Altria Group, Inc. (NYSE:MO) Shares Sold by Tacita Capital Inc

Tacita Capital Inc cut its holdings in Altria Group, Inc. (NYSE:MO) by 37.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,012 shares of the company’s stock after selling 600 shares during the period. Tacita Capital Inc’s holdings in Altria Group were worth $53,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Financial Life Planners bought a new stake in Altria Group in the 4th quarter valued at about $25,000. True Wealth Design LLC lifted 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 valued at $29,000 after purchasing an additional 462 shares during the last quarter. Marshall Investment Management LLC bought a new stake in Altria Group in the 4th quarter valued at about $32,000. Legacy Investment Solutions LLC bought a new stake in Altria Group in the 3rd quarter valued at about $34,000. Finally, Kestra Investment Management LLC bought a new stake in Altria Group in the 4th quarter valued at about $40,000. 57.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Morgan Stanley cut their price objective on shares of Altria Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. StockNews.com upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Barclays boosted their price target on shares of Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Finally, Bank of America upgraded shares of Altria Group from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $55.00 to $65.00 in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Altria Group has an average rating of “Hold” and a consensus price target of $53.29.

Altria Group Price Performance

Shares of MO opened at $57.33 on Tuesday. The firm’s 50 day moving average is $52.84 and its 200-day moving average is $52.96. The stock has a market capitalization of $96.93 billion, a P/E ratio of 8.75, a P/E/G ratio of 2.89 and a beta of 0.64. Altria Group, Inc. has a 12-month low of $39.25 and a 12-month high of $58.03.

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

Altria Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, March 25th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $4.08 annualized dividend and a dividend yield of 7.12%. Altria Group’s dividend payout ratio is currently 62.29%.

Altria Group Company 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.