TCG Advisory Services LLC Has $614,000 Stock Position in Altria Group, Inc. (NYSE:MO)

TCG Advisory Services LLC cut its holdings in Altria Group, Inc. (NYSE:MO) by 7.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,212 shares of the company’s stock after selling 1,196 shares during the quarter. TCG Advisory Services LLC’s holdings in Altria Group were worth $614,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Altshuler Shaham Ltd bought a new position in shares of Altria Group in the 3rd quarter worth $26,000. Nemes Rush Group LLC increased its position in shares of Altria Group by 103.2% during the third quarter. Nemes Rush Group LLC now owns 636 shares of the company’s stock worth $27,000 after acquiring an additional 323 shares in the last quarter. Criterion Capital Advisors LLC bought a new stake in shares of Altria Group during the fourth quarter worth about $27,000. ZRC Wealth Management LLC lifted its position in Altria Group by 67.6% in the 4th quarter. ZRC Wealth Management LLC now owns 677 shares of the company’s stock valued at $28,000 after acquiring an additional 273 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. boosted its stake in Altria Group by 1,800.0% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 703 shares of the company’s stock valued at $30,000 after purchasing an additional 666 shares during the last quarter. 57.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MO has been the topic of a number of research analyst reports. UBS Group boosted their target price on Altria Group from $36.10 to $36.50 and gave the stock a “sell” rating in a research note on Monday, April 8th. Stifel Nicolaus restated a “buy” rating and issued a $50.00 price objective on shares of Altria Group in a research note on Monday, March 25th. Finally, StockNews.com cut Altria Group from a “buy” rating to a “hold” rating in a research note on Sunday, April 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $46.90.

Altria Group Trading Down 0.9 %

Shares of MO traded down $0.39 during trading hours on Friday, reaching $43.59. 11,228,966 shares of the company’s stock traded hands, compared to its average volume of 11,736,930. The firm’s 50 day simple moving average is $42.50 and its 200-day simple moving average is $41.49. The stock has a market cap of $74.87 billion, a PE ratio of 9.12, a price-to-earnings-growth ratio of 2.66 and a beta of 0.66. Altria Group, Inc. has a 12 month low of $39.06 and a 12 month high of $46.86.

Altria Group (NYSE:MO) last announced its earnings results on Thursday, April 25th. The company reported $1.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.15. Altria Group had a net margin of 34.81% and a negative return on equity of 222.80%. The company had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.71 billion. During the same period in the previous year, the business earned $1.18 earnings per share. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. As a group, analysts expect that Altria Group, Inc. will post 5.11 earnings per share for the current fiscal year.

Altria Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Monday, March 25th were paid a $0.98 dividend. The ex-dividend date was Friday, March 22nd. This represents a $3.92 dividend on an annualized basis and a dividend yield of 8.99%. Altria Group’s dividend payout ratio (DPR) is 82.01%.

Altria Group announced that its board has authorized a share repurchase plan on Thursday, February 1st that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to buy up to 1.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Altria Group Company Profile

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.