Silver Coast Investments LLC Has $586,000 Stock Holdings in Altria Group, Inc. (NYSE:MO)

Silver Coast Investments LLC trimmed its position in shares of Altria Group, Inc. (NYSE:MO) by 27.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,215 shares of the company’s stock after selling 4,145 shares during the period. Silver Coast Investments LLC’s holdings in Altria Group were worth $586,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Aviance Capital Partners LLC raised its stake in shares of Altria Group by 0.5% in the 3rd quarter. Aviance Capital Partners LLC now owns 40,362 shares of the company’s stock valued at $2,060,000 after purchasing an additional 191 shares during the period. Horst & Graben Wealth Management LLC grew its holdings in shares of Altria Group by 1.5% during 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 in the last quarter. Fragasso Financial Advisors Inc raised its position in Altria Group by 3.3% in the 4th 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 during the last quarter. Ridgecrest Wealth Partners LLC lifted its stake in Altria Group by 3.5% in the 3rd quarter. Ridgecrest Wealth Partners LLC now owns 5,851 shares of the company’s stock valued at $299,000 after acquiring an additional 200 shares in the last quarter. Finally, First Citizens Financial Corp lifted its stake in Altria Group by 4.8% in the 4th quarter. First Citizens Financial Corp now owns 4,402 shares of the company’s stock valued at $230,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Price Performance

Shares of MO stock opened at $55.83 on Monday. The company has a fifty day moving average price of $52.77 and a two-hundred day moving average price of $52.91. Altria Group, Inc. has a one year low of $39.25 and a one year high of $58.03. The stock has a market cap of $94.38 billion, a P/E ratio of 8.52, a P/E/G ratio of 2.89 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, beating analysts’ consensus estimates 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, equities research analysts anticipate 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 will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, March 25th will be paid a dividend of $1.02 per share. The ex-dividend date is Tuesday, March 25th. This represents a $4.08 annualized dividend and a dividend yield of 7.31%. Altria Group’s dividend payout ratio is currently 62.29%.

Wall Street Analyst Weigh In

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

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.