Schrum Private Wealth Management LLC Trims Position in Altria Group, Inc. (NYSE:MO)

Schrum Private Wealth Management LLC trimmed its position in Altria Group, Inc. (NYSE:MO) by 49.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,880 shares of the company’s stock after selling 5,664 shares during the period. Schrum Private Wealth Management LLC’s holdings in Altria Group were worth $307,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Financial Life Planners purchased a new stake in Altria Group in the 4th quarter worth approximately $25,000. True Wealth Design LLC boosted its position in shares of Altria Group by 420.0% in the third quarter. True Wealth Design LLC now owns 572 shares of the company’s stock worth $29,000 after purchasing an additional 462 shares during the period. Marshall Investment Management LLC purchased a new stake in shares of Altria Group in the fourth quarter worth $32,000. Promus Capital LLC bought a new stake in shares of Altria Group during the 4th quarter valued at $33,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Altria Group during the 3rd quarter valued at $34,000. 57.41% of the stock is currently owned by institutional investors.

Altria Group Trading Down 0.6 %

Altria Group stock opened at $55.95 on Thursday. The company has a 50-day moving average price of $52.95 and a 200 day moving average price of $53.01. Altria Group, Inc. has a 12-month low of $40.65 and a 12-month high of $58.59. The stock has a market cap of $94.60 billion, a P/E ratio of 8.54, a PEG ratio of 2.89 and a beta of 0.64.

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

Altria Group Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $4.08 annualized dividend and a dividend yield of 7.29%. Altria Group’s dividend payout ratio (DPR) is 62.29%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on MO shares. Barclays increased their price objective on shares of Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Morgan Stanley dropped their target price on shares of 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. Finally, Bank of America upgraded shares of Altria Group from a “neutral” rating to a “buy” rating and lifted their price target 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 issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $53.29.

About Altria Group

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.