Keystone Financial Group decreased its position in shares of Altria Group Inc (NYSE:MO) by 9.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,583 shares of the company’s stock after selling 927 shares during the quarter. Keystone Financial Group’s holdings in Altria Group were worth $428,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Retirement Network acquired a new position in Altria Group during the 4th quarter worth approximately $1,225,000. Biltmore Family Office LLC bought a new position in shares of Altria Group in the fourth quarter valued at $261,000. Signaturefd LLC grew its holdings in shares of Altria Group by 28.7% during the fourth quarter. Signaturefd LLC now owns 39,592 shares of the company’s stock valued at $1,976,000 after buying an additional 8,831 shares during the last quarter. Samalin Investment Counsel LLC acquired a new position in shares of Altria Group during the fourth quarter valued at about $948,000. Finally, Grimes & Company Inc. increased its position in shares of Altria Group by 10.1% during the fourth quarter. Grimes & Company Inc. now owns 8,539 shares of the company’s stock worth $426,000 after acquiring an additional 781 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.
Altria Group stock opened at $45.18 on Thursday. Altria Group Inc has a 52 week low of $39.30 and a 52 week high of $57.88. The company’s 50 day moving average price is $49.38 and its two-hundred day moving average price is $46.85. The company has a quick ratio of 0.31, a current ratio of 0.59 and a debt-to-equity ratio of 4.28. The stock has a market cap of $86.31 billion, a P/E ratio of -62.75, a P/E/G ratio of 1.64 and a beta of 0.50.
A number of equities research analysts recently weighed in on MO shares. Royal Bank of Canada restated a “buy” rating and issued a $68.00 target price on shares of Altria Group in a report on Thursday, January 30th. Bank of America set a $54.00 price objective on Altria Group and gave the stock a “buy” rating in a report on Friday, November 1st. Morgan Stanley increased their price objective on Altria Group from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Monday, December 16th. ValuEngine lowered Altria Group from a “hold” rating to a “sell” rating in a report on Wednesday, January 15th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Altria Group in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $55.19.
About Altria Group
Altria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands.
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