Haverford Trust Co Has $2.94 Million Stake in Altria Group, Inc. (NYSE:MO)

Haverford Trust Co lowered its stake in shares of Altria Group, Inc. (NYSE:MO) by 3.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 56,190 shares of the company’s stock after selling 2,257 shares during the period. Haverford Trust Co’s holdings in Altria Group were worth $2,938,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Financial Life Planners bought a new position in Altria Group in the fourth quarter worth $25,000. True Wealth Design LLC lifted its holdings in shares of Altria Group by 420.0% during 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. VSM Wealth Advisory LLC acquired a new stake in shares of Altria Group during the 4th quarter valued at about $29,000. Marshall Investment Management LLC acquired a new stake in shares of Altria Group during the 4th quarter valued at about $32,000. Finally, Promus Capital LLC bought a new stake in Altria Group in the fourth quarter valued at about $33,000. Institutional investors own 57.41% of the company’s stock.

Altria Group Stock Up 0.0 %

Shares of NYSE:MO opened at $57.62 on Tuesday. The company’s 50-day moving average price is $54.56 and its two-hundred day moving average price is $53.48. Altria Group, Inc. has a 12 month low of $40.65 and a 12 month high of $59.67. The firm has a market cap of $97.41 billion, a P/E ratio of 8.80, a P/E/G ratio of 2.89 and a beta of 0.56.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Thursday, January 30th. The company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.01. Altria Group had a negative return on equity of 258.72% and a net margin of 46.90%. As a group, equities analysts predict that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, March 25th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 7.08%. Altria Group’s dividend payout ratio (DPR) is presently 62.29%.

Analyst Ratings Changes

Several brokerages recently commented on MO. Morgan Stanley decreased their price target on Altria Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Bank of America raised shares of Altria Group from a “neutral” rating to a “buy” rating and upped their target price for the stock from $55.00 to $65.00 in a report on Friday, December 6th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average 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.