Glenview Trust co lowered its holdings in shares of Altria Group, Inc. (NYSE:MO – Free Report) 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 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.
Get Our Latest Research Report on Altria Group
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.
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