Bartlett & CO. Wealth Management LLC Sells 2,001 Shares of Altria Group, Inc. (NYSE:MO)

Bartlett & CO. Wealth Management LLC lowered its holdings in shares of Altria Group, Inc. (NYSE:MO) by 11.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,417 shares of the company’s stock after selling 2,001 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Altria Group were worth $822,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Franklin Resources Inc. lifted its position in Altria Group by 2.2% during the third quarter. Franklin Resources Inc. now owns 2,159,890 shares of the company’s stock valued at $107,679,000 after purchasing an additional 46,697 shares during the last quarter. CWM LLC lifted its holdings in shares of Altria Group by 15.3% in the 3rd quarter. CWM LLC now owns 305,704 shares of the company’s stock worth $15,603,000 after acquiring an additional 40,574 shares during the last quarter. Czech National Bank lifted its holdings in shares of Altria Group by 5.7% in the 4th quarter. Czech National Bank now owns 367,469 shares of the company’s stock worth $19,215,000 after acquiring an additional 19,893 shares during the last quarter. Regal Investment Advisors LLC lifted its holdings in shares of Altria Group by 4.2% in the 2nd quarter. Regal Investment Advisors LLC now owns 251,933 shares of the company’s stock worth $11,476,000 after acquiring an additional 10,079 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of Altria Group by 2.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,456,308 shares of the company’s stock worth $74,330,000 after acquiring an additional 32,318 shares during the last quarter. Institutional investors own 57.41% of the company’s stock.

Altria Group Price Performance

MO stock opened at $52.02 on Friday. The company has a market capitalization of $88.17 billion, a PE ratio of 8.79, a P/E/G ratio of 2.67 and a beta of 0.64. The firm’s 50-day moving average is $54.01 and its 200 day moving average is $52.09. Altria Group, Inc. has a 12 month low of $39.25 and a 12 month high of $58.03.

Altria Group (NYSE:MO) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.35 by $0.03. Altria Group had a net margin of 42.82% and a negative return on equity of 233.80%. The business had revenue of $6.26 billion during the quarter, compared to analyst estimates of $5.33 billion. During the same quarter in the previous year, the business posted $1.28 EPS. The company’s quarterly revenue was up 18.6% compared to the same quarter last year. Sell-side analysts forecast that Altria Group, Inc. will post 5.13 EPS for the current fiscal year.

Altria Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 26th were issued a $1.02 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $4.08 annualized dividend and a dividend yield of 7.84%. Altria Group’s dividend payout ratio is currently 68.92%.

Analysts Set New Price Targets

MO has been the subject of several analyst reports. StockNews.com upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Stifel Nicolaus raised their target price on shares of Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their target price on shares of Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Bank of America upgraded shares of Altria Group from a “neutral” rating to a “buy” rating and raised their target price for the stock from $55.00 to $65.00 in a report on Friday, December 6th. Finally, Morgan Stanley started coverage on shares of Altria Group in a research note on Thursday, January 16th. They issued an “equal weight” rating and a $54.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $53.43.

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.