Krilogy Financial LLC Has $2.99 Million Stock Position in Altria Group, Inc. (NYSE:MO)

Krilogy Financial LLC lessened its position in Altria Group, Inc. (NYSE:MO - Free Report) by 30.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,150 shares of the company's stock after selling 24,823 shares during the quarter. Krilogy Financial LLC's holdings in Altria Group were worth $2,988,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MO. Aviance Capital Partners LLC boosted its holdings in Altria Group by 0.5% in the 3rd quarter. Aviance Capital Partners LLC now owns 40,362 shares of the company's stock valued at $2,060,000 after purchasing an additional 191 shares during the period. Delta Investment Management LLC raised its position in shares of Altria Group by 2.9% during the second quarter. Delta Investment Management LLC now owns 7,064 shares of the company's stock valued at $322,000 after buying an additional 198 shares during the last quarter. Fragasso Financial Advisors Inc lifted its stake in shares of Altria Group by 3.3% in the fourth quarter. Fragasso Financial Advisors Inc now owns 6,302 shares of the company's stock valued at $330,000 after buying an additional 199 shares during the period. American Institute for Advanced Investment Management LLP grew its position in Altria Group by 3.5% during the third quarter. American Institute for Advanced Investment Management LLP now owns 5,860 shares of the company's stock worth $299,000 after buying an additional 200 shares in the last quarter. Finally, Ridgecrest Wealth Partners LLC increased its stake in Altria Group by 3.5% during the third quarter. Ridgecrest Wealth Partners LLC now owns 5,851 shares of the company's stock valued at $299,000 after acquiring an additional 200 shares during the period. 57.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Barclays raised their price objective on Altria Group from $45.00 to $46.00 and gave the stock an "underweight" rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Altria Group from $52.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Stifel Nicolaus raised their price objective 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. Citigroup increased their price target on shares of Altria Group from $44.50 to $48.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 8th. Finally, Bank of America upgraded shares of 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 research note on Friday, December 6th. 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 company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $53.43.

Altria Group Stock Up 1.5 %

NYSE:MO traded up $0.76 on Friday, reaching $51.92. The stock had a trading volume of 6,528,941 shares, compared to its average volume of 6,772,463. The company has a market capitalization of $87.99 billion, a P/E ratio of 8.77, a price-to-earnings-growth ratio of 2.69 and a beta of 0.64. The stock has a fifty day moving average price of $54.29 and a 200-day moving average price of $51.99. Altria Group, Inc. has a 1-year low of $39.25 and a 1-year high of $58.03.

Altria Group (NYSE:MO - Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.35 by $0.03. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. The business had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $5.33 billion. During the same period in the previous year, the business earned $1.28 EPS. Altria Group's revenue was up 18.6% compared to the same quarter last year. Sell-side analysts predict that Altria Group, Inc. will post 5.12 earnings per share for the current fiscal year.

Altria Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors 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 dividend on an annualized basis and a dividend yield of 7.86%. Altria Group's dividend payout ratio is 68.92%.

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.