Drucker Wealth 3.0 LLC Has $913,000 Stake in Altria Group, Inc. (NYSE:MO)

Drucker Wealth 3.0 LLC decreased its stake in Altria Group, Inc. (NYSE:MO) by 2.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,460 shares of the company’s stock after selling 507 shares during the quarter. Drucker Wealth 3.0 LLC’s holdings in Altria Group were worth $913,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of MO. Raymond James Financial Inc. acquired a new stake in Altria Group in the 4th quarter valued at $137,536,000. Charles Schwab Investment Management Inc. boosted its stake in Altria Group by 4.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 59,805,286 shares of the company’s stock valued at $3,127,218,000 after buying an additional 2,296,972 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in Altria Group in the 4th quarter valued at $91,000. Northern Trust Corp boosted its stake in Altria Group by 9.6% in the 4th quarter. Northern Trust Corp now owns 16,432,535 shares of the company’s stock valued at $859,257,000 after buying an additional 1,444,021 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in Altria Group by 17.4% in the 4th quarter. Royal Bank of Canada now owns 8,927,340 shares of the company’s stock valued at $466,811,000 after buying an additional 1,323,421 shares in the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. UBS Group boosted their price target on Altria Group from $46.00 to $47.00 and gave the company a “sell” rating in a research note on Wednesday, April 30th. Citigroup boosted their price objective on Altria Group from $52.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday, April 25th. Deutsche Bank Aktiengesellschaft set a $60.00 price objective on Altria Group in a research note on Tuesday, April 1st. Morgan Stanley reduced their price objective on Altria Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Finally, Stifel Nicolaus boosted their price objective on Altria Group from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Altria Group has a consensus rating of “Hold” and an average price target of $56.00.

Altria Group Stock Up 0.7%

MO stock opened at $59.74 on Friday. The company has a market cap of $100.63 billion, a P/E ratio of 9.12, a PEG ratio of 2.89 and a beta of 0.60. Altria Group, Inc. has a twelve month low of $43.83 and a twelve month high of $61.26. The business has a fifty day moving average of $58.13 and a 200-day moving average of $55.68.

Altria Group (NYSE:MO) last released its earnings results on Tuesday, April 29th. The company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.04. The company had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.64 billion. Altria Group had a negative return on equity of 258.72% and a net margin of 46.90%. The firm’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.15 earnings per share. As a group, equities research analysts anticipate that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Monday, June 16th will be given a dividend of $1.02 per share. The ex-dividend date is Monday, June 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 6.83%. Altria Group’s payout ratio is currently 68.34%.

About Altria Group

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.