Kwmg LLC Reduces Stake in Altria Group, Inc. (NYSE:MO)

Kwmg LLC lessened its stake in shares of Altria Group, Inc. (NYSE:MO) by 1.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 125,199 shares of the company’s stock after selling 1,911 shares during the period. Kwmg LLC’s holdings in Altria Group were worth $6,547,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. True Wealth Design LLC raised its stake 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 during the period. Legacy Investment Solutions LLC purchased a new stake in shares of Altria Group during the 3rd quarter valued at approximately $34,000. Peterson Financial Group Inc. acquired a new position in Altria Group in the third quarter valued at approximately $41,000. Fairman Group LLC grew its position 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 during the period. Finally, Legend Financial Advisors Inc. acquired a new stake in Altria Group during the fourth quarter worth $52,000. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Stock Down 0.1 %

Altria Group stock traded down $0.03 during mid-day trading on Monday, reaching $50.84. 4,097,530 shares of the company’s stock were exchanged, compared to its average volume of 6,389,437. The company has a fifty day moving average of $54.56 and a 200-day moving average of $51.84. The company has a market cap of $86.16 billion, a P/E ratio of 8.59, a P/E/G ratio of 3.03 and a beta of 0.64. Altria Group, Inc. has a twelve month low of $39.25 and a twelve month high of $58.03.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.38 earnings per share (EPS) 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 business had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $5.33 billion. During the same period last year, the firm earned $1.28 earnings per share. The company’s revenue for the quarter was up 18.6% compared to the same quarter last year. Equities research analysts expect that Altria Group, Inc. will post 5.12 earnings per share for the current fiscal year.

Altria Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 26th were given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 8.03%. The ex-dividend date of this dividend was Thursday, December 26th. Altria Group’s dividend payout ratio is presently 68.92%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Barclays upped their price target on Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Stifel Nicolaus upped their target price on shares of Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Bank of America upgraded shares of Altria Group from a “neutral” rating to a “buy” rating and lifted their price target for the company from $55.00 to $65.00 in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, StockNews.com upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $53.33.

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.