Altria Group, Inc. (NYSE:MO) Shares Sold by Wealth Dimensions Group Ltd.

Wealth Dimensions Group Ltd. lessened its stake in Altria Group, Inc. (NYSE:MO) by 11.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,145 shares of the company’s stock after selling 1,089 shares during the quarter. Wealth Dimensions Group Ltd.’s holdings in Altria Group were worth $426,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in MO. Truvestments Capital LLC lifted its position in Altria Group by 4.3% in the fourth quarter. Truvestments Capital LLC now owns 4,581 shares of the company’s stock worth $240,000 after purchasing an additional 190 shares during the period. Enterprise Financial Services Corp boosted its position in shares of Altria Group by 4.0% in the 4th quarter. Enterprise Financial Services Corp now owns 5,052 shares of the company’s stock valued at $264,000 after purchasing an additional 194 shares during the period. Horst & Graben Wealth Management LLC increased its position in shares of Altria Group by 1.5% in the fourth quarter. Horst & Graben Wealth Management LLC now owns 13,015 shares of the company’s stock worth $681,000 after acquiring an additional 198 shares in the last quarter. Fragasso Financial Advisors Inc grew its position in Altria Group by 3.3% during the 4th quarter. Fragasso Financial Advisors Inc now owns 6,302 shares of the company’s stock worth $330,000 after purchasing an additional 199 shares in the last quarter. Finally, First Citizens Financial Corp grew its holdings in shares of Altria Group by 4.8% during the fourth quarter. First Citizens Financial Corp now owns 4,402 shares of the company’s stock valued at $230,000 after buying an additional 200 shares in the last quarter. 57.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MO has been the topic of several research reports. UBS Group upped their price objective on shares of Altria Group from $42.00 to $46.00 and gave the company a “sell” rating in a research note on Tuesday, April 1st. Deutsche Bank Aktiengesellschaft set a $60.00 price target on Altria Group in a research note on Tuesday, April 1st. Finally, Morgan Stanley dropped their target price 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 equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $54.00.

Altria Group Trading Up 1.5 %

MO stock opened at $58.13 on Monday. The business’s 50 day moving average is $56.68 and its 200-day moving average is $54.30. Altria Group, Inc. has a 1-year low of $42.02 and a 1-year high of $60.18. The firm has a market cap of $98.27 billion, a P/E ratio of 8.87, a P/E/G ratio of 2.89 and a beta of 0.54.

Altria Group (NYSE:MO) last announced its earnings results on Thursday, January 30th. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.28 by $0.01. Altria Group had a negative return on equity of 258.72% and a net margin of 46.90%. Sell-side analysts forecast that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, March 25th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 7.02%. The ex-dividend date of this dividend is Tuesday, March 25th. Altria Group’s dividend payout ratio is currently 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.