Boston Family Office LLC Has $668,000 Position in Altria Group, Inc. (NYSE:MO)

Boston Family Office LLC cut its stake in Altria Group, Inc. (NYSE:MO) by 4.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,779 shares of the company’s stock after selling 587 shares during the period. Boston Family Office LLC’s holdings in Altria Group were worth $668,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Franklin Resources Inc. grew its stake in Altria Group by 2.2% during the third quarter. Franklin Resources Inc. now owns 2,159,890 shares of the company’s stock worth $107,679,000 after buying an additional 46,697 shares in the last quarter. Czech National Bank boosted its position in shares of Altria Group by 5.7% during the 4th quarter. Czech National Bank now owns 367,469 shares of the company’s stock worth $19,215,000 after acquiring an additional 19,893 shares in the last quarter. CWA Asset Management Group LLC increased its stake in Altria Group by 5.3% in the fourth quarter. CWA Asset Management Group LLC now owns 240,454 shares of the company’s stock valued at $12,573,000 after acquiring an additional 12,011 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in Altria Group by 8.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 706,967 shares of the company’s stock valued at $36,084,000 after purchasing an additional 54,102 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its stake in Altria Group by 48.8% during the third quarter. Wilmington Savings Fund Society FSB now owns 89,761 shares of the company’s stock worth $4,581,000 after purchasing an additional 29,421 shares during the last quarter. 57.41% of the stock is currently owned by institutional investors.

Altria Group Price Performance

MO opened at $58.96 on Wednesday. Altria Group, Inc. has a fifty-two week low of $40.65 and a fifty-two week high of $60.18. The company’s 50 day moving average price is $55.38 and its two-hundred day moving average price is $53.69. The firm has a market capitalization of $99.68 billion, a price-to-earnings ratio of 9.00, a PEG ratio of 2.89 and a beta of 0.56.

Altria Group (NYSE:MO) last issued its quarterly earnings data on Thursday, January 30th. The company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.01. Altria Group had a net margin of 46.90% and a negative return on equity of 258.72%. As a group, equities research analysts predict that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, March 25th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 6.92%. Altria Group’s dividend payout ratio (DPR) is 62.29%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on MO shares. UBS Group boosted their price target on Altria Group from $42.00 to $46.00 and gave the stock a “sell” rating in a report on Tuesday. Morgan Stanley lowered their target price on 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. Bank of America upgraded shares of Altria Group from a “neutral” rating to a “buy” rating and raised their price target for the company from $55.00 to $65.00 in a research note on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Altria Group from a “buy” rating to a “hold” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $54.00.

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.