Altria Group, Inc. (NYSE:MO) Shares Sold by Schrum Private Wealth Management LLC

Schrum Private Wealth Management LLC decreased its holdings in Altria Group, Inc. (NYSE:MO) by 49.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Aviance Capital Partners LLC increased its holdings in Altria Group by 0.5% in the third quarter. Aviance Capital Partners LLC now owns 40,362 shares of the company’s stock valued at $2,060,000 after purchasing an additional 191 shares during the last quarter. Horst & Graben Wealth Management LLC grew its position in shares of Altria Group by 1.5% during the 4th quarter. Horst & Graben Wealth Management LLC now owns 13,015 shares of the company’s stock worth $681,000 after buying an additional 198 shares during the period. Fragasso Financial Advisors Inc increased its stake in shares of Altria Group by 3.3% in the 4th quarter. Fragasso Financial Advisors Inc now owns 6,302 shares of the company’s stock valued at $330,000 after acquiring an additional 199 shares during the last quarter. Ridgecrest Wealth Partners LLC increased its stake in shares of Altria Group by 3.5% in the 3rd quarter. Ridgecrest Wealth Partners LLC now owns 5,851 shares of the company’s stock valued at $299,000 after acquiring an additional 200 shares during the last quarter. Finally, First Citizens Financial Corp raised its position in shares of Altria Group by 4.8% in the 4th quarter. First Citizens Financial Corp now owns 4,402 shares of the company’s stock valued at $230,000 after acquiring an additional 200 shares during the period. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Altria Group Stock Down 0.6 %

NYSE MO opened at $55.95 on Thursday. The company has a market cap of $94.60 billion, a PE ratio of 8.54, a price-to-earnings-growth ratio of 2.89 and a beta of 0.64. The firm’s 50-day simple moving average is $52.95 and its two-hundred day simple moving average is $53.01. Altria Group, Inc. has a 52 week low of $40.65 and a 52 week high of $58.59.

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

Altria Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, March 25th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 7.29%. The ex-dividend date is Tuesday, March 25th. Altria Group’s dividend payout ratio is currently 62.29%.

Analyst Ratings Changes

MO has been the topic of several research analyst reports. Barclays raised their price objective on Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Morgan Stanley lowered their target price on Altria Group from $54.00 to $53.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Finally, Bank of America raised 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 research note on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $53.29.

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.