Altria Group, Inc. (NYSE:MO) Shares Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC lowered its stake in shares of Altria Group, Inc. (NYSE:MO) by 17.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,537 shares of the company’s stock after selling 4,619 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Altria Group were worth $1,178,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MO. True Wealth Design LLC boosted its position in Altria Group by 420.0% during the 3rd quarter. True Wealth Design LLC now owns 572 shares of the company’s stock worth $29,000 after acquiring an additional 462 shares during the period. Legacy Investment Solutions LLC acquired a new position in Altria Group during the 3rd quarter worth $34,000. Peterson Financial Group Inc. acquired a new position in Altria Group during the 3rd quarter worth $41,000. Fairman Group LLC boosted its position in Altria Group by 85.1% during the 3rd quarter. Fairman Group LLC now owns 892 shares of the company’s stock worth $46,000 after acquiring an additional 410 shares during the period. Finally, IFS Advisors LLC boosted its position in Altria Group by 330.4% during the 4th quarter. IFS Advisors LLC now owns 977 shares of the company’s stock worth $51,000 after acquiring an additional 750 shares during the period. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Price Performance

Shares of NYSE MO opened at $52.54 on Wednesday. The business’s 50-day moving average price is $53.88 and its two-hundred day moving average price is $52.26. Altria Group, Inc. has a one year low of $39.25 and a one year high of $58.03. The company has a market capitalization of $89.04 billion, a P/E ratio of 8.87, a price-to-earnings-growth ratio of 2.67 and a beta of 0.64.

Altria Group (NYSE:MO) last issued its earnings results on Thursday, October 31st. The company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $5.33 billion. During the same quarter in the previous year, the company posted $1.28 earnings per share. The business’s quarterly revenue was up 18.6% compared to the same quarter last year. On average, equities analysts anticipate that Altria Group, Inc. will post 5.13 EPS for the current year.

Altria Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 26th were paid a $1.02 dividend. The ex-dividend date was Thursday, December 26th. This represents a $4.08 dividend on an annualized basis and a yield of 7.77%. Altria Group’s dividend payout ratio (DPR) is currently 68.92%.

Wall Street Analysts Forecast Growth

MO has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Barclays boosted their price objective on Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Citigroup boosted their price objective on Altria Group from $44.50 to $48.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Morgan Stanley began coverage on Altria Group in a research note on Thursday, January 16th. They issued an “equal weight” rating and a $54.00 price objective on the stock. Finally, 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. Two equities 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 MarketBeat.com, Altria Group presently has a consensus rating of “Hold” and a consensus price target of $53.43.

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.