Level Four Advisory Services LLC Reduces Stock Position in Altria Group, Inc. (NYSE:MO)

Level Four Advisory Services LLC trimmed its position in Altria Group, Inc. (NYSE:MOFree Report) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,765 shares of the company’s stock after selling 702 shares during the period. Level Four Advisory Services LLC’s holdings in Altria Group were worth $2,492,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MO. FSC Wealth Advisors LLC grew its holdings in Altria Group by 21.3% in the fourth quarter. FSC Wealth Advisors LLC now owns 2,719 shares of the company’s stock valued at $110,000 after purchasing an additional 477 shares during the period. Bruce G. Allen Investments LLC purchased a new stake in Altria Group during the fourth quarter valued at about $39,000. KPP Advisory Services LLC acquired a new position in shares of Altria Group in the 3rd quarter valued at about $3,128,000. Axxcess Wealth Management LLC grew its holdings in shares of Altria Group by 293.6% during the 3rd quarter. Axxcess Wealth Management LLC now owns 55,546 shares of the company’s stock worth $2,336,000 after purchasing an additional 41,432 shares during the period. Finally, Nordea Investment Management AB increased its position in Altria Group by 0.5% during the 4th quarter. Nordea Investment Management AB now owns 1,011,345 shares of the company’s stock worth $40,727,000 after purchasing an additional 4,789 shares in the last quarter. 57.41% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Altria Group news, VP Charles N. Whitaker sold 22,487 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $43.95, for a total value of $988,303.65. Following the sale, the vice president now directly owns 173,485 shares in the company, valued at $7,624,665.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.09% of the company’s stock.

Altria Group Stock Up 0.3 %

Shares of Altria Group stock traded up $0.13 on Friday, hitting $46.08. 9,243,539 shares of the company’s stock traded hands, compared to its average volume of 11,468,400. The firm’s 50-day moving average is $43.32 and its 200 day moving average is $41.73. The stock has a market cap of $79.15 billion, a P/E ratio of 9.64, a PEG ratio of 2.80 and a beta of 0.66. Altria Group, Inc. has a 52-week low of $39.06 and a 52-week high of $46.34.

Altria Group (NYSE:MOGet Free Report) last issued its earnings results on Thursday, April 25th. The company reported $1.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.15. Altria Group had a net margin of 34.81% and a negative return on equity of 222.80%. The business had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.71 billion. During the same quarter in the prior year, the business posted $1.18 EPS. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. Equities research analysts forecast that Altria Group, Inc. will post 5.11 EPS for the current year.

Altria Group declared that its Board of Directors has initiated a share repurchase program on Thursday, February 1st that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to repurchase up to 1.4% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Altria Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 14th will be issued a $0.98 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $3.92 dividend on an annualized basis and a yield of 8.51%. Altria Group’s dividend payout ratio is currently 82.01%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on MO shares. StockNews.com downgraded shares of Altria Group from a “buy” rating to a “hold” rating in a research note on Sunday, April 14th. UBS Group raised their price objective on Altria Group from $36.10 to $36.50 and gave the company a “sell” rating in a research report on Monday, April 8th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $50.00 price target on shares of Altria Group in a report on Monday, March 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $46.90.

Check Out Our Latest Report on MO

About Altria Group

(Free Report)

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.

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Institutional Ownership by Quarter for Altria Group (NYSE:MO)

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