Fiduciary Financial Group LLC Has $335,000 Holdings in Altria Group, Inc. (NYSE:MO)

Fiduciary Financial Group LLC lessened its holdings in Altria Group, Inc. (NYSE:MO) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,594 shares of the company’s stock after selling 210 shares during the period. Fiduciary Financial Group LLC’s holdings in Altria Group were worth $335,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Ignite Planners LLC lifted its stake in shares of Altria Group by 9.6% in the 4th quarter. Ignite Planners LLC now owns 24,866 shares of the company’s stock valued at $1,321,000 after purchasing an additional 2,169 shares during the last quarter. Rosenberg Matthew Hamilton lifted its stake in shares of Altria Group by 28.8% in the 4th quarter. Rosenberg Matthew Hamilton now owns 1,247 shares of the company’s stock valued at $65,000 after purchasing an additional 279 shares during the last quarter. Exeter Financial LLC lifted its stake in shares of Altria Group by 6.1% in the 4th quarter. Exeter Financial LLC now owns 21,380 shares of the company’s stock valued at $1,118,000 after purchasing an additional 1,221 shares during the last quarter. Marcum Wealth LLC lifted its position in Altria Group by 7.0% during the 4th quarter. Marcum Wealth LLC now owns 60,763 shares of the company’s stock worth $3,177,000 after acquiring an additional 3,969 shares during the last quarter. Finally, Signet Financial Management LLC acquired a new position in Altria Group during the 4th quarter worth $278,000. Institutional investors and hedge funds own 57.41% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Citigroup boosted their target price on shares of Altria Group from $44.50 to $48.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Stifel Nicolaus boosted their price objective on shares of Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Barclays upped their target price on shares of Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Bank of America raised shares of Altria Group from a “neutral” rating to a “buy” rating and upped their target price for the company from $55.00 to $65.00 in a research note on Friday, December 6th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $53.33.

Altria Group Stock Up 0.9 %

NYSE:MO opened at $51.32 on Wednesday. The firm has a market cap of $86.98 billion, a PE ratio of 8.67, a price-to-earnings-growth ratio of 3.03 and a beta of 0.64. Altria Group, Inc. has a 12 month low of $39.25 and a 12 month high of $58.03. The company’s 50-day moving average price is $54.44 and its two-hundred day moving average price is $51.92.

Altria Group (NYSE:MO) last released its quarterly 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. The firm had revenue of $6.26 billion for the quarter, compared to analyst estimates of $5.33 billion. Altria Group had a net margin of 42.82% and a negative return on equity of 233.80%. The company’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.28 earnings per share. On average, research analysts expect that Altria Group, Inc. will post 5.12 EPS for the current fiscal year.

Altria Group Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 7.95%. Altria Group’s payout ratio is 68.92%.

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.