Baldwin Wealth Partners LLC MA Reduces Position in Altria Group, Inc. (NYSE:MO)

Baldwin Wealth Partners LLC MA decreased its stake in shares of Altria Group, Inc. (NYSE:MOFree Report) by 6.1% during the fourth quarter, HoldingsChannel reports. The firm owned 54,366 shares of the company’s stock after selling 3,557 shares during the quarter. Baldwin Wealth Partners LLC MA’s holdings in Altria Group were worth $2,843,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in MO. American Century Companies Inc. raised its stake in shares of Altria Group by 163.6% in the second quarter. American Century Companies Inc. now owns 50,862 shares of the company’s stock worth $2,317,000 after purchasing an additional 31,568 shares during the last quarter. Public Sector Pension Investment Board increased its holdings in Altria Group by 68.5% in the 2nd quarter. Public Sector Pension Investment Board now owns 66,030 shares of the company’s stock worth $3,008,000 after buying an additional 26,853 shares during the period. Oliver Lagore Vanvalin Investment Group raised its position in Altria Group by 41.8% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 1,798 shares of the company’s stock worth $82,000 after buying an additional 530 shares during the last quarter. Ascent Group LLC lifted its stake in Altria Group by 2.3% during the 2nd quarter. Ascent Group LLC now owns 88,098 shares of the company’s stock valued at $4,013,000 after acquiring an additional 1,958 shares during the period. Finally, Algert Global LLC lifted its stake in Altria Group by 32.0% during the 2nd quarter. Algert Global LLC now owns 9,600 shares of the company’s stock valued at $437,000 after acquiring an additional 2,330 shares during the period. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Altria Group Trading Up 2.4 %

Shares of MO stock opened at $53.28 on Monday. Altria Group, Inc. has a 12-month low of $39.25 and a 12-month high of $58.03. The business’s 50 day moving average is $53.94 and its two-hundred day moving average is $52.21. The company has a market capitalization of $90.31 billion, a P/E ratio of 8.99, a P/E/G ratio of 2.67 and a beta of 0.64.

Altria Group (NYSE:MOGet Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.03. The firm had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $5.33 billion. Altria Group had a net margin of 42.82% and a negative return on equity of 233.80%. The firm’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.28 EPS. On average, research analysts predict that Altria Group, Inc. will post 5.13 earnings per share for the current fiscal year.

Altria Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 26th were given a dividend of $1.02 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $4.08 annualized dividend and a dividend yield of 7.66%. Altria Group’s dividend payout ratio (DPR) is presently 68.92%.

Wall Street Analyst Weigh In

MO has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Stifel Nicolaus lifted their price objective on Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Bank of America upgraded Altria Group from a “neutral” rating to a “buy” rating and upped their target price for the stock from $55.00 to $65.00 in a research note on Friday, December 6th. Morgan Stanley started coverage on Altria Group in a research report on Thursday, January 16th. They set an “equal weight” rating and a $54.00 price target for the company. Finally, StockNews.com upgraded Altria Group from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. 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’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $53.43.

Check Out Our Latest Stock Analysis on Altria Group

About Altria Group

(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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