JSF Financial LLC Sells 1,114 Shares of Altria Group, Inc. (NYSE:MO)

JSF Financial LLC reduced its position in shares of Altria Group, Inc. (NYSE:MO) by 22.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,830 shares of the company’s stock after selling 1,114 shares during the period. JSF Financial LLC’s holdings in Altria Group were worth $200,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of MO. Financial Life Planners acquired a new position in Altria Group during the 4th quarter worth $25,000. True Wealth Design LLC lifted its stake in shares of Altria Group by 420.0% during the third quarter. True Wealth Design LLC now owns 572 shares of the company’s stock valued at $29,000 after acquiring an additional 462 shares during the period. Legacy Investment Solutions LLC bought a new position in Altria Group in the third quarter valued at about $34,000. Peterson Financial Group Inc. acquired a new stake in Altria Group in the third quarter worth about $41,000. Finally, Fairman Group LLC raised its holdings 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 purchasing an additional 410 shares during the last quarter. 57.41% of the stock is currently owned by institutional investors.

Altria Group Stock Up 2.2 %

NYSE:MO opened at $53.84 on Tuesday. The firm has a market capitalization of $91.24 billion, a price-to-earnings ratio of 8.22, a price-to-earnings-growth ratio of 2.80 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. The stock’s 50 day moving average price is $53.09 and its two-hundred day moving average price is $52.49.

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

Altria Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 26th were given a $1.02 dividend. 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 7.58%. Altria Group’s payout ratio is 62.29%.

Wall Street Analysts Forecast Growth

MO has been the topic of several recent research reports. Stifel Nicolaus raised their target price on shares of Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Barclays raised 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. Morgan Stanley dropped their target price on shares of Altria Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Finally, Bank of America upgraded shares of Altria Group from a “neutral” rating to a “buy” rating and upped their price target for the company from $55.00 to $65.00 in a report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $53.29.

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.