Householder Group Estate & Retirement Specialist LLC Sells 12,261 Shares of Altria Group, Inc. (NYSE:MO)

Householder Group Estate & Retirement Specialist LLC lowered its stake in shares of Altria Group, Inc. (NYSE:MO) by 96.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 513 shares of the company’s stock after selling 12,261 shares during the quarter. Householder Group Estate & Retirement Specialist LLC’s holdings in Altria Group were worth $26,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Relyea Zuckerberg Hanson LLC bought a new position in Altria Group in the 4th quarter valued at $386,000. CNB Bank grew its position in Altria Group by 46.8% in the 4th quarter. CNB Bank now owns 3,329 shares of the company’s stock valued at $174,000 after acquiring an additional 1,062 shares during the last quarter. Everpar Advisors LLC grew its position in Altria Group by 6.1% in the 4th quarter. Everpar Advisors LLC now owns 4,745 shares of the company’s stock valued at $248,000 after acquiring an additional 271 shares during the last quarter. Tompkins Financial Corp grew its position in Altria Group by 96.8% in the 4th quarter. Tompkins Financial Corp now owns 12,201 shares of the company’s stock valued at $638,000 after acquiring an additional 6,000 shares during the last quarter. Finally, Yarger Wealth Strategies LLC grew its position in Altria Group by 3.0% in the 4th quarter. Yarger Wealth Strategies LLC now owns 7,603 shares of the company’s stock valued at $398,000 after acquiring an additional 223 shares during the last quarter. Institutional investors own 57.41% of the company’s stock.

Altria Group Price Performance

Shares of NYSE MO opened at $51.92 on Friday. The stock has a market capitalization of $87.99 billion, a P/E ratio of 8.77, a price-to-earnings-growth ratio of 2.69 and a beta of 0.64. Altria Group, Inc. has a 1-year low of $39.25 and a 1-year high of $58.03. The business has a fifty day moving average price of $54.29 and a 200 day moving average price of $51.95.

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

Altria Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 26th were paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 7.86%. The ex-dividend date was Thursday, December 26th. Altria Group’s dividend payout ratio (DPR) is currently 68.92%.

Analyst Upgrades and Downgrades

MO has been the topic of several research analyst reports. Barclays upped their price objective on Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Citigroup upped their target price on Altria Group from $44.50 to $48.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Bank of America upgraded Altria Group from a “neutral” rating to a “buy” rating and upped their target price for the stock from $55.00 to $65.00 in a report on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $53.43.

About Altria Group

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.