Mill Capital Management LLC Has $426,000 Stake in Altria Group, Inc. (NYSE:MO)

Mill Capital Management LLC trimmed its position in shares of Altria Group, Inc. (NYSE:MO) by 57.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,142 shares of the company’s stock after selling 10,821 shares during the quarter. Mill Capital Management LLC’s holdings in Altria Group were worth $426,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MO. Financial Life Planners acquired a new position in shares of Altria Group during the fourth quarter worth approximately $25,000. True Wealth Design LLC raised its position in shares of Altria Group by 420.0% during the third quarter. True Wealth Design LLC now owns 572 shares of the company’s stock worth $29,000 after purchasing an additional 462 shares during the period. VSM Wealth Advisory LLC bought a new stake in Altria Group during the fourth quarter worth $29,000. Marshall Investment Management LLC bought a new stake in Altria Group during the fourth quarter worth $32,000. Finally, Promus Capital LLC bought a new stake in Altria Group during the fourth quarter worth $33,000. 57.41% of the stock is owned by institutional investors and hedge funds.

Altria Group Price Performance

Shares of NYSE:MO opened at $57.46 on Monday. The company has a market capitalization of $97.14 billion, a PE ratio of 8.77, a price-to-earnings-growth ratio of 2.89 and a beta of 0.56. The business has a fifty day moving average price of $54.42 and a two-hundred day moving average price of $53.46. Altria Group, Inc. has a 1 year low of $40.65 and a 1 year high of $59.67.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Thursday, January 30th. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.01. Altria Group had a negative return on equity of 258.72% and a net margin of 46.90%. Sell-side analysts anticipate that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, March 25th will be paid a dividend of $1.02 per share. The ex-dividend date is Tuesday, March 25th. This represents a $4.08 annualized dividend and a dividend yield of 7.10%. Altria Group’s payout ratio is 62.29%.

Analyst Upgrades and Downgrades

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

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.