Altria Group, Inc. (NYSE:MO) Stock Holdings Trimmed by FLC Capital Advisors

FLC Capital Advisors lessened its holdings in shares of Altria Group, Inc. (NYSE:MO) by 2.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 14,044 shares of the company’s stock after selling 352 shares during the quarter. FLC Capital Advisors’ holdings in Altria Group were worth $734,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

MO has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Stifel Nicolaus lifted their price objective on shares of Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Citigroup increased their target price on shares of Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Bank of America upgraded shares of Altria Group from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $55.00 to $65.00 in a research report on Friday, December 6th. Finally, Barclays increased their price objective on Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $53.43.

Altria Group Stock Up 1.5 %

Shares of NYSE:MO opened at $51.92 on Monday. The company has a market cap of $87.99 billion, a P/E ratio of 8.77, a price-to-earnings-growth ratio of 2.69 and a beta of 0.64. The company’s fifty day moving average is $54.29 and its two-hundred day moving average is $51.99. Altria Group, Inc. has a 12-month low of $39.25 and a 12-month high of $58.03.

Altria Group (NYSE:MO) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.03. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. The firm had revenue of $6.26 billion for the quarter, compared to analyst estimates of $5.33 billion. During the same period in the previous year, the firm earned $1.28 earnings per share. Altria Group’s quarterly revenue was up 18.6% on a year-over-year basis. Equities research analysts anticipate that Altria Group, Inc. will post 5.12 earnings per share for the current year.

Altria Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 26th were issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 7.86%. The ex-dividend date was Thursday, December 26th. Altria Group’s dividend payout ratio is currently 68.92%.

About Altria Group

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.