WealthPlan Investment Management LLC Sells 1,131 Shares of Altria Group, Inc. (NYSE:MO)

WealthPlan Investment Management LLC trimmed its position in shares of Altria Group, Inc. (NYSE:MO) by 16.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,791 shares of the company’s stock after selling 1,131 shares during the period. WealthPlan Investment Management LLC’s holdings in Altria Group were worth $303,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Financial Life Planners bought a new position in Altria Group during the fourth quarter valued at $25,000. True Wealth Design LLC grew its holdings in Altria Group by 420.0% during the third quarter. True Wealth Design LLC now owns 572 shares of the company’s stock valued at $29,000 after purchasing an additional 462 shares during the period. Legacy Investment Solutions LLC bought a new position in Altria Group during the third quarter valued at $34,000. Peterson Financial Group Inc. bought a new position in Altria Group during the third quarter valued at $41,000. Finally, Fairman Group LLC grew its holdings in Altria Group by 85.1% during the third quarter. Fairman Group LLC now owns 892 shares of the company’s stock valued at $46,000 after purchasing an additional 410 shares during the period. 57.41% of the stock is owned by institutional investors.

Altria Group Stock Performance

NYSE:MO opened at $53.37 on Friday. The firm has a market capitalization of $90.44 billion, a price-to-earnings ratio of 8.15, a P/E/G ratio of 2.80 and a beta of 0.64. Altria Group, Inc. has a 52-week low of $39.25 and a 52-week high of $58.03. The stock has a fifty day moving average of $52.75 and a 200 day moving average of $52.57.

Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, January 30th. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.01. Altria Group had a negative return on equity of 258.72% and a net margin of 46.90%. Equities analysts forecast that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 26th were paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 7.65%. The ex-dividend date of this dividend was Thursday, December 26th. Altria Group’s dividend payout ratio (DPR) is currently 62.29%.

Analyst Ratings Changes

A number of research firms have recently commented on MO. StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Barclays raised their price target on Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Bank of America raised Altria Group from a “neutral” rating to a “buy” rating and raised their price target for the stock from $55.00 to $65.00 in a report on Friday, December 6th. Stifel Nicolaus raised their price target on Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Morgan Stanley cut 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. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $53.29.

Altria Group Company 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.