Allen Mooney & Barnes Investment Advisors LLC Lowers Stock Holdings in Altria Group, Inc. (NYSE:MO)

Allen Mooney & Barnes Investment Advisors LLC lowered its position in shares of Altria Group, Inc. (NYSE:MO) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 190,563 shares of the company’s stock after selling 1,051 shares during the period. Altria Group accounts for about 1.7% of Allen Mooney & Barnes Investment Advisors LLC’s holdings, making the stock its 26th biggest position. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Altria Group were worth $9,965,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MO. True Wealth Design LLC grew its position in shares of Altria Group by 420.0% during 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 in the last quarter. Legacy Investment Solutions LLC bought a new stake in Altria Group during the third quarter valued at $34,000. Peterson Financial Group Inc. purchased a new position in Altria Group during the third quarter worth about $41,000. Fairman Group LLC increased its stake in 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 acquiring an additional 410 shares during the last quarter. Finally, Legend Financial Advisors Inc. purchased a new stake in shares of Altria Group in the 4th quarter valued at about $52,000. Institutional investors own 57.41% of the company’s stock.

Analyst Ratings Changes

MO has been the topic of several research analyst reports. Bank of America upgraded shares of Altria Group from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $55.00 to $65.00 in a research report on Friday, December 6th. StockNews.com upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Stifel Nicolaus increased their target price on Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Citigroup lifted their price target on Altria Group from $44.50 to $48.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $53.33.

Altria Group Trading Up 0.9 %

MO opened at $51.32 on Wednesday. Altria Group, Inc. has a 12 month low of $39.25 and a 12 month high of $58.03. The business’s 50-day moving average price is $54.44 and its 200-day moving average price is $51.92. The company has a market cap of $86.98 billion, a P/E ratio of 8.67, a P/E/G ratio of 3.03 and a beta of 0.64.

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

Altria Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 26th were issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 7.95%. The ex-dividend date was Thursday, December 26th. Altria Group’s dividend payout ratio (DPR) is presently 68.92%.

Altria Group 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.