LJI Wealth Management LLC Reduces Stock Holdings in Altria Group, Inc. (NYSE: MO)
LJI Wealth Management LLC decreased its stake in Altria Group, Inc. (NYSE: MO) by 5.0% during the first quarter, as disclosed in its recent filing with the Securities and Exchange Commission (SEC). The firm now holds 4,761 shares of the company’s stock after selling 250 shares during the period.
Altria Group, Inc., a leading U.S.-based tobacco company, produces and markets smokeable and oral tobacco products. Recent analyst actions include UBS Group upgrading Altria Group shares from a ‘sell’ to a ‘neutral’ rating, along with an increased price target from $47.00 to $59.00 on July 2nd. Citigroup also raised its price target from $52.00 to $55.00, assigning a ‘neutral’ rating on April 25th. In a separate update, Stifel Nicolaus raised the stock’s price target from $60.00 to $63.00, giving it a ‘buy’ rating on April 30th.
Stay informed with the latest developments on Altria Group by subscribing to MarketBeat.com’s free daily email newsletter for news and expert ratings. This strategic shift in LJI Wealth Management’s portfolio reflects ongoing market dynamics and evolving investment strategies.