Cigna Investments Inc. New Sells 207 Shares of Altria Group, Inc. (NYSE:MO)

Cigna Investments Inc. New decreased its holdings in Altria Group, Inc. (NYSE:MO) by 1.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 17,427 shares of the company’s stock after selling 207 shares during the period. Cigna Investments Inc. New’s holdings in Altria Group were worth $911,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Financial Life Planners bought a new stake in Altria Group during the 4th quarter worth $25,000. True Wealth Design LLC grew its position in Altria Group by 420.0% during the 3rd quarter. True Wealth Design LLC now owns 572 shares of the company’s stock worth $29,000 after acquiring an additional 462 shares during the last quarter. Legacy Investment Solutions LLC bought a new stake in Altria Group during the 3rd quarter worth $34,000. Peterson Financial Group Inc. acquired a new position in Altria Group during the 3rd quarter worth about $41,000. Finally, Fairman Group LLC lifted its holdings in Altria Group by 85.1% during the 3rd quarter. Fairman Group LLC now owns 892 shares of the company’s stock worth $46,000 after buying an additional 410 shares during the period. Institutional investors own 57.41% of the company’s stock.

Altria Group Price Performance

NYSE:MO opened at $53.84 on Tuesday. The company has a market cap of $91.24 billion, a P/E ratio of 8.22, a P/E/G ratio of 2.80 and a beta of 0.64. The stock’s fifty day moving average price is $53.09 and its two-hundred day moving average price is $52.49. Altria Group, Inc. has a 1 year low of $39.25 and a 1 year high of $58.03.

Altria Group (NYSE:MO) last posted its earnings results on Thursday, January 30th. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate 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, analysts expect that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 26th were given 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 7.58%. Altria Group’s dividend payout ratio (DPR) is presently 62.29%.

Analysts Set New Price Targets

MO has been the topic of several recent research reports. Barclays lifted 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. Bank of America raised Altria Group from a “neutral” rating to a “buy” rating and boosted their target price for the company from $55.00 to $65.00 in a research report on Friday, December 6th. Morgan Stanley decreased their target price on Altria Group from $54.00 to $53.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Altria Group currently has an average 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.