Altria Group, Inc. (NYSE:MO) Shares Sold by Tidal Investments LLC

Tidal Investments LLC lessened its stake in Altria Group, Inc. (NYSE:MO - Free Report) by 9.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 197,341 shares of the company's stock after selling 21,462 shares during the period. Tidal Investments LLC's holdings in Altria Group were worth $10,319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Financial Life Planners acquired a new position in Altria Group in the fourth quarter valued at $25,000. Redwood Park Advisors LLC acquired a new position in Altria Group in the fourth quarter valued at $26,000. VSM Wealth Advisory LLC acquired a new position in Altria Group in the fourth quarter valued at $29,000. Marshall Investment Management LLC acquired a new position in Altria Group in the fourth quarter valued at $32,000. Finally, Promus Capital LLC acquired a new position in Altria Group in the fourth quarter valued at $33,000. Institutional investors and hedge funds own 57.41% of the company's stock.

Altria Group Stock Up 0.9%

Shares of NYSE:MO opened at $59.44 on Tuesday. The company has a market cap of $100.12 billion, a P/E ratio of 9.07, a PEG ratio of 2.89 and a beta of 0.60. Altria Group, Inc. has a 52 week low of $43.83 and a 52 week high of $61.26. The company has a 50-day moving average price of $58.05 and a 200 day moving average price of $55.55.

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

Altria Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Monday, June 16th will be given a $1.02 dividend. The ex-dividend date is Monday, June 16th. This represents a $4.08 dividend on an annualized basis and a yield of 6.86%. Altria Group's payout ratio is currently 68.34%.

Analysts Set New Price Targets

Several equities analysts have issued reports on MO shares. Morgan Stanley decreased their price objective on shares of Altria Group from $54.00 to $53.00 and set an "equal weight" rating for the company in a research note on Friday, January 31st. Citigroup increased their target price 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. Deutsche Bank Aktiengesellschaft set a $60.00 target price on shares of Altria Group in a research note on Tuesday, April 1st. StockNews.com downgraded shares of Altria Group from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. Finally, UBS Group increased their target price on shares of Altria Group from $46.00 to $47.00 and gave the stock a "sell" rating in a research note on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $56.00.

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.

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