GW Henssler & Associates Ltd. Reduces Stake in Altria Group, Inc. (NYSE:MO)

GW Henssler & Associates Ltd. reduced its holdings in Altria Group, Inc. (NYSE:MO - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 338,565 shares of the company's stock after selling 5,966 shares during the period. GW Henssler & Associates Ltd.'s holdings in Altria Group were worth $17,280,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Algert Global LLC grew its holdings in shares of Altria Group by 32.0% in the second quarter. Algert Global LLC now owns 9,600 shares of the company's stock valued at $437,000 after purchasing an additional 2,330 shares during the period. Czech National Bank boosted its holdings in Altria Group by 6.2% in the 3rd quarter. Czech National Bank now owns 347,576 shares of the company's stock valued at $17,740,000 after purchasing an additional 20,265 shares during the last quarter. Park Avenue Securities LLC grew its stake in shares of Altria Group by 14.1% in the 3rd quarter. Park Avenue Securities LLC now owns 63,043 shares of the company's stock valued at $3,218,000 after buying an additional 7,788 shares during the period. GAMMA Investing LLC increased its holdings in shares of Altria Group by 38.7% during the 3rd quarter. GAMMA Investing LLC now owns 28,656 shares of the company's stock worth $1,463,000 after buying an additional 7,994 shares during the last quarter. Finally, Diversified Trust Co raised its position in shares of Altria Group by 2.2% during the 3rd quarter. Diversified Trust Co now owns 12,391 shares of the company's stock valued at $632,000 after buying an additional 263 shares during the period. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Altria Group Trading Down 0.1 %

Shares of MO traded down $0.04 during mid-day trading on Wednesday, hitting $52.58. 5,145,777 shares of the company's stock were exchanged, compared to its average volume of 7,782,913. Altria Group, Inc. has a fifty-two week low of $39.25 and a fifty-two week high of $58.03. The business's 50 day moving average is $53.39 and its two-hundred day moving average is $52.42. The firm has a market capitalization of $89.11 billion, a P/E ratio of 8.03, a P/E/G ratio of 2.78 and a beta of 0.64.

Altria Group (NYSE:MO - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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, equities research analysts forecast that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 26th were given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 7.76%. The ex-dividend date was Thursday, December 26th. Altria Group's payout ratio is 62.29%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on MO shares. Citigroup raised their target price on Altria Group from $44.50 to $48.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 8th. StockNews.com upgraded shares of Altria Group from a "hold" rating to a "buy" rating in a report on Monday, November 4th. Stifel Nicolaus increased their target price on shares of Altria Group from $54.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Bank of America raised shares of Altria Group from a "neutral" rating to a "buy" rating and boosted their price target for the company from $55.00 to $65.00 in a research note on Friday, December 6th. Finally, Barclays boosted their price target on shares of Altria Group from $45.00 to $46.00 and gave the company an "underweight" rating in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, Altria Group presently 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.