Mayfair Advisory Group LLC Sells 1,252 Shares of Altria Group, Inc. (NYSE:MO)

Mayfair Advisory Group LLC lowered its stake in Altria Group, Inc. (NYSE:MOFree Report) by 16.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,548 shares of the company’s stock after selling 1,252 shares during the quarter. Mayfair Advisory Group LLC’s holdings in Altria Group were worth $272,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Strategic Advisors LLC bought a new position in Altria Group in the 4th quarter valued at approximately $358,000. ICICI Prudential Asset Management Co Ltd raised its holdings in Altria Group by 304.1% in the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 151,533 shares of the company’s stock valued at $6,113,000 after buying an additional 114,033 shares during the last quarter. Pinnacle Associates Ltd. increased its position in Altria Group by 2.0% during the 4th quarter. Pinnacle Associates Ltd. now owns 54,491 shares of the company’s stock valued at $2,198,000 after purchasing an additional 1,068 shares during the period. Griffin Asset Management Inc. increased its position in Altria Group by 10.9% during the 4th quarter. Griffin Asset Management Inc. now owns 20,251 shares of the company’s stock valued at $817,000 after purchasing an additional 1,989 shares during the period. Finally, Quent Capital LLC increased its position in Altria Group by 30.5% during the 4th quarter. Quent Capital LLC now owns 1,405 shares of the company’s stock valued at $57,000 after purchasing an additional 328 shares during the period. Institutional investors own 57.41% of the company’s stock.

Altria Group Trading Down 0.1 %

Shares of MO traded down $0.04 during trading hours on Friday, reaching $43.62. The stock had a trading volume of 9,807,499 shares, compared to its average volume of 18,046,436. Altria Group, Inc. has a 12 month low of $39.06 and a 12 month high of $48.04. The firm has a 50-day simple moving average of $41.53 and a 200 day simple moving average of $41.55. The company has a market capitalization of $76.92 billion, a price-to-earnings ratio of 9.54, a P/E/G ratio of 2.63 and a beta of 0.65.

Altria Group (NYSE:MOGet Free Report) last issued its quarterly earnings data on Thursday, February 1st. The company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.01. Altria Group had a negative return on equity of 244.55% and a net margin of 33.21%. The business had revenue of $5.02 billion for the quarter, compared to analysts’ expectations of $5.06 billion. During the same period last year, the business earned $1.18 EPS. The business’s revenue was down 1.2% on a year-over-year basis. On average, equities analysts forecast that Altria Group, Inc. will post 5.08 EPS for the current year.

Altria Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, March 25th will be paid a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 8.99%. The ex-dividend date is Friday, March 22nd. Altria Group’s payout ratio is 85.78%.

Altria Group announced that its board has approved a share buyback program on Thursday, February 1st that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 1.4% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

MO has been the subject of a number of recent analyst reports. StockNews.com raised shares of Altria Group from a “hold” rating to a “buy” rating in a research report on Wednesday. Stifel Nicolaus reissued a “buy” rating and set a $50.00 target price on shares of Altria Group in a research report on Monday, March 25th. Finally, UBS Group reissued a “sell” rating and set a $36.10 target price on shares of Altria Group in a research report on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Altria Group currently has a consensus rating of “Hold” and an average target price of $46.82.

Check Out Our Latest Analysis on MO

About Altria Group

(Free Report)

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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Institutional Ownership by Quarter for Altria Group (NYSE:MO)

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