Leo Wealth LLC Sells 714 Shares of Altria Group, Inc. (NYSE:MO)

Leo Wealth LLC reduced its position in Altria Group, Inc. (NYSE:MO) by 4.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,378 shares of the company’s stock after selling 714 shares during the period. Leo Wealth LLC’s holdings in Altria Group were worth $804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of MO. Financial Life Planners bought a new stake in Altria Group during the fourth quarter valued at about $25,000. True Wealth Design LLC lifted 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 buying an additional 462 shares in the last quarter. Legacy Investment Solutions LLC bought a new position in shares of Altria Group during the 3rd quarter valued at approximately $34,000. Peterson Financial Group Inc. purchased a new stake in Altria Group in the 3rd quarter worth approximately $41,000. Finally, Fairman Group LLC raised its stake in Altria Group by 85.1% during the 3rd quarter. Fairman Group LLC now owns 892 shares of the company’s stock worth $46,000 after acquiring an additional 410 shares during the period. 57.41% of the stock is owned by hedge funds and other institutional investors.

Altria Group Price Performance

Shares of MO opened at $52.65 on Friday. The business’s 50 day simple moving average is $53.19 and its 200-day simple moving average is $52.42. Altria Group, Inc. has a 1 year low of $39.25 and a 1 year high of $58.03. The stock has a market capitalization of $89.24 billion, a price-to-earnings ratio of 8.04, a price-to-earnings-growth ratio of 2.78 and a beta of 0.64.

Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, January 30th. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.28 by $0.01. Altria Group had a net margin of 46.90% and a negative return on equity of 258.72%. On average, sell-side analysts expect that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors 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 yield of 7.75%. Altria Group’s dividend payout ratio is currently 62.29%.

Analyst Ratings Changes

A number of research firms have weighed in on MO. Bank of America upgraded shares of Altria Group from a “neutral” rating to a “buy” rating and upped their price target for the stock from $55.00 to $65.00 in a research report on Friday, December 6th. 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 note on Friday, November 1st. Morgan Stanley decreased their price target on Altria Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft increased their target price 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, StockNews.com upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Altria Group currently has an average rating of “Hold” and a consensus target price of $53.29.

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.