Mutual of America Capital Management LLC Sells 5,941 Shares of Altria Group, Inc. (NYSE:MO)

Mutual of America Capital Management LLC trimmed its position in Altria Group, Inc. (NYSE:MO - Free Report) by 2.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 196,805 shares of the company's stock after selling 5,941 shares during the quarter. Mutual of America Capital Management LLC's holdings in Altria Group were worth $11,812,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its position in Altria Group by 64.7% in the fourth quarter. Brighton Jones LLC now owns 17,702 shares of the company's stock worth $926,000 after buying an additional 6,954 shares during the last quarter. Proficio Capital Partners LLC increased its stake in shares of Altria Group by 32.3% during the fourth quarter. Proficio Capital Partners LLC now owns 5,670 shares of the company's stock valued at $296,000 after buying an additional 1,385 shares during the period. Associated Banc Corp increased its stake in shares of Altria Group by 1.8% during the fourth quarter. Associated Banc Corp now owns 47,433 shares of the company's stock valued at $2,480,000 after buying an additional 841 shares during the period. Catalyst Funds Management Pty Ltd grew its stake in Altria Group by 74.4% in the fourth quarter. Catalyst Funds Management Pty Ltd now owns 13,600 shares of the company's stock valued at $711,000 after purchasing an additional 5,800 shares during the last quarter. Finally, Natixis Advisors LLC grew its stake in Altria Group by 19.3% in the fourth quarter. Natixis Advisors LLC now owns 947,121 shares of the company's stock valued at $49,525,000 after purchasing an additional 152,945 shares during the last quarter. 57.41% of the stock is owned by institutional investors.

Altria Group Stock Down 1.3%

Shares of NYSE:MO opened at $57.79 on Monday. Altria Group, Inc. has a 52-week low of $47.53 and a 52-week high of $61.26. The business has a fifty day moving average of $59.25 and a two-hundred day moving average of $56.66. The stock has a market cap of $97.34 billion, a P/E ratio of 9.68, a PEG ratio of 3.39 and a beta of 0.59.

Altria Group (NYSE:MO - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.19 by $0.04. Altria Group had a negative return on equity of 295.44% and a net margin of 43.09%. The business had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.64 billion. During the same quarter in the prior year, the company posted $1.15 EPS. The company's quarterly revenue was down 4.2% on a year-over-year basis. On average, equities analysts anticipate that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Monday, June 16th were paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 7.06%. The ex-dividend date of this dividend was Monday, June 16th. Altria Group's payout ratio is 68.34%.

Analyst Ratings Changes

MO has been the subject of several recent analyst reports. Needham & Company LLC raised Altria Group to a "hold" rating in a report on Thursday, May 22nd. UBS Group raised Altria Group from a "sell" rating to a "neutral" rating and boosted their price target for the company from $47.00 to $59.00 in a report on Wednesday, July 2nd. Deutsche Bank Aktiengesellschaft set a $60.00 price target on Altria Group in a report on Tuesday, April 1st. Jefferies Financial Group started coverage on Altria Group in a research report on Wednesday, July 9th. They issued an "underperform" rating and a $50.00 price objective for the company. Finally, Citigroup boosted their price target on Altria Group from $52.00 to $55.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $56.75.

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.

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