Personal CFO Solutions LLC Reduces Stake in Altria Group, Inc. (NYSE:MO)

Personal CFO Solutions LLC reduced its stake in Altria Group, Inc. (NYSE:MO) by 3.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,210 shares of the company’s stock after selling 1,756 shares during the quarter. Personal CFO Solutions LLC’s holdings in Altria Group were worth $2,521,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MO. Financial Life Planners acquired a new position in shares of Altria Group in the 4th quarter valued at $25,000. True Wealth Design LLC lifted its stake in shares of Altria Group by 420.0% in the 3rd quarter. True Wealth Design LLC now owns 572 shares of the company’s stock valued at $29,000 after purchasing an additional 462 shares during the last quarter. Legacy Investment Solutions LLC acquired a new position in shares of Altria Group in the 3rd quarter valued at $34,000. Marshall Investment Management LLC acquired a new position in shares of Altria Group in the 4th quarter valued at $32,000. Finally, Promus Capital LLC acquired a new position in shares of Altria Group in the 4th quarter valued at $33,000. 57.41% of the stock is currently owned by hedge funds and other institutional investors.

Altria Group Price Performance

MO stock opened at $57.79 on Friday. The firm has a market capitalization of $97.70 billion, a P/E ratio of 8.82, a P/E/G ratio of 2.89 and a beta of 0.56. The business’s 50-day moving average is $53.15 and its two-hundred day moving average is $53.10. Altria Group, Inc. has a 1 year low of $40.65 and a 1 year high of $58.59.

Altria Group (NYSE:MO) last posted its quarterly 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 negative return on equity of 258.72% and a net margin of 46.90%. On average, analysts expect that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, March 25th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 7.06%. The ex-dividend date is Tuesday, March 25th. Altria Group’s dividend payout ratio is currently 62.29%.

Analyst Ratings Changes

Several brokerages have recently commented on MO. Morgan Stanley decreased their price target on Altria Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Bank of America raised Altria Group from a “neutral” rating to a “buy” rating and increased their target price for the stock from $55.00 to $65.00 in a research note on Friday, December 6th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $53.29.

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.