Glenview Trust co Sells 6,156 Shares of Altria Group, Inc. (NYSE:MO)

Glenview Trust co lowered its holdings in shares of Altria Group, Inc. (NYSE:MO) by 8.8% in the fourth quarter, HoldingsChannel reports. The firm owned 63,903 shares of the company’s stock after selling 6,156 shares during the period. Glenview Trust co’s holdings in Altria Group were worth $3,341,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of MO. Harbour Investments Inc. raised its holdings in Altria Group by 2.2% in the 4th quarter. Harbour Investments Inc. now owns 50,540 shares of the company’s stock valued at $2,643,000 after acquiring an additional 1,112 shares during the period. CBIZ Investment Advisory Services LLC lifted its position in shares of Altria Group by 895.7% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 697 shares of the company’s stock valued at $36,000 after acquiring an additional 627 shares during the period. one8zero8 LLC acquired a new stake in Altria Group during the fourth quarter worth about $1,682,000. Choate Investment Advisors increased its stake in Altria Group by 64.7% in the fourth quarter. Choate Investment Advisors now owns 12,389 shares of the company’s stock valued at $648,000 after acquiring an additional 4,869 shares during the last quarter. Finally, Natixis Advisors LLC raised its holdings in shares of Altria Group by 19.3% during the 4th quarter. Natixis Advisors LLC now owns 947,121 shares of the company’s stock worth $49,525,000 after buying an additional 152,945 shares in the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Stock Performance

Altria Group stock opened at $58.97 on Monday. The stock has a market cap of $99.70 billion, a PE ratio of 9.00, a price-to-earnings-growth ratio of 2.89 and a beta of 0.56. The firm’s 50-day simple moving average is $53.75 and its 200 day simple moving average is $53.31. Altria Group, Inc. has a fifty-two week low of $40.65 and a fifty-two week high of $59.67.

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, beating analysts’ consensus estimates of $1.28 by $0.01. Altria Group had a negative return on equity of 258.72% and a net margin of 46.90%. As a group, analysts predict that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.

Altria Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, March 25th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 6.92%. The ex-dividend date is Tuesday, March 25th. Altria Group’s payout ratio is 62.29%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Morgan Stanley dropped their target price on Altria Group from $54.00 to $53.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Bank of America raised Altria Group from a “neutral” rating to a “buy” rating and upped their price target for the stock from $55.00 to $65.00 in a research note on Friday, December 6th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $53.29.

Altria Group 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.