Legacy Private Trust Co. Takes Position in Altria Group, Inc. (NYSE:MO)

Legacy Private Trust Co. bought a new position in Altria Group, Inc. (NYSE:MO - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,787 shares of the company's stock, valued at approximately $1,128,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Truvestments Capital LLC lifted its position in Altria Group by 4.3% during the fourth quarter. Truvestments Capital LLC now owns 4,581 shares of the company's stock worth $240,000 after acquiring an additional 190 shares during the last quarter. Enterprise Financial Services Corp boosted its position in Altria Group by 4.0% during the fourth quarter. Enterprise Financial Services Corp now owns 5,052 shares of the company's stock valued at $264,000 after acquiring an additional 194 shares during the last quarter. Horst & Graben Wealth Management LLC boosted its position in shares of Altria Group by 1.5% during the 4th quarter. Horst & Graben Wealth Management LLC now owns 13,015 shares of the company's stock worth $681,000 after purchasing an additional 198 shares in the last quarter. Asset Dedication LLC increased its stake in Altria Group by 27.7% in the 4th quarter. Asset Dedication LLC now owns 921 shares of the company's stock valued at $48,000 after buying an additional 200 shares during the last quarter. Finally, CMG Global Holdings LLC increased its stake in shares of Altria Group by 0.6% during the 4th quarter. CMG Global Holdings LLC now owns 35,349 shares of the company's stock worth $1,796,000 after purchasing an additional 202 shares during the last quarter. Hedge funds and other institutional investors own 57.41% of the company's stock.

Altria Group Trading Down 1.0%

Shares of Altria Group stock traded down $0.58 during trading hours on Tuesday, reaching $60.05. 2,278,207 shares of the company's stock were exchanged, compared to its average volume of 8,623,165. Altria Group, Inc. has a fifty-two week low of $43.83 and a fifty-two week high of $61.26. The company has a 50 day moving average of $58.40 and a two-hundred day moving average of $55.92. The stock has a market cap of $101.15 billion, a P/E ratio of 9.17, a P/E/G ratio of 2.89 and a beta of 0.60.

Altria Group (NYSE:MO - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $1.23 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.64 billion. During the same period in the prior year, the business posted $1.15 earnings per share. The company's quarterly revenue was down 4.2% compared to the same quarter last year. As a group, analysts expect that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Monday, June 16th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 6.79%. The ex-dividend date is Monday, June 16th. Altria Group's payout ratio is currently 68.34%.

Analyst Ratings Changes

MO has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft set a $60.00 price objective on shares of Altria Group in a report on Tuesday, April 1st. Citigroup increased their price target on shares of Altria Group from $52.00 to $55.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. Wall Street Zen downgraded shares of Altria Group from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. UBS Group upped their price target on shares of Altria Group from $46.00 to $47.00 and gave the company a "sell" rating in a research note on Wednesday, April 30th. Finally, Stifel Nicolaus lifted their target price on shares of Altria Group from $60.00 to $63.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Altria Group presently has a consensus rating of "Hold" and an average price target of $56.00.

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.