Y.D. More Investments Ltd Sells 276 Shares of Altria Group, Inc. (NYSE:MO)

Y.D. More Investments Ltd lessened its holdings in shares of Altria Group, Inc. (NYSE:MO) by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,741 shares of the company’s stock after selling 276 shares during the quarter. Y.D. More Investments Ltd’s holdings in Altria Group were worth $196,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Czech National Bank boosted its holdings in shares of Altria Group by 6.2% in the 3rd quarter. Czech National Bank now owns 347,576 shares of the company’s stock worth $17,740,000 after purchasing an additional 20,265 shares in the last quarter. Diversified Trust Co boosted its stake in Altria Group by 2.2% in the third quarter. Diversified Trust Co now owns 12,391 shares of the company’s stock worth $632,000 after buying an additional 263 shares in the last quarter. Callan Family Office LLC bought a new position in Altria Group during the third quarter valued at approximately $210,000. Atomi Financial Group Inc. grew its position in Altria Group by 32.7% during the third quarter. Atomi Financial Group Inc. now owns 11,566 shares of the company’s stock valued at $590,000 after acquiring an additional 2,851 shares during the last quarter. Finally, Brookstone Capital Management raised its stake in shares of Altria Group by 0.6% during the third quarter. Brookstone Capital Management now owns 112,740 shares of the company’s stock worth $5,754,000 after acquiring an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Altria Group Price Performance

MO opened at $52.58 on Thursday. Altria Group, Inc. has a one year low of $39.25 and a one year high of $58.03. The business has a 50 day simple moving average of $53.39 and a two-hundred day simple moving average of $52.42. The firm has a market capitalization of $89.11 billion, a price-to-earnings ratio of 8.03, a PEG ratio of 2.78 and a beta of 0.64.

Altria Group (NYSE:MO) last announced its 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 EPS for the current fiscal year.

Altria Group Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 7.76%. Altria Group’s dividend payout ratio is 62.29%.

Analysts Set New Price Targets

Several equities analysts recently commented on MO shares. Barclays increased their target price on shares of Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Bank of America raised Altria Group from a “neutral” rating to a “buy” rating and raised their price objective for the company from $55.00 to $65.00 in a research note on Friday, December 6th. StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised 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. Finally, Morgan Stanley lowered their price objective on Altria Group from $54.00 to $53.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Altria Group currently has a consensus rating of “Hold” and a consensus price target 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.