MONECO Advisors LLC Has $2.76 Million Stake in Altria Group, Inc. (NYSE:MO)

MONECO Advisors LLC decreased its position in Altria Group, Inc. (NYSE:MO) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,811 shares of the company’s stock after selling 293 shares during the quarter. MONECO Advisors LLC’s holdings in Altria Group were worth $2,761,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Life Planners acquired a new position in shares of Altria Group in the fourth quarter valued at approximately $25,000. True Wealth Design LLC grew its position 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 buying an additional 462 shares in the last quarter. Marshall Investment Management LLC acquired a new stake in Altria Group during the fourth quarter worth approximately $32,000. Legacy Investment Solutions LLC acquired a new stake in Altria Group during the third quarter worth approximately $34,000. Finally, Kestra Investment Management LLC acquired a new stake in Altria Group during the fourth quarter worth approximately $40,000. Institutional investors and hedge funds own 57.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on MO shares. Deutsche Bank Aktiengesellschaft increased their price target on Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Bank of America raised Altria Group from a “neutral” rating to a “buy” rating and increased their price target for the stock from $55.00 to $65.00 in a research report on Friday, December 6th. Morgan Stanley reduced their price target on Altria Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Barclays increased their price target on Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Finally, Stifel Nicolaus increased their price target on Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Altria Group has an average rating of “Hold” and an average target price of $53.29.

Altria Group Price Performance

NYSE MO opened at $55.01 on Friday. Altria Group, Inc. has a fifty-two week low of $39.25 and a fifty-two week high of $58.03. The stock has a market capitalization of $93.22 billion, a PE ratio of 8.40, a PEG ratio of 2.89 and a beta of 0.64. The business has a fifty day moving average price of $52.61 and a two-hundred day moving average price of $52.73.

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 negative return on equity of 258.72% and a net margin of 46.90%. As a group, sell-side analysts expect that Altria Group, Inc. will post 5.32 earnings per share 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 $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 7.42%. The ex-dividend date was Thursday, December 26th. Altria Group’s payout ratio is 62.29%.

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.