TD Private Client Wealth LLC Reduces Holdings in Altria Group, Inc. (NYSE:MO)

TD Private Client Wealth LLC reduced its stake in shares of Altria Group, Inc. (NYSE:MO) by 12.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,266 shares of the company’s stock after selling 892 shares during the quarter. TD Private Client Wealth LLC’s holdings in Altria Group were worth $328,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MO. State Street Corp boosted its holdings in shares of Altria Group by 5.6% in the third quarter. State Street Corp now owns 73,481,686 shares of the company’s stock valued at $3,821,831,000 after acquiring an additional 3,910,738 shares during the period. Charles Schwab Investment Management Inc. raised its position in Altria Group by 4.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 59,805,286 shares of the company’s stock valued at $3,127,218,000 after purchasing an additional 2,296,972 shares during the last quarter. Geode Capital Management LLC boosted its stake in Altria Group by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 40,803,759 shares of the company’s stock worth $2,079,919,000 after purchasing an additional 1,003,605 shares during the period. Victory Capital Management Inc. grew its position in Altria Group by 2.1% during the 4th quarter. Victory Capital Management Inc. now owns 4,488,007 shares of the company’s stock worth $234,678,000 after purchasing an additional 93,121 shares during the last quarter. Finally, National Pension Service increased its stake in Altria Group by 4.9% in the fourth quarter. National Pension Service now owns 4,232,359 shares of the company’s stock valued at $221,310,000 after purchasing an additional 197,945 shares during the period. 57.41% of the stock is owned by hedge funds and other institutional investors.

Altria Group Trading Up 0.0 %

NYSE MO opened at $57.62 on Tuesday. The business’s 50 day moving average is $54.56 and its two-hundred day moving average is $53.48. The stock has a market capitalization of $97.41 billion, a price-to-earnings ratio of 8.80, a PEG ratio of 2.89 and a beta of 0.56. Altria Group, Inc. has a 12-month low of $40.65 and a 12-month high of $59.67.

Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, January 30th. The company reported $1.29 earnings per share (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%. Equities analysts forecast 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 issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 7.08%. The ex-dividend date of this dividend is Tuesday, March 25th. Altria Group’s dividend payout ratio is currently 62.29%.

Wall Street Analysts Forecast Growth

MO has been the subject of several recent research reports. Bank of America upgraded shares of Altria Group from a “neutral” rating to a “buy” rating and increased their target price for the stock from $55.00 to $65.00 in a research note on Friday, December 6th. Morgan Stanley decreased their price objective on Altria Group from $54.00 to $53.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Altria Group currently has an average rating of “Hold” and an average target price of $53.29.

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.