Tompkins Financial Corp Sells 354 Shares of Altria Group, Inc. (NYSE:MO)

Tompkins Financial Corp trimmed its position in Altria Group, Inc. (NYSE:MOFree Report) by 5.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,298 shares of the company’s stock after selling 354 shares during the period. Tompkins Financial Corp’s holdings in Altria Group were worth $254,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Loomis Sayles & Co. L P bought a new position in shares of Altria Group in the 1st quarter worth $25,000. Altshuler Shaham Ltd acquired a new position in Altria Group during the third quarter worth $26,000. Nemes Rush Group LLC lifted its stake in shares of Altria Group by 103.2% in the third quarter. Nemes Rush Group LLC now owns 636 shares of the company’s stock valued at $27,000 after buying an additional 323 shares in the last quarter. WFA of San Diego LLC acquired a new position in shares of Altria Group during the second quarter valued at about $30,000. Finally, Legacy Financial Group LLC bought a new stake in shares of Altria Group during the third quarter worth about $30,000. 58.94% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MO. lowered Altria Group from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. UBS Group reissued a “sell” rating and issued a $36.10 price target on shares of Altria Group in a research report on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Altria Group presently has a consensus rating of “Hold” and a consensus price target of $47.22.

Read Our Latest Stock Analysis on Altria Group

Altria Group Trading Down 0.9 %

Shares of Altria Group stock opened at $43.87 on Friday. The business’s fifty day simple moving average is $40.98 and its 200 day simple moving average is $41.57. Altria Group, Inc. has a 12 month low of $39.06 and a 12 month high of $48.04. The firm has a market capitalization of $77.36 billion, a P/E ratio of 9.60, a price-to-earnings-growth ratio of 2.62 and a beta of 0.65.

Altria Group (NYSE:MOGet Free Report) last released its earnings results on Thursday, February 1st. The company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.01. The company had revenue of $5.02 billion for the quarter, compared to analysts’ expectations of $5.06 billion. Altria Group had a negative return on equity of 244.55% and a net margin of 33.21%. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.18 EPS. Analysts predict that Altria Group, Inc. will post 5.07 EPS for the current fiscal year.

Altria Group declared that its board has approved a stock repurchase plan on Thursday, February 1st that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 1.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its shares are undervalued.

Altria Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, March 25th will be given a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 8.94%. The ex-dividend date of this dividend is Friday, March 22nd. Altria Group’s dividend payout ratio is currently 85.78%.

Altria Group Profile

(Free Report)

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.

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

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