Doliver Advisors LP Sells 1,837 Shares of Altria Group, Inc. (NYSE:MO)

Doliver Advisors LP decreased its holdings in shares of Altria Group, Inc. (NYSE:MO) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,224 shares of the company’s stock after selling 1,837 shares during the quarter. Doliver Advisors LP’s holdings in Altria Group were worth $1,894,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. True Wealth Design LLC raised 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 acquiring an additional 462 shares during the last quarter. Valley Wealth Managers Inc. grew its stake in shares of Altria Group by 63.9% during the second quarter. Valley Wealth Managers Inc. now owns 667 shares of the company’s stock worth $30,000 after purchasing an additional 260 shares during the period. Legacy Investment Solutions LLC acquired a new position in Altria Group in the third quarter valued at about $34,000. Peterson Financial Group Inc. acquired a new position in Altria Group in the third quarter valued at about $41,000. Finally, Fairman Group LLC boosted its holdings in Altria Group by 85.1% during the third quarter. Fairman Group LLC now owns 892 shares of the company’s stock worth $46,000 after buying an additional 410 shares during the last quarter. 57.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. StockNews.com upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. UBS Group lifted their target price on Altria Group from $39.00 to $41.00 and gave the stock a “sell” rating in a report on Monday, September 9th. 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 report on Friday, November 1st. Citigroup lifted their price objective on Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Finally, Stifel Nicolaus boosted their price objective on Altria Group from $54.00 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 given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $53.33.

Altria Group Stock Performance

NYSE MO traded down $0.81 during trading on Monday, hitting $52.33. The stock had a trading volume of 3,157,748 shares, compared to its average volume of 4,718,428. 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 $54.60 and its two-hundred day moving average price is $51.65. The company has a market capitalization of $88.69 billion, a PE ratio of 8.84, a P/E/G ratio of 3.03 and a beta of 0.63.

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

Altria Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, December 26th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 7.80%. The ex-dividend date is Thursday, December 26th. Altria Group’s dividend payout ratio is currently 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.