Tyche Wealth Partners LLC Has $4.63 Million Stake in Altria Group, Inc. (NYSE:MO)

Tyche Wealth Partners LLC trimmed its stake in Altria Group, Inc. (NYSE:MO) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 88,471 shares of the company’s stock after selling 1,706 shares during the period. Altria Group comprises approximately 1.0% of Tyche Wealth Partners LLC’s investment portfolio, making the stock its 24th biggest position. Tyche Wealth Partners LLC’s holdings in Altria Group were worth $4,626,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp raised its position in shares of Altria Group by 5.6% in the 3rd quarter. State Street Corp now owns 73,481,686 shares of the company’s stock worth $3,821,831,000 after acquiring an additional 3,910,738 shares in the last quarter. Los Angeles Capital Management LLC raised its position in shares of Altria Group by 729.8% in the 3rd quarter. Los Angeles Capital Management LLC now owns 1,969,262 shares of the company’s stock worth $100,511,000 after acquiring an additional 1,731,932 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Altria Group by 3,786.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,743,443 shares of the company’s stock worth $88,985,000 after acquiring an additional 1,698,585 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Altria Group by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 40,803,759 shares of the company’s stock worth $2,079,919,000 after acquiring an additional 1,003,605 shares in the last quarter. Finally, National Pension Service raised its position in shares of Altria Group by 19.9% in the 3rd quarter. National Pension Service now owns 4,034,414 shares of the company’s stock worth $205,916,000 after acquiring an additional 670,858 shares in the last quarter. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on MO shares. Bank of America upgraded Altria Group from a “neutral” rating to a “buy” rating and raised their target price for the company from $55.00 to $65.00 in a research note on Friday, December 6th. Morgan Stanley cut their target price on Altria Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Stifel Nicolaus upped their price target on shares of Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, StockNews.com raised shares of Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Two investment 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $53.29.

Altria Group Stock Down 0.1 %

NYSE:MO opened at $52.58 on Thursday. The company’s 50 day moving average price is $53.39 and its 200-day moving average price is $52.42. Altria Group, Inc. has a 52 week low of $39.25 and a 52 week high of $58.03. The stock has a market cap of $89.11 billion, a price-to-earnings ratio of 8.03, a PEG ratio of 2.78 and a beta of 0.64.

Altria Group (NYSE:MO) last issued its earnings results on Thursday, January 30th. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.01. Altria Group had a net margin of 46.90% and a negative return on equity of 258.72%. As a group, sell-side analysts anticipate that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 26th were given a $1.02 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $4.08 annualized dividend and a yield of 7.76%. Altria Group’s payout ratio is presently 62.29%.

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.