Financial Partners Group LLC Trims Stock Holdings in Altria Group, Inc. (NYSE:MO)

Financial Partners Group LLC lowered its position in shares of Altria Group, Inc. (NYSE:MOFree Report) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,968 shares of the company’s stock after selling 429 shares during the quarter. Altria Group comprises approximately 1.1% of Financial Partners Group LLC’s portfolio, making the stock its 26th biggest position. Financial Partners Group LLC’s holdings in Altria Group were worth $2,613,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. True Wealth Design LLC increased its stake in shares of Altria Group by 420.0% during the third quarter. True Wealth Design LLC now owns 572 shares of the company’s stock valued at $29,000 after purchasing an additional 462 shares in the last quarter. Legacy Investment Solutions LLC bought a new position in Altria Group during the 3rd quarter valued at approximately $34,000. Peterson Financial Group Inc. purchased a new position in Altria Group during the third quarter valued at $41,000. Fairman Group LLC boosted its holdings in Altria Group by 85.1% in the third quarter. Fairman Group LLC now owns 892 shares of the company’s stock worth $46,000 after acquiring an additional 410 shares in the last quarter. Finally, IFS Advisors LLC grew its stake in shares of Altria Group by 330.4% in the fourth quarter. IFS Advisors LLC now owns 977 shares of the company’s stock worth $51,000 after acquiring an additional 750 shares during the last quarter. Institutional investors own 57.41% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Citigroup lifted their target price on shares of Altria Group from $44.50 to $48.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Stifel Nicolaus boosted their target price on Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. 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 research note on Friday, November 1st. Morgan Stanley initiated coverage on shares of Altria Group in a report on Thursday, January 16th. They set an “equal weight” rating and a $54.00 price objective for the company. Finally, Barclays raised their target price on shares of Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Two equities 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. Based on data from MarketBeat.com, Altria Group presently has an average rating of “Hold” and an average price target of $53.43.

Get Our Latest Stock Report on Altria Group

Altria Group Trading Up 0.7 %

MO opened at $51.17 on Friday. The company has a market capitalization of $86.72 billion, a PE ratio of 8.64, a PEG ratio of 2.67 and a beta of 0.64. The firm’s 50 day simple moving average is $54.10 and its two-hundred day simple moving average is $52.10. Altria Group, Inc. has a 1-year low of $39.25 and a 1-year high of $58.03.

Altria Group (NYSE:MOGet Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.03. The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $5.33 billion. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. The firm’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.28 EPS. Equities analysts forecast that Altria Group, Inc. will post 5.13 earnings per share for the current fiscal year.

Altria Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 26th were paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 7.97%. The ex-dividend date of this dividend was Thursday, December 26th. Altria Group’s payout ratio is 68.92%.

About Altria Group

(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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