Twin City Private Wealth LLC Has $414,000 Stock Holdings in Altria Group, Inc. (NYSE:MO)

Twin City Private Wealth LLC cut its position in Altria Group, Inc. (NYSE:MO) by 7.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,775 shares of the company’s stock after selling 591 shares during the period. Twin City Private Wealth LLC’s holdings in Altria Group were worth $414,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. LPL Financial LLC raised its holdings in Altria Group by 11.9% in the fourth quarter. LPL Financial LLC now owns 3,128,789 shares of the company’s stock worth $163,604,000 after purchasing an additional 331,747 shares during the period. Samalin Investment Counsel LLC increased its position in shares of Altria Group by 2.2% during the fourth quarter. Samalin Investment Counsel LLC now owns 14,270 shares of the company’s stock worth $746,000 after acquiring an additional 303 shares in the last quarter. Blueprint Investment Partners LLC increased its position in shares of Altria Group by 115.5% during the fourth quarter. Blueprint Investment Partners LLC now owns 13,115 shares of the company’s stock worth $686,000 after acquiring an additional 7,030 shares in the last quarter. Mosley Wealth Management increased its position in shares of Altria Group by 7.6% during the fourth quarter. Mosley Wealth Management now owns 12,574 shares of the company’s stock worth $662,000 after acquiring an additional 892 shares in the last quarter. Finally, Guardian Partners Inc. bought a new stake in shares of Altria Group during the fourth quarter worth $489,000. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Bank of America raised shares of Altria Group from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $55.00 to $65.00 in a research report on Friday, December 6th. Morgan Stanley lowered their price objective 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. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $53.29.

Altria Group Trading Down 1.1 %

Altria Group stock opened at $57.46 on Monday. The company has a market cap of $97.14 billion, a P/E ratio of 8.77, a price-to-earnings-growth ratio of 2.89 and a beta of 0.56. Altria Group, Inc. has a 1-year low of $40.65 and a 1-year high of $59.67. The company has a fifty day simple moving average of $54.42 and a 200 day simple moving average of $53.46.

Altria Group (NYSE:MO) last released its earnings results on Thursday, January 30th. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.01. Altria Group had a net margin of 46.90% and a negative return on equity of 258.72%. On average, equities research analysts forecast that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, March 25th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 7.10%. The ex-dividend date of this dividend is Tuesday, March 25th. Altria Group’s dividend payout ratio (DPR) is presently 62.29%.

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.