Mill Capital Management LLC Sells 10,821 Shares of Altria Group, Inc. (NYSE:MO)

Mill Capital Management LLC lessened its position in Altria Group, Inc. (NYSE:MO - Free Report) by 57.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,142 shares of the company's stock after selling 10,821 shares during the period. Mill Capital Management LLC's holdings in Altria Group were worth $426,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Financial Life Planners acquired a new stake in shares of Altria Group during the fourth quarter worth $25,000. True Wealth Design LLC increased its stake in Altria Group by 420.0% in the 3rd quarter. True Wealth Design LLC now owns 572 shares of the company's stock worth $29,000 after purchasing an additional 462 shares in the last quarter. VSM Wealth Advisory LLC acquired a new stake in Altria Group during the 4th quarter worth about $29,000. Marshall Investment Management LLC purchased a new stake in Altria Group during the fourth quarter valued at about $32,000. Finally, Promus Capital LLC acquired a new position in shares of Altria Group in the fourth quarter worth about $33,000. Institutional investors own 57.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MO. Bank of America upgraded shares of Altria Group from a "neutral" rating to a "buy" rating and boosted their price target for the company from $55.00 to $65.00 in a report on Friday, December 6th. Morgan Stanley lowered their price objective on shares of 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 given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $53.29.

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Altria Group Trading Down 1.6 %

MO stock traded down $0.92 during midday trading on Tuesday, reaching $56.73. The company had a trading volume of 10,377,149 shares, compared to its average volume of 8,497,390. The company has a 50 day moving average of $54.66 and a two-hundred day moving average of $53.51. Altria Group, Inc. has a 1 year low of $40.65 and a 1 year high of $59.67. The company has a market capitalization of $95.91 billion, a P/E ratio of 8.66, a PEG ratio of 2.89 and a beta of 0.56.

Altria Group (NYSE:MO - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The company reported $1.29 earnings per share for the quarter, beating analysts' consensus estimates of $1.28 by $0.01. Altria Group had a net margin of 46.90% and a negative return on equity of 258.72%. On average, sell-side 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 disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, March 25th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 7.19%. The ex-dividend date of this dividend is Tuesday, March 25th. Altria Group's payout ratio is 62.29%.

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.