decreased its position in Altria Group, Inc. (NYSE:MO) by 6.0% in the 4th quarter, HoldingsChannel reports. The firm owned 4,081 shares of the company’s stock after selling 260 shares during the period. Stockman Wealth Management Inc.’s holdings in Altria Group were worth $213,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Financial Life Planners acquired a new position in shares of Altria Group during the 4th quarter valued at about $25,000. True Wealth Design LLC increased 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 valued at $29,000 after acquiring an additional 462 shares during the last quarter. Legacy Investment Solutions LLC acquired a new position in shares of Altria Group during the 3rd quarter valued at about $34,000. Peterson Financial Group Inc. acquired a new position in shares of Altria Group during the 3rd quarter valued at about $41,000. Finally, Fairman Group LLC increased 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 valued at $46,000 after acquiring an additional 410 shares during the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Trading Up 0.0 %

Altria Group stock opened at $52.65 on Friday. The stock has a market cap of $89.24 billion, a P/E ratio of 8.04, a price-to-earnings-growth ratio of 2.80 and a beta of 0.64. The stock has a 50 day moving average of $53.09 and a 200-day moving average of $52.44. Altria Group, Inc. has a 52 week low of $39.25 and a 52 week high of $58.03.

Altria Group (NYSE:MO) last released its earnings results on Thursday, January 30th. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.28 by $0.01. Altria Group had a negative return on equity of 258.72% and a net margin of 46.90%. As a group, equities analysts predict that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 26th were paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 7.75%. The ex-dividend date was Thursday, December 26th. Altria Group’s dividend payout ratio (DPR) is currently 62.29%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MO. 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. StockNews.com upgraded Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Barclays boosted their target price on Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Stifel Nicolaus boosted their target price on Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. 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 stock. According to data from MarketBeat, Altria Group currently has an average 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.