Doliver Advisors LP Has $1.89 Million Stock Holdings in Altria Group, Inc. (NYSE:MO)

Doliver Advisors LP reduced its stake in Altria Group, Inc. (NYSE:MO) by 4.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 36,224 shares of the company’s stock after selling 1,837 shares during the period. Doliver Advisors LP’s holdings in Altria Group were worth $1,894,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. Aviance Capital Partners LLC boosted its stake 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 grew its stake in shares of Altria Group by 2.9% in the second quarter. Delta Investment Management LLC now owns 7,064 shares of the company’s stock valued at $322,000 after acquiring an additional 198 shares in the last quarter. Scarborough Advisors LLC increased its position in Altria Group by 18.5% during the second quarter. Scarborough Advisors LLC now owns 1,283 shares of the company’s stock worth $58,000 after acquiring an additional 200 shares during the period. American Institute for Advanced Investment Management LLP raised its stake in Altria Group by 3.5% in the 3rd quarter. American Institute for Advanced Investment Management LLP now owns 5,860 shares of the company’s stock worth $299,000 after purchasing an additional 200 shares in the last quarter. Finally, Ridgecrest Wealth Partners LLC boosted its holdings in Altria Group by 3.5% in the 3rd quarter. Ridgecrest Wealth Partners LLC now owns 5,851 shares of the company’s stock valued at $299,000 after purchasing an additional 200 shares during the period. 57.41% of the stock is owned by institutional investors.

Altria Group Trading Down 1.5 %

NYSE MO traded down $0.81 during trading on Monday, hitting $52.33. 3,157,748 shares of the company’s stock were exchanged, compared to its average volume of 4,718,428. The company has a market cap of $88.69 billion, a PE ratio of 8.84, a P/E/G ratio of 3.03 and a beta of 0.63. The stock’s 50 day moving average price is $54.60 and its two-hundred day moving average price is $51.65. Altria Group, Inc. has a fifty-two week low of $39.25 and a fifty-two week high of $58.03.

Altria Group (NYSE:MO) last issued its earnings results on Thursday, October 31st. The company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.03. The firm had revenue of $6.26 billion for the quarter, compared to analyst estimates of $5.33 billion. Altria Group had a net margin of 42.82% and a negative return on equity of 233.80%. The company’s quarterly revenue was up 18.6% on a year-over-year basis. During the same quarter last year, the business posted $1.28 earnings per share. Analysts forecast that Altria Group, Inc. will post 5.12 earnings per share for the current fiscal year.

Altria Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, December 26th will be given a $1.02 dividend. The ex-dividend date is Thursday, December 26th. This represents a $4.08 annualized dividend and a yield of 7.80%. Altria Group’s dividend payout ratio is presently 68.92%.

Analyst Upgrades and Downgrades

MO has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft raised 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. Barclays upped their target price on Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. StockNews.com upgraded Altria Group from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Citigroup upped their price objective 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, UBS Group increased their price objective on shares of Altria Group from $39.00 to $41.00 and gave the stock a “sell” rating in a research note on Monday, September 9th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $53.33.

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.