Altria Group, Inc. (NYSE:MO) Holdings Increased by Tyler Stone Wealth Management

Tyler Stone Wealth Management increased its stake in Altria Group, Inc. (NYSE:MO) by 8.6% in the 4th quarter, HoldingsChannel reports. The fund owned 78,986 shares of the company’s stock after acquiring an additional 6,282 shares during the period. Altria Group accounts for approximately 0.7% of Tyler Stone Wealth Management’s holdings, making the stock its 28th largest holding. Tyler Stone Wealth Management’s holdings in Altria Group were worth $4,130,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ausdal Financial Partners Inc. grew its holdings in Altria Group by 9.7% during the fourth quarter. Ausdal Financial Partners Inc. now owns 37,453 shares of the company’s stock worth $1,958,000 after acquiring an additional 3,321 shares during the period. Penobscot Investment Management Company Inc. boosted its position in shares of Altria Group by 5.9% during the 4th quarter. Penobscot Investment Management Company Inc. now owns 5,366 shares of the company’s stock valued at $281,000 after purchasing an additional 300 shares in the last quarter. Florida Financial Advisors LLC acquired a new position in shares of Altria Group in the 4th quarter worth approximately $205,000. Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Altria Group by 2.8% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 107,385 shares of the company’s stock worth $5,615,000 after purchasing an additional 2,960 shares in the last quarter. Finally, PKS Advisory Services LLC acquired a new stake in Altria Group during the fourth quarter valued at approximately $484,000. 57.41% of the stock is currently owned by institutional investors.

Altria Group Trading Down 1.6 %

Shares of MO stock opened at $56.73 on Wednesday. The company has a market capitalization of $95.91 billion, a price-to-earnings ratio of 8.66, a P/E/G ratio of 2.89 and a beta of 0.56. Altria Group, Inc. has a 1-year low of $40.65 and a 1-year high of $59.67. The stock’s fifty day simple moving average is $54.66 and its 200-day simple moving average is $53.51.

Altria Group (NYSE:MO) last released 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 negative return on equity of 258.72% and a net margin of 46.90%. On average, sell-side analysts predict that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 7.19%. The ex-dividend date of this dividend is Tuesday, March 25th. Altria Group’s dividend payout ratio is currently 62.29%.

Wall Street Analyst Weigh In

MO has been the topic of several research reports. Morgan Stanley dropped their price target on Altria Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Bank of America raised Altria Group from a “neutral” rating to a “buy” rating and upped their target price for the company 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 assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $53.29.

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.