Evermay Wealth Management LLC Sells 932 Shares of Altria Group, Inc. (NYSE:MO)

Evermay Wealth Management LLC reduced its position in Altria Group, Inc. (NYSE:MO) by 33.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,879 shares of the company’s stock after selling 932 shares during the quarter. Evermay Wealth Management LLC’s holdings in Altria Group were worth $83,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Patten & Patten Inc. TN raised its stake in Altria Group by 1.6% in the first quarter. Patten & Patten Inc. TN now owns 14,293 shares of the company’s stock valued at $623,000 after purchasing an additional 224 shares in the last quarter. Hazlett Burt & Watson Inc. raised its stake in Altria Group by 12.1% in the first quarter. Hazlett Burt & Watson Inc. now owns 2,150 shares of the company’s stock valued at $95,000 after purchasing an additional 232 shares in the last quarter. Janiczek Wealth Management LLC raised its stake in Altria Group by 7.0% in the first quarter. Janiczek Wealth Management LLC now owns 3,767 shares of the company’s stock valued at $168,000 after purchasing an additional 247 shares in the last quarter. Triumph Capital Management raised its stake in Altria Group by 1.6% in the first quarter. Triumph Capital Management now owns 15,696 shares of the company’s stock valued at $678,000 after purchasing an additional 250 shares in the last quarter. Finally, Carson Advisory Inc. raised its stake in Altria Group by 4.2% in the first quarter. Carson Advisory Inc. now owns 6,343 shares of the company’s stock valued at $277,000 after purchasing an additional 254 shares in the last quarter. 57.41% of the stock is owned by institutional investors.

Insider Transactions at Altria Group

In other news, VP Charles N. Whitaker sold 22,487 shares of Altria Group stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $43.95, for a total value of $988,303.65. Following the completion of the transaction, the vice president now owns 173,485 shares of the company’s stock, valued at approximately $7,624,665.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.09% of the stock is owned by insiders.

Altria Group Stock Up 0.8 %

Shares of MO stock traded up $0.38 during mid-day trading on Thursday, reaching $49.80. 10,340,479 shares of the company’s stock traded hands, compared to its average volume of 10,750,792. Altria Group, Inc. has a 12 month low of $39.06 and a 12 month high of $50.47. The company has a market cap of $85.54 billion, a P/E ratio of 10.42, a P/E/G ratio of 3.01 and a beta of 0.66. The company’s 50-day moving average price is $46.56 and its 200-day moving average price is $43.61.

Altria Group (NYSE:MO) last announced its earnings results on Thursday, April 25th. The company reported $1.15 EPS for the quarter, meeting analysts’ consensus estimates of $1.15. Altria Group had a net margin of 34.81% and a negative return on equity of 222.80%. The firm had revenue of $4.72 billion for the quarter, compared to analysts’ expectations of $4.71 billion. During the same quarter in the previous year, the business posted $1.18 EPS. The company’s quarterly revenue was down 1.0% on a year-over-year basis. Equities analysts predict that Altria Group, Inc. will post 5.11 earnings per share for the current year.

Altria Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Friday, June 14th were given a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 7.87%. The ex-dividend date of this dividend was Friday, June 14th. Altria Group’s dividend payout ratio is presently 82.01%.

Wall Street Analyst Weigh In

MO has been the topic of several research reports. UBS Group lifted their price target on shares of Altria Group from $36.10 to $36.50 and gave the stock a “sell” rating in a research note on Monday, April 8th. StockNews.com raised shares of Altria Group from a “hold” rating to a “buy” rating in a research note on Friday, June 28th. Argus raised shares of Altria Group to a “hold” rating in a research note on Friday, May 31st. Finally, Bank of America lifted their price target on shares of Altria Group from $47.00 to $48.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Altria Group currently has an average rating of “Hold” and an average price target of $47.10.

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.