Diversified Trust Co Has $1.10 Million Holdings in Altria Group, Inc. (NYSE:MO)

Posted by on Jun 21st, 2023

Diversified Trust Co cut its holdings in shares of Altria Group, Inc. (NYSE:MO – Get Rating) by 4.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,530 shares of the company’s stock after selling 1,121 shares during the quarter. Diversified Trust Co’s holdings in Altria Group were worth $1,095,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Kentucky Retirement Systems boosted its position in Altria Group by 4.9% during the 3rd quarter. Kentucky Retirement Systems now owns 140,965 shares of the company’s stock worth $5,692,000 after acquiring an additional 6,588 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Altria Group by 4.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 2,630,570 shares of the company’s stock valued at $120,243,000 after buying an additional 116,654 shares during the last quarter. Bartlett & Co. LLC lifted its holdings in shares of Altria Group by 5.3% during the 4th quarter. Bartlett & Co. LLC now owns 14,223 shares of the company’s stock valued at $664,000 after buying an additional 715 shares during the last quarter. Balentine LLC lifted its holdings in shares of Altria Group by 80.2% during the 4th quarter. Balentine LLC now owns 43,366 shares of the company’s stock valued at $1,982,000 after buying an additional 19,305 shares during the last quarter. Finally, Cascade Investment Group Inc. acquired a new stake in shares of Altria Group during the 4th quarter valued at about $1,156,000. 58.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. StockNews.com lowered Altria Group from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. Stifel Nicolaus began coverage on Altria Group in a report on Thursday, April 13th. They set a “buy” rating and a $52.00 price target for the company. Finally, Citigroup reduced their target price on Altria Group from $49.50 to $47.00 and set a “neutral” rating for the company in a report on Monday, April 17th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $44.67.

Altria Group Stock Down 1.4 %

Shares of NYSE MO opened at $43.47 on Wednesday. The business’s 50 day moving average is $45.49 and its two-hundred day moving average is $45.81. The company has a market cap of $77.60 billion, a P/E ratio of 13.98, a P/E/G ratio of 2.22 and a beta of 0.59. Altria Group, Inc. has a 12 month low of $40.35 and a 12 month high of $51.57.

Altria Group (NYSE:MO – Get Rating) last issued its quarterly earnings results on Thursday, April 27th. The company reported $1.18 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.01). The business had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.89 billion. Altria Group had a negative return on equity of 245.43% and a net margin of 22.44%. The business’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.12 earnings per share. Sell-side analysts expect that Altria Group, Inc. will post 4.97 earnings per share for the current fiscal year.

Altria Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 10th. Stockholders of record on Thursday, June 15th will be given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 8.65%. The ex-dividend date of this dividend is Wednesday, June 14th. Altria Group’s dividend payout ratio is presently 120.90%.

Altria Group Company Profile

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Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company provides cigarettes primarily under the Marlboro brand; cigars and pipe tobacco principally under the Black & Mild brand; moist smokeless tobacco products and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; and on! oral nicotine pouches.

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

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