Cobblestone Capital Advisors LLC NY Sells 590 Shares of Altria Group, Inc. (NYSE:MO)

Cobblestone Capital Advisors LLC NY trimmed its position in shares of Altria Group, Inc. (NYSE:MO) by 7.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,835 shares of the company’s stock after selling 590 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Altria Group were worth $410,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Life Planners bought a new stake in Altria Group in the fourth quarter valued at approximately $25,000. True Wealth Design LLC raised its stake in Altria Group by 420.0% in the 3rd quarter. True Wealth Design LLC now owns 572 shares of the company’s stock valued at $29,000 after acquiring an additional 462 shares during the period. Marshall Investment Management LLC bought a new stake in Altria Group in the 4th quarter valued at $32,000. Legacy Investment Solutions LLC bought a new stake in Altria Group in the 3rd quarter valued at $34,000. Finally, Kestra Investment Management LLC bought a new stake in Altria Group in the 4th quarter valued at $40,000. 57.41% of the stock is owned by institutional investors.

Altria Group Trading Up 1.4 %

Shares of MO opened at $55.83 on Friday. Altria Group, Inc. has a 12 month low of $39.25 and a 12 month high of $58.03. The firm’s 50 day moving average is $52.77 and its 200-day moving average is $52.90. The stock has a market capitalization of $94.61 billion, a PE ratio of 8.52, a P/E/G ratio of 2.89 and a beta of 0.64.

Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, January 30th. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.01. Altria Group had a negative return on equity of 258.72% and a net margin of 46.90%. Equities research analysts predict that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, March 25th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 7.31%. The ex-dividend date of this dividend is Tuesday, March 25th. Altria Group’s payout ratio is currently 62.29%.

Analyst Ratings Changes

MO has been the topic of several research analyst reports. Barclays increased their price objective on shares of Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Morgan Stanley lowered their price target on shares of Altria Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Bank of America raised shares of Altria Group from a “neutral” rating to a “buy” rating and increased their price target for the company from $55.00 to $65.00 in a report on Friday, December 6th. Finally, StockNews.com upgraded Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Altria Group has an average rating of “Hold” and an average price target of $53.29.

Altria Group 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.