Imprint Wealth LLC Has $725,000 Stock Position in Altria Group, Inc. (NYSE:MO)

Imprint Wealth LLC lowered its stake in shares of Altria Group, Inc. (NYSE:MO) by 5.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,544 shares of the company’s stock after selling 972 shares during the period. Imprint Wealth LLC’s holdings in Altria Group were worth $725,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Sei Investments Co. boosted its holdings in shares of Altria Group by 1.6% during the first quarter. Sei Investments Co. now owns 404,894 shares of the company’s stock worth $21,248,000 after acquiring an additional 6,324 shares during the period. Sequoia Financial Advisors LLC increased its stake in Altria Group by 5.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 18,647 shares of the company’s stock worth $974,000 after acquiring an additional 929 shares during the period. Loomis Sayles & Co. L P acquired a new position in Altria Group in the 1st quarter valued at $25,000. Mackenzie Financial Corp grew its holdings in shares of Altria Group by 3.4% during the 1st quarter. Mackenzie Financial Corp now owns 2,711,773 shares of the company’s stock worth $141,690,000 after purchasing an additional 89,334 shares in the last quarter. Finally, First Western Trust Bank acquired a new position in Altria Group in the first quarter valued at about $498,000. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Stock Performance

Shares of MO stock traded down $0.01 on Tuesday, hitting $40.94. The company had a trading volume of 2,690,933 shares, compared to its average volume of 11,583,857. Altria Group, Inc. has a twelve month low of $39.06 and a twelve month high of $48.04. The firm has a market cap of $70.32 billion, a P/E ratio of 8.92, a P/E/G ratio of 2.47 and a beta of 0.65. The stock’s 50-day moving average is $41.83 and its two-hundred day moving average is $41.44.

Altria Group (NYSE:MO) last released its earnings results on Thursday, February 1st. The company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.01. Altria Group had a net margin of 33.21% and a negative return on equity of 244.55%. The business had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $5.06 billion. During the same quarter in the prior year, the firm posted $1.18 EPS. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. Equities research analysts predict that Altria Group, Inc. will post 5.09 EPS for the current year.

Altria Group declared that its Board of Directors has initiated a share repurchase plan on Thursday, February 1st that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 1.4% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Altria Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, March 25th will be paid a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 9.57%. The ex-dividend date of this dividend is Friday, March 22nd. Altria Group’s dividend payout ratio is presently 85.78%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MO. StockNews.com lowered shares of Altria Group from a “buy” rating to a “hold” rating in a research report on Sunday. UBS Group raised their target price on shares of Altria Group from $36.10 to $36.50 and gave the company a “sell” rating in a research report on Monday, April 8th. Finally, Stifel Nicolaus restated a “buy” rating and set a $50.00 price target on shares of Altria Group in a report on Monday, March 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Altria Group presently has an average rating of “Hold” and an average price target of $46.90.

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.