Twin Tree Management LP Has $1.83 Million Stake in Altria Group, Inc. (NYSE:MO)

Twin Tree Management LP reduced its stake in shares of Altria Group, Inc. (NYSE:MO - Free Report) by 82.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,924 shares of the company's stock after selling 165,322 shares during the quarter. Twin Tree Management LP's holdings in Altria Group were worth $1,826,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Financial Life Planners acquired a new stake in Altria Group during the 4th quarter worth $25,000. True Wealth Design LLC increased its holdings in shares of Altria Group by 420.0% in 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 in the last quarter. Marshall Investment Management LLC acquired a new stake in shares of Altria Group during the fourth quarter worth about $32,000. Promus Capital LLC bought a new position in shares of Altria Group during the 4th quarter valued at about $33,000. Finally, Legacy Investment Solutions LLC bought a new position in shares of Altria Group during the 3rd quarter valued at about $34,000. 57.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on MO. Morgan Stanley dropped their target price on shares of Altria Group from $54.00 to $53.00 and set an "equal weight" rating on the stock in a report on Friday, January 31st. Bank of America raised shares of 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 report on Friday, December 6th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, Altria Group has an average rating of "Hold" and a consensus price target of $53.29.

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Altria Group Price Performance

NYSE:MO traded down $0.63 during trading hours on Friday, reaching $57.46. 33,829,726 shares of the stock were exchanged, compared to its average volume of 8,595,164. Altria Group, Inc. has a twelve month low of $40.65 and a twelve month high of $59.67. The stock has a market cap of $97.14 billion, a PE ratio of 8.77, a PEG ratio of 2.89 and a beta of 0.56. The firm has a 50 day moving average of $54.42 and a 200 day moving average of $53.47.

Altria Group (NYSE:MO - Get Free Report) last announced its 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 net margin of 46.90% and a negative return on equity of 258.72%. Equities research analysts anticipate that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, March 25th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 7.10%. The ex-dividend date of this dividend is Tuesday, March 25th. Altria Group's payout ratio is 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.