Ossiam Sells 18,169 Shares of Altria Group, Inc. (NYSE:MO)

Ossiam trimmed its position in shares of Altria Group, Inc. (NYSE:MO - Free Report) by 89.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,234 shares of the company's stock after selling 18,169 shares during the quarter. Ossiam's holdings in Altria Group were worth $117,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Financial Life Planners purchased a new position in Altria Group during the 4th quarter valued at $25,000. Redwood Park Advisors LLC purchased a new stake in shares of Altria Group during the fourth quarter valued at $26,000. VSM Wealth Advisory LLC bought a new position in shares of Altria Group in the fourth quarter worth about $29,000. Marshall Investment Management LLC purchased a new position in Altria Group in the 4th quarter worth about $32,000. Finally, Promus Capital LLC bought a new stake in Altria Group during the 4th quarter valued at about $33,000. Institutional investors own 57.41% of the company's stock.

Altria Group Stock Down 0.4 %

Shares of NYSE:MO opened at $58.58 on Thursday. The firm has a 50 day moving average of $56.97 and a 200 day moving average of $54.42. The company has a market capitalization of $99.04 billion, a price-to-earnings ratio of 8.94, a price-to-earnings-growth ratio of 2.89 and a beta of 0.54. Altria Group, Inc. has a 52 week low of $42.40 and a 52 week high of $60.18.

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, topping the consensus estimate of $1.28 by $0.01. Altria Group had a negative return on equity of 258.72% and a net margin of 46.90%. On average, sell-side analysts expect that Altria Group, Inc. will post 5.32 EPS 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 given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 6.96%. The ex-dividend date is Tuesday, March 25th. Altria Group's payout ratio is 62.29%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MO. Deutsche Bank Aktiengesellschaft set a $60.00 target price on shares of Altria Group in a research note on Tuesday, April 1st. UBS Group increased their price objective on Altria Group from $42.00 to $46.00 and gave the stock a "sell" rating in a research note on Tuesday, April 1st. Finally, Morgan Stanley decreased their target price on Altria Group from $54.00 to $53.00 and set an "equal weight" rating for the company in a research report on Friday, January 31st. Two 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. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $54.00.

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.

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