Atlas Wealth Partners LLC Has $251,000 Stake in Altria Group, Inc. (NYSE:MO)

Atlas Wealth Partners LLC decreased its stake in shares of Altria Group, Inc. (NYSE:MO) by 4.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 4,768 shares of the company’s stock after selling 200 shares during the quarter. Atlas Wealth Partners LLC’s holdings in Altria Group were worth $251,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Financial Life Planners acquired a new stake in Altria Group during the fourth quarter worth $25,000. True Wealth Design LLC boosted 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 in the last quarter. Legacy Investment Solutions LLC acquired a new position in Altria Group in the third quarter worth about $34,000. Peterson Financial Group Inc. bought a new position in Altria Group during the third quarter worth 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 valued at $46,000 after purchasing an additional 410 shares in the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on MO shares. StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Barclays increased their price objective on Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Morgan Stanley reduced their target price on shares of Altria Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Stifel Nicolaus upped their target price on shares of Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Bank of America raised shares of Altria Group from a “neutral” rating to a “buy” rating and lifted their price target for the company from $55.00 to $65.00 in a report on Friday, December 6th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $53.29.

Altria Group Stock Up 0.1 %

Shares of NYSE MO opened at $53.90 on Wednesday. The company has a market cap of $91.34 billion, a price-to-earnings ratio of 8.23, a price-to-earnings-growth ratio of 2.80 and a beta of 0.64. Altria Group, Inc. has a 12-month low of $39.25 and a 12-month high of $58.03. The firm’s 50-day simple moving average is $53.02 and its 200 day simple moving average is $52.52.

Altria Group (NYSE:MO) last announced its earnings results on Thursday, January 30th. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, equities analysts expect that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 26th were paid 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 7.57%. Altria Group’s dividend payout ratio (DPR) is currently 62.29%.

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.