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

Personal CFO Solutions LLC lowered its holdings in Altria Group, Inc. (NYSE:MO) by 3.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund 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 reporting period.

Other hedge funds have also made changes to their positions in the company. Atlantic Union Bankshares Corp grew its stake in Altria Group by 11.7% during the 4th quarter. Atlantic Union Bankshares Corp now owns 98,096 shares of the company’s stock worth $5,129,000 after buying an additional 10,287 shares during the last quarter. Amundi grew its stake in Altria Group by 1.8% during the 4th quarter. Amundi now owns 710,094 shares of the company’s stock worth $36,563,000 after buying an additional 12,217 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its stake in Altria Group by 8.5% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 9,470 shares of the company’s stock worth $495,000 after buying an additional 745 shares during the last quarter. Naviter Wealth LLC purchased a new position in Altria Group during the 4th quarter worth approximately $225,000. Finally, Capital Management Corp VA grew its stake in Altria Group by 1.6% during the 4th quarter. Capital Management Corp VA now owns 122,681 shares of the company’s stock worth $6,415,000 after buying an additional 1,885 shares during the last quarter. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Altria Group Trading Up 1.4 %

Shares of MO stock opened at $57.79 on Friday. 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 twelve month low of $40.65 and a twelve month high of $58.59. The company has a market capitalization of $97.70 billion, a P/E ratio of 8.82, a price-to-earnings-growth ratio of 2.89 and a beta of 0.56.

Altria Group (NYSE:MO) last posted its quarterly earnings results on Thursday, January 30th. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.28 by $0.01. Altria Group had a negative return on equity of 258.72% and a net margin of 46.90%. As a group, equities analysts predict that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts recently issued reports on MO shares. Morgan Stanley dropped 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 upgraded Altria Group from a “neutral” rating to a “buy” rating and lifted their target price for the company from $55.00 to $65.00 in a research note on Friday, December 6th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average 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.