Altria Group, Inc. (NYSE:MO) Shares Sold by ORG Partners LLC

by · The Markets Daily

ORG Partners LLC reduced its position in shares of Altria Group, Inc. (NYSE:MO – Free Report) by 46.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,991 shares of the company’s stock after selling 25,608 shares during the period. ORG Partners LLC’s holdings in Altria Group were worth $1,261,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich raised its holdings in Altria Group by 100,097.6% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,100,359,981 shares of the company’s stock valued at $49,846,307,000 after buying an additional 1,099,261,791 shares during the period. Moneta Group Investment Advisors LLC increased its stake in shares of Altria Group by 108,222.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 18,590,308 shares of the company’s stock worth $849,763,000 after buying an additional 18,573,146 shares during the last quarter. Capital World Investors increased its stake in shares of Altria Group by 8.5% in the second quarter. Capital World Investors now owns 96,401,945 shares of the company’s stock worth $4,367,008,000 after buying an additional 7,546,851 shares during the last quarter. Truist Financial Corp increased its stake in shares of Altria Group by 240.6% in the second quarter. Truist Financial Corp now owns 4,425,386 shares of the company’s stock worth $200,470,000 after buying an additional 3,126,027 shares during the last quarter. Finally, Bank of Montreal Can bought a new stake in shares of Altria Group in the second quarter worth $130,228,000. 58.94% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on MO. StockNews.com upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a research report on Friday, January 12th. Bank of America cut their price target on shares of Altria Group from $49.00 to $47.00 in a report on Monday, October 9th. Citigroup reduced their price objective on shares of Altria Group from $46.50 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, October 18th. UBS Group dropped their price objective on Altria Group from $40.40 to $39.20 and set a “sell” rating on the stock in a report on Friday, October 6th. Finally, Jefferies Financial Group upped their target price on Altria Group from $55.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Altria Group presently has an average rating of “Hold” and an average target price of $47.53.

Check Out Our Latest Report on Altria Group

Insider Activity

In related news, Director Robert Matthews Davis bought 1,200 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were bought at an average price of $40.50 per share, for a total transaction of $48,600.00. Following the completion of the acquisition, the director now directly owns 8,473 shares of the company’s stock, valued at $343,156.50. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.07% of the company’s stock.

Altria Group Trading Up 0.3 %

MO traded up $0.14 on Monday, reaching $40.47. The stock had a trading volume of 4,582,532 shares, compared to its average volume of 8,471,477. Altria Group, Inc. has a fifty-two week low of $39.06 and a fifty-two week high of $51.57. The firm has a 50-day moving average of $41.20 and a 200-day moving average of $42.54. The company has a market capitalization of $71.58 billion, a price-to-earnings ratio of 8.23, a price-to-earnings-growth ratio of 2.61 and a beta of 0.64.

Altria Group (NYSE:MO – Get Free Report) last announced its earnings results on Thursday, October 26th. The company reported $1.28 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.01). The business had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.43 billion. Altria Group had a net margin of 35.58% and a negative return on equity of 237.91%. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.28 EPS. Sell-side analysts anticipate that Altria Group, Inc. will post 4.96 EPS for the current fiscal year.

Altria Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Thursday, December 21st were issued a $0.98 dividend. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 9.69%. Altria Group’s dividend payout ratio is presently 79.84%.

Altria Group Company Profile

(Free Report)

Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company provides cigarettes primarily under the Marlboro brand; cigars and pipe tobacco principally under the Black & Mild brand; moist smokeless tobacco products and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; and on! oral nicotine pouches.

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