AlTi Global Inc. Reduces Holdings in Altria Group, Inc. (NYSE:MO)

AlTi Global Inc. trimmed its position in shares of Altria Group, Inc. (NYSE:MO - Free Report) by 9.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 162,347 shares of the company's stock after selling 17,668 shares during the quarter. AlTi Global Inc.'s holdings in Altria Group were worth $8,465,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of MO. Meiji Yasuda Life Insurance Co boosted its stake in Altria Group by 13.5% during the 4th quarter. Meiji Yasuda Life Insurance Co now owns 15,584 shares of the company's stock worth $815,000 after acquiring an additional 1,850 shares during the last quarter. DoubleLine ETF Adviser LP raised its position in shares of Altria Group by 2.6% during the fourth quarter. DoubleLine ETF Adviser LP now owns 85,105 shares of the company's stock worth $4,450,000 after purchasing an additional 2,184 shares during the period. Hutner Capital Management Inc. lifted its holdings in shares of Altria Group by 3.5% during the 4th quarter. Hutner Capital Management Inc. now owns 102,852 shares of the company's stock valued at $5,378,000 after purchasing an additional 3,504 shares in the last quarter. South Plains Financial Inc. acquired a new position in shares of Altria Group in the 4th quarter valued at approximately $225,000. Finally, Itau Unibanco Holding S.A. raised its holdings in Altria Group by 239.3% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,408 shares of the company's stock worth $74,000 after buying an additional 993 shares during the period. Institutional investors and hedge funds own 57.41% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. UBS Group boosted their price objective on shares of Altria Group from $46.00 to $47.00 and gave the company a "sell" rating in a research report on Wednesday, April 30th. StockNews.com cut Altria Group from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. Citigroup raised their price target on shares of Altria Group from $52.00 to $55.00 and gave the stock a "neutral" rating in a research note on Friday, April 25th. Stifel Nicolaus increased their target price on shares of Altria Group from $60.00 to $63.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Finally, Morgan Stanley cut their price target on shares of Altria Group from $54.00 to $53.00 and set an "equal weight" rating on the stock in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Altria Group currently has an average rating of "Hold" and an average target price of $56.00.

Altria Group Stock Performance

MO traded up $0.64 during midday trading on Tuesday, reaching $60.51. The company had a trading volume of 6,455,685 shares, compared to its average volume of 8,767,818. The business has a 50-day moving average price of $57.71 and a two-hundred day moving average price of $54.99. Altria Group, Inc. has a 12-month low of $43.44 and a 12-month high of $60.61. The stock has a market cap of $101.93 billion, a PE ratio of 9.24, a P/E/G ratio of 2.89 and a beta of 0.60.

Altria Group (NYSE:MO - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $1.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.19 by $0.04. Altria Group had a negative return on equity of 258.72% and a net margin of 46.90%. The company had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.64 billion. During the same period in the previous year, the company posted $1.15 EPS. The firm's revenue for the quarter was down 4.2% compared to the same quarter last year. On average, research analysts anticipate that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Tuesday, March 25th were given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 6.74%. The ex-dividend date was Tuesday, March 25th. Altria Group's dividend payout ratio (DPR) is currently 68.34%.

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.