Main Street Group LTD Has $496,000 Position in Altria Group, Inc. (NYSE:MO)

Main Street Group LTD cut its holdings in Altria Group, Inc. (NYSE:MO) by 30.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 9,494 shares of the company’s stock after selling 4,075 shares during the quarter. Main Street Group LTD’s holdings in Altria Group were worth $496,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in MO. Truvestments Capital LLC lifted its holdings in shares of Altria Group by 4.3% during the 4th quarter. Truvestments Capital LLC now owns 4,581 shares of the company’s stock valued at $240,000 after acquiring an additional 190 shares in the last quarter. Enterprise Financial Services Corp lifted its stake in shares of Altria Group by 4.0% during the fourth quarter. Enterprise Financial Services Corp now owns 5,052 shares of the company’s stock worth $264,000 after purchasing an additional 194 shares in the last quarter. Horst & Graben Wealth Management LLC boosted its position in shares of Altria Group by 1.5% in the fourth quarter. Horst & Graben Wealth Management LLC now owns 13,015 shares of the company’s stock worth $681,000 after buying an additional 198 shares during the period. Fragasso Financial Advisors Inc grew its stake in shares of Altria Group by 3.3% in the fourth quarter. Fragasso Financial Advisors Inc now owns 6,302 shares of the company’s stock valued at $330,000 after buying an additional 199 shares in the last quarter. Finally, Laurel Wealth Advisors LLC raised its holdings in shares of Altria Group by 4.6% during the 4th quarter. Laurel Wealth Advisors LLC now owns 4,592 shares of the company’s stock valued at $240,000 after buying an additional 200 shares during the period. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Stifel Nicolaus increased their price objective on shares of Altria Group from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft set a $60.00 price target on shares of Altria Group in a report on Tuesday, April 1st. Barclays upped their price objective on shares of Altria Group from $46.00 to $49.00 and gave the company an “underweight” rating in a research report on Friday, May 2nd. StockNews.com lowered Altria Group from a “buy” rating to a “hold” rating in a research report on Thursday, May 1st. Finally, Citigroup increased their price target on Altria Group from $52.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $56.00.

Altria Group Stock Down 0.8%

NYSE:MO opened at $56.49 on Wednesday. The company has a market cap of $95.15 billion, a PE ratio of 8.62, a P/E/G ratio of 2.89 and a beta of 0.60. The business’s 50 day moving average is $58.05 and its two-hundred day moving average is $55.35. Altria Group, Inc. has a 52 week low of $43.83 and a 52 week high of $61.26.

Altria Group (NYSE:MO) last released its quarterly earnings data on Tuesday, April 29th. The company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.04. The firm had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.64 billion. Altria Group had a net margin of 46.90% and a negative return on equity of 258.72%. The firm’s revenue was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.15 earnings per share. As a group, sell-side analysts expect that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.

Altria Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, March 25th were issued a $1.02 dividend. The ex-dividend date was Tuesday, March 25th. This represents a $4.08 dividend on an annualized basis and a yield of 7.22%. Altria Group’s dividend payout ratio is currently 68.34%.

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.