Altria Group, Inc. (NYSE:MO) Shares Sold by TrinityPoint Wealth LLC

TrinityPoint Wealth LLC lessened its stake in Altria Group, Inc. (NYSE:MO) by 27.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,301 shares of the company’s stock after selling 2,046 shares during the quarter. TrinityPoint Wealth LLC’s holdings in Altria Group were worth $271,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MFA Wealth Advisors LLC purchased a new position in Altria Group in the second quarter valued at about $27,000. Hobbs Group Advisors LLC acquired a new position in shares of Altria Group in the 2nd quarter valued at approximately $30,000. Valley Wealth Managers Inc. boosted its stake in shares of Altria Group by 63.9% during the 2nd quarter. Valley Wealth Managers Inc. now owns 667 shares of the company’s stock valued at $30,000 after buying an additional 260 shares during the last quarter. Peterson Financial Group Inc. acquired a new stake in shares of Altria Group during the third quarter worth approximately $41,000. Finally, Fairman Group LLC increased its stake in shares of Altria Group by 85.1% in the third quarter. Fairman Group LLC now owns 892 shares of the company’s stock worth $46,000 after buying an additional 410 shares during the last quarter. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Altria Group Trading Up 0.7 %

NYSE:MO opened at $56.34 on Tuesday. Altria Group, Inc. has a 52 week low of $39.25 and a 52 week high of $56.55. The stock has a 50 day moving average of $51.63 and a 200-day moving average of $49.38. The firm has a market capitalization of $95.49 billion, a PE ratio of 9.52, a price-to-earnings-growth ratio of 3.18 and a beta of 0.64.

Altria Group (NYSE:MO) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.03. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $5.33 billion. During the same period in the previous year, the firm posted $1.28 earnings per share. The business’s revenue was up 18.6% on a year-over-year basis. As a group, analysts predict that Altria Group, Inc. will post 5.11 EPS for the current fiscal year.

Altria Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Monday, September 16th were issued a $1.02 dividend. The ex-dividend date was Monday, September 16th. This is a boost from Altria Group’s previous quarterly dividend of $0.98. This represents a $4.08 annualized dividend and a dividend yield of 7.24%. Altria Group’s dividend payout ratio (DPR) is 68.92%.

Analysts Set New Price Targets

A number of research firms have commented on MO. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. UBS Group increased their price target on shares of Altria Group from $39.00 to $41.00 and gave the stock a “sell” rating in a research report on Monday, September 9th. Bank of America lowered their price objective on Altria Group from $57.00 to $53.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. Citigroup increased their target price on Altria Group from $44.50 to $48.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Finally, StockNews.com upgraded Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $51.33.

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.