Glenview Trust co Reduces Holdings in Altria Group, Inc. (NYSE:MO)

Glenview Trust co lessened its position in Altria Group, Inc. (NYSE:MO - Free Report) by 8.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,903 shares of the company's stock after selling 6,156 shares during the quarter. Glenview Trust co's holdings in Altria Group were worth $3,341,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. KBC Group NV boosted its stake in shares of Altria Group by 6.9% during the third quarter. KBC Group NV now owns 136,380 shares of the company's stock valued at $6,961,000 after purchasing an additional 8,823 shares during the period. OneDigital Investment Advisors LLC lifted its holdings in Altria Group by 7.7% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 55,385 shares of the company's stock valued at $2,827,000 after buying an additional 3,975 shares in the last quarter. Schneider Downs Wealth Management Advisors LP purchased a new stake in Altria Group in the 3rd quarter valued at about $216,000. GoalVest Advisory LLC grew its stake in Altria Group by 7.1% in the 3rd quarter. GoalVest Advisory LLC now owns 26,778 shares of the company's stock worth $1,367,000 after acquiring an additional 1,774 shares in the last quarter. Finally, Gladius Capital Management LP increased its position in shares of Altria Group by 5.0% during the third quarter. Gladius Capital Management LP now owns 5,919 shares of the company's stock worth $302,000 after acquiring an additional 283 shares during the period. 57.41% of the stock is currently owned by institutional investors.

Altria Group Trading Up 0.2 %

Shares of MO traded up $0.14 during trading hours on Thursday, hitting $58.09. The company had a trading volume of 7,206,853 shares, compared to its average volume of 8,296,811. The company has a market capitalization of $98.21 billion, a PE ratio of 8.87, a price-to-earnings-growth ratio of 2.89 and a beta of 0.56. Altria Group, Inc. has a one year low of $40.65 and a one year high of $59.67. The company's fifty day moving average price is $54.16 and its two-hundred day moving average price is $53.42.

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Altria Group (NYSE:MO - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The company reported $1.29 EPS for the quarter, beating 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%. Analysts forecast 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. Shareholders of record on Tuesday, March 25th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 7.02%. The ex-dividend date of this dividend is Tuesday, March 25th. Altria Group's dividend payout ratio is currently 62.29%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on MO shares. Bank of America raised Altria Group from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $55.00 to $65.00 in a research note on Friday, December 6th. Morgan Stanley dropped their price target on Altria Group from $54.00 to $53.00 and set an "equal weight" rating on the stock in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $53.29.

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.