Altria Group, Inc. (NYSE:MO) Shares Sold by UMB Bank n.a.

UMB Bank n.a. trimmed its stake in shares of Altria Group, Inc. (NYSE:MOFree Report) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,805 shares of the company’s stock after selling 647 shares during the period. UMB Bank n.a.’s holdings in Altria Group were worth $3,986,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Colonial River Wealth Management LLC grew its holdings in Altria Group by 23.8% during the fourth quarter. Colonial River Wealth Management LLC now owns 36,234 shares of the company’s stock worth $1,462,000 after acquiring an additional 6,961 shares during the period. Benchmark Financial Wealth Advisors LLC grew its holdings in Altria Group by 14.7% during the fourth quarter. Benchmark Financial Wealth Advisors LLC now owns 7,994 shares of the company’s stock worth $322,000 after acquiring an additional 1,027 shares during the period. Black Swift Group LLC purchased a new position in Altria Group during the fourth quarter worth approximately $631,000. Oak Thistle LLC boosted its position in Altria Group by 124.0% during the fourth quarter. Oak Thistle LLC now owns 63,867 shares of the company’s stock worth $2,576,000 after purchasing an additional 35,357 shares in the last quarter. Finally, First Citizens Bank & Trust Co. boosted its position in Altria Group by 12.1% during the fourth quarter. First Citizens Bank & Trust Co. now owns 5,856 shares of the company’s stock worth $236,000 after purchasing an additional 630 shares in the last quarter. 57.41% of the stock is owned by institutional investors and hedge funds.

Altria Group Stock Down 0.7 %

MO stock opened at $42.93 on Wednesday. The business has a fifty day moving average of $41.64 and a two-hundred day moving average of $41.50. The stock has a market cap of $75.71 billion, a price-to-earnings ratio of 9.39, a price-to-earnings-growth ratio of 2.60 and a beta of 0.65. Altria Group, Inc. has a 52-week low of $39.06 and a 52-week high of $48.04.

Altria Group (NYSE:MOGet Free Report) last posted its earnings results on Thursday, February 1st. The company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.01. The company had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $5.06 billion. Altria Group had a negative return on equity of 244.55% and a net margin of 33.21%. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.18 earnings per share. As a group, sell-side analysts anticipate that Altria Group, Inc. will post 5.08 EPS for the current year.

Altria Group announced that its Board of Directors has authorized a share buyback plan on Thursday, February 1st that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to purchase up to 1.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Altria Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, March 25th will be paid a $0.98 dividend. The ex-dividend date is Friday, March 22nd. This represents a $3.92 dividend on an annualized basis and a dividend yield of 9.13%. Altria Group’s payout ratio is presently 85.78%.

Analysts Set New Price Targets

MO has been the topic of a number of recent analyst reports. UBS Group reiterated a “sell” rating and set a $36.10 price target on shares of Altria Group in a research report on Tuesday, January 23rd. StockNews.com upgraded Altria Group from a “hold” rating to a “buy” rating in a research report on Wednesday, March 27th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $50.00 price target on shares of Altria Group in a research report on Monday, March 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $46.82.

View Our Latest Research Report on Altria Group

Altria Group Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Altria Group (NYSE:MO)

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