TI Trust Inc. Sells 225 Shares of Altria Group, Inc. (NYSE:MO)

TI Trust Inc. lessened its position in Altria Group, Inc. (NYSE:MO) by 1.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 13,359 shares of the company’s stock after selling 225 shares during the period. TI Trust Inc.’s holdings in Altria Group were worth $699,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. True Wealth Design LLC increased its stake in Altria Group by 420.0% in the third quarter. True Wealth Design LLC now owns 572 shares of the company’s stock worth $29,000 after purchasing an additional 462 shares during the period. Legacy Investment Solutions LLC purchased a new position in Altria Group in the 3rd quarter worth about $34,000. Peterson Financial Group Inc. bought a new stake in Altria Group during the 3rd quarter valued at about $41,000. Fairman Group LLC boosted its position in Altria Group by 85.1% in the 3rd quarter. Fairman Group LLC now owns 892 shares of the company’s stock valued at $46,000 after buying an additional 410 shares during the period. Finally, IFS Advisors LLC grew its stake in Altria Group by 330.4% in the 4th quarter. IFS Advisors LLC now owns 977 shares of the company’s stock worth $51,000 after acquiring an additional 750 shares in the last quarter. 57.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted their price target 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. Bank of America upgraded Altria Group from a “neutral” rating to a “buy” rating and increased their price target for the company from $55.00 to $65.00 in a research note on Friday, December 6th. Morgan Stanley began coverage on Altria Group in a research note on Thursday, January 16th. They set an “equal weight” rating and a $54.00 price target on the stock. StockNews.com raised shares of Altria Group from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Finally, Stifel Nicolaus boosted their target price on shares of Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two equities research 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. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $53.43.

Altria Group Stock Up 1.6 %

Altria Group stock opened at $52.02 on Monday. The stock has a 50-day moving average price of $53.94 and a 200 day moving average price of $52.17. The company has a market capitalization of $88.17 billion, a price-to-earnings ratio of 8.79, a price-to-earnings-growth ratio of 2.67 and a beta of 0.64. Altria Group, Inc. has a 52 week low of $39.25 and a 52 week high of $58.03.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.35 by $0.03. The business had revenue of $6.26 billion during 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 business’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.28 EPS. Research analysts anticipate that Altria Group, Inc. will post 5.13 EPS for the current fiscal year.

Altria Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 26th were issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 7.84%. The ex-dividend date was Thursday, December 26th. Altria Group’s payout ratio is 68.92%.

Altria Group 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.