Greenfield Savings Bank Has $611,000 Stock Position in Altria Group, Inc. (NYSE:MO)

Greenfield Savings Bank decreased its position in shares of Altria Group, Inc. (NYSE:MO - Free Report) by 55.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,676 shares of the company's stock after selling 14,550 shares during the quarter. Greenfield Savings Bank's holdings in Altria Group were worth $611,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. True Wealth Design LLC grew its holdings in 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 acquiring an additional 462 shares during the period. Legacy Investment Solutions LLC purchased a new position in Altria Group in the third quarter valued at $34,000. Peterson Financial Group Inc. purchased a new position in Altria Group in the third quarter valued at $41,000. Fairman Group LLC raised its position in shares of Altria Group by 85.1% in the third quarter. Fairman Group LLC now owns 892 shares of the company's stock worth $46,000 after acquiring an additional 410 shares during the period. Finally, Legend Financial Advisors Inc. purchased a new stake in shares of Altria Group during the 4th quarter worth about $52,000. 57.41% of the stock is owned by hedge funds and other institutional investors.

Altria Group Stock Performance

Shares of Altria Group stock traded up $0.47 on Tuesday, reaching $51.32. 6,388,400 shares of the company were exchanged, compared to its average volume of 6,673,189. Altria Group, Inc. has a 1-year low of $39.25 and a 1-year high of $58.03. The firm has a market cap of $86.98 billion, a price-to-earnings ratio of 8.67, a P/E/G ratio of 3.03 and a beta of 0.64. The company's 50-day moving average is $54.50 and its two-hundred day moving average is $51.88.

Altria Group (NYSE:MO - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $1.38 EPS for the quarter, topping analysts' consensus estimates of $1.35 by $0.03. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. The company had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $5.33 billion. During the same quarter in the previous year, the business earned $1.28 EPS. The company's quarterly revenue was up 18.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Altria Group, Inc. will post 5.12 earnings per share for the current year.

Altria Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 26th were given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 7.95%. The ex-dividend date was Thursday, December 26th. Altria Group's dividend payout ratio (DPR) is currently 68.92%.

Analyst Upgrades and Downgrades

MO has been the subject of several research analyst reports. Bank of America raised Altria Group from a "neutral" rating to a "buy" rating and upped their target price for the stock from $55.00 to $65.00 in a research note on Friday, December 6th. Stifel Nicolaus raised their target price on shares of Altria Group from $54.00 to $60.00 and gave the company a "buy" rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Altria Group from $52.00 to $60.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Citigroup raised their price objective on shares of Altria Group from $44.50 to $48.00 and gave the company a "neutral" rating in a report on Tuesday, October 8th. Finally, StockNews.com upgraded shares of Altria Group from a "hold" rating to a "buy" rating in a research note on Monday, November 4th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $53.33.

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.