Midwest Heritage Bank FSB Has $336,000 Position in Altria Group, Inc. (NYSE:MO)

Midwest Heritage Bank FSB cut its stake in shares of Altria Group, Inc. (NYSE:MOFree Report) by 5.5% in the 4th quarter, HoldingsChannel reports. The fund owned 8,322 shares of the company’s stock after selling 486 shares during the quarter. Midwest Heritage Bank FSB’s holdings in Altria Group were worth $336,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Moneta Group Investment Advisors LLC boosted its position in Altria Group by 108,222.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 18,590,308 shares of the company’s stock valued at $849,763,000 after acquiring an additional 18,573,146 shares during the last quarter. Barclays PLC raised its position in Altria Group by 84.1% in the 2nd quarter. Barclays PLC now owns 5,426,522 shares of the company’s stock valued at $245,823,000 after buying an additional 2,478,576 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Altria Group by 6.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 36,302,349 shares of the company’s stock worth $1,896,798,000 after purchasing an additional 2,178,596 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Altria Group by 54.1% during the third quarter. AQR Capital Management LLC now owns 4,710,670 shares of the company’s stock worth $198,084,000 after acquiring an additional 1,653,455 shares during the period. Finally, Morgan Stanley raised its position in Altria Group by 9.8% in the fourth quarter. Morgan Stanley now owns 17,105,285 shares of the company’s stock worth $781,883,000 after acquiring an additional 1,531,337 shares during the period. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Altria Group Stock Down 1.9 %

Shares of NYSE:MO traded down $0.81 during trading on Wednesday, hitting $42.12. The stock had a trading volume of 18,922,043 shares, compared to its average volume of 11,898,136. The company has a market capitalization of $74.28 billion, a PE ratio of 9.31, a PEG ratio of 2.60 and a beta of 0.65. The firm’s fifty day moving average is $41.64 and its 200 day moving average is $41.50. Altria Group, Inc. has a 12 month low of $39.06 and a 12 month high of $48.04.

Altria Group (NYSE:MOGet Free Report) last posted its quarterly earnings data on Thursday, February 1st. The company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $5.02 billion during the quarter, compared to analyst estimates of $5.06 billion. During the same quarter last year, the company earned $1.18 EPS. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. Equities research analysts expect that Altria Group, Inc. will post 5.08 EPS for the current fiscal year.

Altria Group announced that its board has initiated a share buyback plan on Thursday, February 1st that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to repurchase up to 1.4% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

Altria Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, March 25th will be paid a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 9.31%. The ex-dividend date is Friday, March 22nd. Altria Group’s dividend payout ratio is currently 85.78%.

Analyst Upgrades and Downgrades

MO has been the subject of a number of analyst reports. UBS Group reaffirmed a “sell” rating and issued a $36.10 price target on shares of Altria Group in a report on Tuesday, January 23rd. StockNews.com upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a research report on Wednesday, March 27th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $50.00 price objective on shares of Altria Group in a report on Monday, March 25th. 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. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $46.82.

Get Our Latest Stock Report 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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