Atria Investments Inc Has $5.73 Million Holdings in Altria Group, Inc. (NYSE:MO)

Atria Investments Inc lessened its holdings in Altria Group, Inc. (NYSE:MO) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 109,565 shares of the company’s stock after selling 1,716 shares during the period. Atria Investments Inc’s holdings in Altria Group were worth $5,729,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Financial Life Planners bought a new position in Altria Group in the 4th quarter worth $25,000. True Wealth Design LLC raised its holdings in Altria Group by 420.0% in the 3rd quarter. True Wealth Design LLC now owns 572 shares of the company’s stock worth $29,000 after acquiring an additional 462 shares during the period. Marshall Investment Management LLC bought a new position in Altria Group in the 4th quarter worth $32,000. Legacy Investment Solutions LLC bought a new position in Altria Group in the 3rd quarter worth $34,000. Finally, Kestra Investment Management LLC bought a new position in Altria Group in the 4th quarter worth $40,000. Institutional investors and hedge funds own 57.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MO. Bank of America upgraded shares of Altria Group from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $55.00 to $65.00 in a report on Friday, December 6th. Morgan Stanley dropped their price objective on shares of Altria Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $53.29.

Altria Group Stock Performance

NYSE:MO opened at $57.13 on Friday. The firm’s 50-day moving average is $53.04 and its 200-day moving average is $53.04. Altria Group, Inc. has a 52-week low of $40.65 and a 52-week high of $58.59. The company has a market cap of $96.59 billion, a price-to-earnings ratio of 8.72, a PEG ratio of 2.89 and a beta of 0.64.

Altria Group (NYSE:MO) last posted 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%. Equities analysts predict that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, March 25th will be paid a $1.02 dividend. The ex-dividend date is Tuesday, March 25th. This represents a $4.08 dividend on an annualized basis and a yield of 7.14%. Altria Group’s payout ratio is currently 62.29%.

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.