Altria Group, Inc. (NYSE:MO) Shares Sold by Harbour Trust & Investment Management Co

Harbour Trust & Investment Management Co cut its stake in Altria Group, Inc. (NYSE:MO) by 4.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,467 shares of the company’s stock after selling 280 shares during the quarter. Harbour Trust & Investment Management Co’s holdings in Altria Group were worth $338,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Financial Life Planners purchased a new position in Altria Group in the fourth quarter valued at $25,000. True Wealth Design LLC increased its stake in shares of 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 in the last quarter. Legacy Investment Solutions LLC purchased a new position in Altria Group during the third quarter worth approximately $34,000. Peterson Financial Group Inc. acquired a new stake in Altria Group in the third quarter valued at approximately $41,000. Finally, Fairman Group LLC increased its position in shares of Altria Group by 85.1% in the third quarter. Fairman Group LLC now owns 892 shares of the company’s stock valued at $46,000 after buying an additional 410 shares in the last quarter. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on MO shares. StockNews.com raised shares of Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Barclays upped 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. Deutsche Bank Aktiengesellschaft raised their target price on Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Bank of America raised Altria Group from a “neutral” rating to a “buy” rating and increased their price objective for the company from $55.00 to $65.00 in a research note on Friday, December 6th. Finally, Stifel Nicolaus lifted their target price on shares of Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $53.29.

Altria Group Stock Up 0.0 %

MO stock opened at $52.65 on Monday. The stock has a market cap of $89.24 billion, a price-to-earnings ratio of 8.04, a price-to-earnings-growth ratio of 2.80 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. The business has a fifty day moving average of $53.09 and a two-hundred day moving average of $52.47.

Altria Group (NYSE:MO) last posted its earnings results on Thursday, January 30th. The company reported $1.29 earnings per share 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 anticipate that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 26th were given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 7.75%. The ex-dividend date of this dividend was Thursday, December 26th. Altria Group’s dividend payout ratio is presently 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.