Drucker Wealth 3.0 LLC Sells 507 Shares of Altria Group, Inc. (NYSE:MO)

Drucker Wealth 3.0 LLC lessened its stake in Altria Group, Inc. (NYSE:MO) by 2.8% in the fourth quarter, HoldingsChannel reports. The firm owned 17,460 shares of the company’s stock after selling 507 shares during the period. Drucker Wealth 3.0 LLC’s holdings in Altria Group were worth $913,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Financial Life Planners acquired a new position in shares of Altria Group during the fourth quarter worth about $25,000. Redwood Park Advisors LLC acquired a new position in Altria Group during the fourth quarter valued at approximately $26,000. VSM Wealth Advisory LLC acquired a new position in Altria Group during the fourth quarter valued at approximately $29,000. Marshall Investment Management LLC acquired a new position in Altria Group during the fourth quarter valued at approximately $32,000. Finally, Promus Capital LLC bought a new stake in Altria Group in the fourth quarter valued at approximately $33,000. Institutional investors own 57.41% of the company’s stock.

Altria Group Price Performance

Altria Group stock opened at $59.74 on Friday. The stock’s fifty day moving average price is $58.13 and its two-hundred day moving average price is $55.68. Altria Group, Inc. has a one year low of $43.83 and a one year high of $61.26. The firm has a market cap of $100.63 billion, a PE ratio of 9.12, a price-to-earnings-growth ratio of 2.89 and a beta of 0.60.

Altria Group (NYSE:MO) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.04. Altria Group had a negative return on equity of 258.72% and a net margin of 46.90%. The firm had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.64 billion. During the same quarter last year, the company earned $1.15 EPS. The company’s revenue was down 4.2% on a year-over-year basis. Sell-side analysts expect that Altria Group, Inc. will post 5.32 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 Thursday, July 10th. Shareholders of record on Monday, June 16th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $4.08 dividend on an annualized basis and a yield of 6.83%. Altria Group’s dividend payout ratio (DPR) is presently 68.34%.

Wall Street Analyst Weigh In

Several analysts have issued reports on MO shares. Citigroup upped their price objective on Altria Group from $52.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, April 25th. Deutsche Bank Aktiengesellschaft set a $60.00 price objective on Altria Group in a research note on Tuesday, April 1st. Morgan Stanley dropped their price objective on 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. Needham & Company LLC upgraded Altria Group to a “hold” rating in a research note on Thursday. Finally, Wall Street Zen lowered Altria Group from a “buy” rating to a “hold” rating in a research note on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $56.00.

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.