TIAA Trust National Association Purchases 292 Shares of Altria Group, Inc. (NYSE:MO)

TIAA Trust National Association boosted its position in shares of Altria Group, Inc. (NYSE:MO) by 0.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 61,816 shares of the company’s stock after purchasing an additional 292 shares during the quarter. TIAA Trust National Association’s holdings in Altria Group were worth $3,232,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Financial Life Planners purchased a new stake in shares of Altria Group in the 4th quarter worth approximately $25,000. True Wealth Design LLC raised its stake 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 buying an additional 462 shares in the last quarter. VSM Wealth Advisory LLC bought a new position in Altria Group in the fourth quarter worth approximately $29,000. Marshall Investment Management LLC purchased a new stake in Altria Group during the fourth quarter worth $32,000. Finally, Promus Capital LLC bought a new stake in Altria Group during the 4th quarter valued at $33,000. 57.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Morgan Stanley reduced their price target on 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. Bank of America upgraded shares of 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. 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.com, Altria Group presently has an average rating of “Hold” and an average target price of $53.29.

Altria Group Stock Performance

Altria Group stock opened at $57.74 on Thursday. Altria Group, Inc. has a one year low of $40.65 and a one year high of $59.67. The stock has a market cap of $97.61 billion, a PE ratio of 8.81, a price-to-earnings-growth ratio of 2.89 and a beta of 0.56. The stock has a 50-day moving average of $54.80 and a two-hundred day moving average of $53.54.

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

Altria Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, March 25th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 7.07%. The ex-dividend date is Tuesday, March 25th. Altria Group’s dividend payout ratio (DPR) is presently 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.