Kapstone Financial Advisors LLC Sells 276 Shares of Altria Group, Inc. (NYSE:MO)

Kapstone Financial Advisors LLC decreased its position in Altria Group, Inc. (NYSE:MO) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,283 shares of the company’s stock after selling 276 shares during the quarter. Kapstone Financial Advisors LLC’s holdings in Altria Group were worth $699,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Financial Life Planners purchased a new stake in shares of Altria Group during the fourth quarter valued at $25,000. True Wealth Design LLC grew its stake in shares of Altria Group by 420.0% during the 3rd quarter. True Wealth Design LLC now owns 572 shares of the company’s stock valued at $29,000 after acquiring an additional 462 shares during the period. Marshall Investment Management LLC purchased a new stake in shares of Altria Group in the fourth quarter worth $32,000. Legacy Investment Solutions LLC purchased a new stake in Altria Group in the 3rd quarter worth $34,000. Finally, Kestra Investment Management LLC bought a new stake in Altria Group during the 4th quarter valued at approximately $40,000. 57.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MO. Barclays raised their price target on Altria Group from $45.00 to $46.00 and gave the company 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 upped their price objective for the company from $55.00 to $65.00 in a research report on Friday, December 6th. StockNews.com raised shares of Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Finally, Morgan Stanley dropped their target price on shares of Altria Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Altria Group currently has an average rating of “Hold” and a consensus price target of $53.29.

Altria Group Price Performance

NYSE MO opened at $57.33 on Tuesday. The company has a market cap of $96.93 billion, a P/E ratio of 8.75, a P/E/G ratio of 2.89 and a beta of 0.64. Altria Group, Inc. has a 1-year low of $39.25 and a 1-year high of $58.03. The stock has a 50-day moving average of $52.84 and a two-hundred day moving average of $52.96.

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

Altria Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, March 25th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $4.08 annualized dividend and a yield of 7.12%. Altria Group’s dividend payout ratio is currently 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.