Caitlin John LLC Has $206,000 Stock Position in Altria Group, Inc. (NYSE:MO)

Caitlin John LLC lessened its position in Altria Group, Inc. (NYSE:MO) by 4.8% in the fourth quarter, HoldingsChannel reports. The fund owned 3,935 shares of the company’s stock after selling 200 shares during the quarter. Caitlin John LLC’s holdings in Altria Group were worth $206,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in MO. Bleakley Financial Group LLC increased its stake in Altria Group by 14.7% during the 4th quarter. Bleakley Financial Group LLC now owns 38,361 shares of the company’s stock valued at $2,006,000 after purchasing an additional 4,924 shares in the last quarter. Brandywine Oak Private Wealth LLC grew its holdings in shares of Altria Group by 73.5% during the fourth quarter. Brandywine Oak Private Wealth LLC now owns 7,168 shares of the company’s stock valued at $375,000 after buying an additional 3,036 shares during the last quarter. Long Run Wealth Advisors LLC increased its position in shares of Altria Group by 64.3% during the fourth quarter. Long Run Wealth Advisors LLC now owns 8,464 shares of the company’s stock worth $443,000 after acquiring an additional 3,312 shares in the last quarter. Centennial Wealth Advisory LLC raised its holdings in shares of Altria Group by 6.5% in the 4th quarter. Centennial Wealth Advisory LLC now owns 17,508 shares of the company’s stock worth $915,000 after acquiring an additional 1,066 shares during the last quarter. Finally, Robertson Stephens Wealth Management LLC lifted its position in Altria Group by 7.8% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 6,029 shares of the company’s stock valued at $321,000 after acquiring an additional 437 shares in the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Deutsche Bank Aktiengesellschaft boosted their price objective on Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a report 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 for the company in a report on Friday, January 31st. Bank of America upgraded Altria Group from a “neutral” rating to a “buy” rating and raised their price objective for the company from $55.00 to $65.00 in a research note on Friday, December 6th. StockNews.com upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Finally, Barclays raised their price target on shares of Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Altria Group has a consensus rating of “Hold” and an average price target of $53.29.

Altria Group Price Performance

NYSE MO opened at $52.58 on Thursday. The business’s fifty day moving average is $53.39 and its 200-day moving average is $52.42. The stock has a market capitalization of $89.11 billion, a price-to-earnings ratio of 8.03, a PEG ratio of 2.78 and a beta of 0.64. Altria Group, Inc. has a one year low of $39.25 and a one year high of $58.03.

Altria Group (NYSE:MO) last released its earnings results on Thursday, January 30th. The company reported $1.29 earnings per share for the quarter, beating 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%. Research analysts expect that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.

Altria Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 26th were issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 7.76%. The ex-dividend date was Thursday, December 26th. Altria Group’s dividend payout ratio (DPR) is 62.29%.

Altria Group 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.