Altria Group, Inc. (NYSE:MO) Shares Sold by Well Done LLC

Well Done LLC cut its stake in Altria Group, Inc. (NYSE:MO) by 4.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,762 shares of the company’s stock after selling 258 shares during the period. Well Done LLC’s holdings in Altria Group were worth $346,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of MO. Raymond James Financial Inc. acquired a new stake in shares of Altria Group in the fourth quarter worth approximately $137,536,000. Charles Schwab Investment Management Inc. boosted its position in shares of Altria Group by 4.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 59,805,286 shares of the company’s stock worth $3,127,218,000 after acquiring an additional 2,296,972 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Altria Group by 6,969.4% in the first quarter. GAMMA Investing LLC now owns 2,162,401 shares of the company’s stock worth $129,787,000 after acquiring an additional 2,131,813 shares during the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in shares of Altria Group in the fourth quarter worth approximately $91,000. Finally, Northern Trust Corp boosted its position in shares of Altria Group by 9.6% in the fourth quarter. Northern Trust Corp now owns 16,432,535 shares of the company’s stock worth $859,257,000 after acquiring an additional 1,444,021 shares during the last quarter. 57.41% of the stock is owned by institutional investors and hedge funds.

Altria Group Stock Up 0.7%

MO opened at $59.41 on Thursday. The firm has a market capitalization of $100.07 billion, a P/E ratio of 9.95, a P/E/G ratio of 3.44 and a beta of 0.60. The firm’s 50 day moving average is $58.92 and its 200-day moving average is $56.14. Altria Group, Inc. has a 52-week low of $44.53 and a 52-week high of $61.26.

Altria Group (NYSE:MO) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.04. The company had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.64 billion. Altria Group had a net margin of 43.09% and a negative return on equity of 295.44%. The business’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.15 earnings per share. Equities analysts expect that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Monday, June 16th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 6.87%. The ex-dividend date is Monday, June 16th. Altria Group’s payout ratio is currently 68.34%.

Wall Street Analyst Weigh In

MO has been the topic of several research reports. Barclays raised their price target on shares of Altria Group from $46.00 to $49.00 and gave the company an “underweight” rating in a report on Friday, May 2nd. Needham & Company LLC upgraded shares of Altria Group to a “hold” rating in a report on Thursday, May 22nd. Stifel Nicolaus raised their price target on shares of Altria Group from $60.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft set a $60.00 price target on shares of Altria Group in a report on Tuesday, April 1st. Finally, Citigroup raised their price target on shares of Altria Group from $52.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Altria Group presently has an average 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.