FSA Advisors Inc. Sells 1,453 Shares of Altria Group, Inc. (NYSE:MO)

FSA Advisors Inc. lessened its holdings in shares of Altria Group, Inc. (NYSE:MO) by 26.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,143 shares of the company’s stock after selling 1,453 shares during the period. FSA Advisors Inc.’s holdings in Altria Group were worth $217,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of MO. True Wealth Design LLC lifted its holdings in 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 buying an additional 462 shares in the last quarter. Legacy Investment Solutions LLC purchased a new position in shares of Altria Group during the third quarter worth approximately $34,000. Peterson Financial Group Inc. purchased a new position in shares of Altria Group during the third quarter worth approximately $41,000. Fairman Group LLC raised its stake in shares of Altria Group by 85.1% during the third quarter. Fairman Group LLC now owns 892 shares of the company’s stock valued at $46,000 after acquiring an additional 410 shares in the last quarter. Finally, Asset Dedication LLC boosted its holdings in shares of Altria Group by 27.7% in the fourth quarter. Asset Dedication LLC now owns 921 shares of the company’s stock valued at $48,000 after purchasing an additional 200 shares during the period. Institutional investors own 57.41% of the company’s stock.

Analyst Upgrades and Downgrades

MO has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. StockNews.com raised shares of Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Barclays upped their target price on Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Stifel Nicolaus lifted their price target on Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Morgan Stanley assumed coverage on Altria Group in a research report on Thursday, January 16th. They issued an “equal weight” rating and a $54.00 price target for the company. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $53.43.

Altria Group Stock Performance

NYSE:MO opened at $51.59 on Friday. The stock has a 50 day moving average price of $53.75 and a 200 day moving average price of $52.29. The stock has a market cap of $87.44 billion, a PE ratio of 8.72, a P/E/G ratio of 2.76 and a beta of 0.64. Altria Group, Inc. has a one year low of $39.25 and a one year high of $58.03.

Altria Group (NYSE:MO) last issued its earnings results on Thursday, January 30th. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.01. Altria Group had a net margin of 42.82% and a negative return on equity of 233.80%. As a group, analysts predict that Altria Group, Inc. will post 5.13 earnings per share for the current fiscal year.

Altria Group Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 7.91%. The ex-dividend date of this dividend was Thursday, December 26th. Altria Group’s dividend payout ratio is presently 68.92%.

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.