Good Life Advisors LLC Sells 1,375 Shares of Altria Group, Inc. (NYSE:MO)

Good Life Advisors LLC trimmed its holdings in Altria Group, Inc. (NYSE:MO) by 1.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,270 shares of the company’s stock after selling 1,375 shares during the quarter. Good Life Advisors LLC’s holdings in Altria Group were worth $4,354,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MO. Vest Financial LLC bought a new position in shares of Altria Group during the 3rd quarter valued at approximately $453,000. Allspring Global Investments Holdings LLC boosted its position in shares of Altria Group by 25.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 457,536 shares of the company’s stock valued at $23,353,000 after acquiring an additional 93,654 shares during the last quarter. Koss Olinger Consulting LLC bought a new position in shares of Altria Group during the 3rd quarter valued at approximately $292,000. Evernest Financial Advisors LLC bought a new position in shares of Altria Group during the 3rd quarter valued at approximately $261,000. Finally, Foundations Investment Advisors LLC boosted its position in shares of Altria Group by 117.5% during the 3rd quarter. Foundations Investment Advisors LLC now owns 224,176 shares of the company’s stock valued at $11,442,000 after acquiring an additional 121,083 shares during the last quarter. 57.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Stifel Nicolaus increased their price target on Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Bank of America upgraded Altria Group from a “neutral” rating to a “buy” rating and increased their price target for the company from $55.00 to $65.00 in a report on Friday, December 6th. StockNews.com upgraded Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Barclays increased their price target on Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $53.29.

Altria Group Stock Down 1.1 %

MO stock opened at $52.70 on Wednesday. The business’s fifty day simple moving average is $52.65 and its two-hundred day simple moving average is $52.65. Altria Group, Inc. has a twelve month low of $39.25 and a twelve month high of $58.03. The firm has a market cap of $89.31 billion, a price-to-earnings ratio of 8.05, a PEG ratio of 2.83 and a beta of 0.64.

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

Altria Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 26th were paid a dividend of $1.02 per share. The ex-dividend date was Thursday, December 26th. This represents a $4.08 annualized dividend and a dividend yield of 7.74%. Altria Group’s dividend payout ratio is currently 62.29%.

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.