Gratus Capital LLC lowered its position in shares of Altria Group Inc (NYSE:MO) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,841 shares of the company’s stock after selling 351 shares during the period. Gratus Capital LLC’s holdings in Altria Group were worth $1,139,000 as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. Baystate Wealth Management LLC increased its stake in shares of Altria Group by 7.5% in the third quarter. Baystate Wealth Management LLC now owns 3,222 shares of the company’s stock worth $204,000 after buying an additional 224 shares during the period. Foundry Partners LLC increased its stake in Altria Group by 19.6% in the third quarter. Foundry Partners LLC now owns 306,321 shares of the company’s stock worth $19,369,000 after buying an additional 50,096 shares during the last quarter. Independence Advisors LLC increased its stake in Altria Group by 53.3% in the third quarter. Independence Advisors LLC now owns 7,327 shares of the company’s stock worth $463,000 after buying an additional 2,546 shares during the last quarter. Bremer Trust National Association increased its stake in Altria Group by 1.0% in the third quarter. Bremer Trust National Association now owns 68,356 shares of the company’s stock worth $4,323,000 after buying an additional 665 shares during the last quarter. Finally, Stokes & Hubbell Capital Management LLC increased its stake in Altria Group by 2.8% in the third quarter. Stokes & Hubbell Capital Management LLC now owns 22,077 shares of the company’s stock worth $1,396,000 after buying an additional 610 shares during the last quarter. Hedge funds and other institutional investors own 60.77% of the company’s stock.
Altria Group Inc (NYSE:MO) traded up 0.08% during trading on Friday, reaching $71.47. The company’s stock had a trading volume of 6,814,877 shares. Altria Group Inc has a one year low of $60.19 and a one year high of $76.55. The firm has a market capitalization of $138.65 billion, a P/E ratio of 9.82 and a beta of 0.61. The stock has a 50-day moving average of $73.57 and a 200 day moving average of $68.74.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 10th. Investors of record on Wednesday, March 15th were issued a dividend of $0.61 per share. The ex-dividend date of this dividend was Monday, March 13th. This represents a $2.44 annualized dividend and a dividend yield of 3.41%. Altria Group’s payout ratio is 33.47%.
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Several analysts have weighed in on the company. Zacks Investment Research downgraded Altria Group from a “hold” rating to a “sell” rating in a research report on Wednesday, December 28th. Bank of America Corp upgraded Altria Group from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $70.00 to $75.00 in a research report on Wednesday, January 4th. Vetr cut Altria Group from a “hold” rating to a “sell” rating and set a $67.75 target price on the stock. in a research note on Monday, January 23rd. Berenberg Bank cut Altria Group from a “buy” rating to a “hold” rating and set a $76.00 target price on the stock. in a research note on Friday, February 3rd. Finally, Argus boosted their target price on Altria Group from $73.00 to $79.00 and gave the company a “buy” rating in a research note on Friday, February 3rd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $71.71.
Altria Group Company Profile
Altria Group, Inc is a holding company. The Company’s segments include smokeable products, smokeless products and wine. The Company’s subsidiaries include Philip Morris USA Inc (PM USA), which is engaged in the manufacture and sale of cigarettes in the United States; John Middleton Co (Middleton), which is engaged in the manufacture and sale of machine-made cigars and pipe tobacco, and UST LLC (UST), which, through its subsidiaries, including U.S.
