Mitchell Mcleod Pugh & Williams Inc. decreased its holdings in Altria Group, Inc. (NYSE:MO – Free Report) by 3.7% in the fourth quarter, Holdings Channel reports. The firm owned 23,662 shares of the company’s stock after selling 920 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Altria Group were worth $1,237,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. True Wealth Design LLC grew its position in Altria Group by 420.0% in 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 bought a new stake in shares of Altria Group in the third quarter worth $34,000. Peterson Financial Group Inc. bought a new stake in shares of Altria Group in the third quarter worth $41,000. Fairman Group LLC increased its position in Altria Group by 85.1% during the third 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. Finally, IFS Advisors LLC lifted its holdings in Altria Group by 330.4% in the fourth quarter. IFS Advisors LLC now owns 977 shares of the company’s stock valued at $51,000 after acquiring an additional 750 shares during the period. 57.41% of the stock is currently owned by institutional investors.
Altria Group Stock Up 1.5 %
Altria Group stock opened at $51.92 on Monday. The business’s 50-day moving average price is $54.29 and its 200 day moving average price is $51.99. The firm has a market cap of $87.99 billion, a price-to-earnings ratio of 8.77, a price-to-earnings-growth ratio of 2.69 and a beta of 0.64. Altria Group, Inc. has a 52 week low of $39.25 and a 52 week high of $58.03.
Altria Group Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 26th were issued a $1.02 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $4.08 annualized dividend and a yield of 7.86%. Altria Group’s payout ratio is 68.92%.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the stock. Bank of America upgraded shares of Altria Group from a “neutral” rating to a “buy” rating and boosted their target price for the company from $55.00 to $65.00 in a research report on Friday, December 6th. Morgan Stanley assumed coverage on shares of Altria Group in a research report on Thursday. They set an “equal weight” rating and a $54.00 price objective for the company. StockNews.com upgraded Altria Group from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Barclays upped their price target on Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Finally, Stifel Nicolaus lifted their price objective on Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. 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 company. According to MarketBeat, Altria Group presently has a consensus rating of “Hold” and an average price target of $53.43.
Read Our Latest Stock Analysis on MO
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.
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