TT Capital Management LLC Invests $254,000 in Altria Group, Inc. (NYSE:MO)

TT Capital Management LLC purchased a new position in Altria Group, Inc. (NYSE:MO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,957 shares of the company's stock, valued at approximately $254,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Truvestments Capital LLC raised its stake in shares of Altria Group by 4.3% during the fourth quarter. Truvestments Capital LLC now owns 4,581 shares of the company's stock valued at $240,000 after acquiring an additional 190 shares in the last quarter. Enterprise Financial Services Corp increased its holdings in Altria Group by 4.0% during the 4th quarter. Enterprise Financial Services Corp now owns 5,052 shares of the company's stock worth $264,000 after purchasing an additional 194 shares during the period. Horst & Graben Wealth Management LLC raised its position in Altria Group by 1.5% during the 4th quarter. Horst & Graben Wealth Management LLC now owns 13,015 shares of the company's stock valued at $681,000 after purchasing an additional 198 shares in the last quarter. Fragasso Financial Advisors Inc lifted its holdings in shares of Altria Group by 3.3% in the 4th quarter. Fragasso Financial Advisors Inc now owns 6,302 shares of the company's stock worth $330,000 after buying an additional 199 shares during the period. Finally, First Citizens Financial Corp grew its position in shares of Altria Group by 4.8% during the 4th quarter. First Citizens Financial Corp now owns 4,402 shares of the company's stock worth $230,000 after buying an additional 200 shares in the last quarter. Institutional investors own 57.41% of the company's stock.

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Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. UBS Group lifted their price objective on Altria Group from $42.00 to $46.00 and gave the company a "sell" rating in a report on Tuesday, April 1st. Deutsche Bank Aktiengesellschaft set a $60.00 price target on shares of Altria Group in a report on Tuesday, April 1st. Finally, Morgan Stanley dropped 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 note on Friday, January 31st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $54.00.

Altria Group Stock Up 0.8 %

Shares of NYSE MO traded up $0.44 during trading hours on Tuesday, hitting $57.57. 6,382,766 shares of the stock were exchanged, compared to its average volume of 9,006,143. Altria Group, Inc. has a 12 month low of $40.72 and a 12 month high of $60.18. The firm has a fifty day moving average price of $56.41 and a 200-day moving average price of $54.13. The company has a market cap of $97.33 billion, a PE ratio of 8.79, a PEG ratio of 2.89 and a beta of 0.54.

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

Altria Group Announces Dividend

The firm 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 7.09%. The ex-dividend date of this dividend is Tuesday, March 25th. Altria Group's dividend payout ratio is presently 62.29%.

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.