Mill Creek Capital Advisors LLC boosted its position in shares of Altria Group, Inc. (NYSE:MO – Free Report) by 4.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 6,051 shares of the company’s stock after buying an additional 283 shares during the quarter. Mill Creek Capital Advisors LLC’s holdings in Altria Group were worth $316,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of MO. State Street Corp lifted its stake in shares of Altria Group by 5.6% in the 3rd quarter. State Street Corp now owns 73,481,686 shares of the company’s stock valued at $3,821,831,000 after purchasing an additional 3,910,738 shares during the last quarter. Los Angeles Capital Management LLC lifted its position in Altria Group by 729.8% in the third quarter. Los Angeles Capital Management LLC now owns 1,969,262 shares of the company’s stock valued at $100,511,000 after buying an additional 1,731,932 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Altria Group by 3,786.6% during the third quarter. Assenagon Asset Management S.A. now owns 1,743,443 shares of the company’s stock worth $88,985,000 after buying an additional 1,698,585 shares during the period. Geode Capital Management LLC raised its stake in shares of Altria Group by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 40,803,759 shares of the company’s stock valued at $2,079,919,000 after acquiring an additional 1,003,605 shares during the period. Finally, National Pension Service lifted its holdings in shares of Altria Group by 19.9% in the 3rd quarter. National Pension Service now owns 4,034,414 shares of the company’s stock worth $205,916,000 after acquiring an additional 670,858 shares during the last quarter. 57.41% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research firms have commented on MO. Deutsche Bank Aktiengesellschaft upped their price target on Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Bank of America upgraded Altria Group from a “neutral” rating to a “buy” rating and raised their target price for the company from $55.00 to $65.00 in a report on Friday, December 6th. Stifel Nicolaus boosted their price target on shares of Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Morgan Stanley reduced their price target on shares of Altria Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Finally, StockNews.com raised shares of Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Altria Group has a consensus rating of “Hold” and a consensus price target of $53.29.
Altria Group Price Performance
Shares of NYSE MO opened at $53.90 on Wednesday. The business has a 50-day moving average of $53.02 and a two-hundred day moving average of $52.52. The company has a market capitalization of $91.34 billion, a price-to-earnings ratio of 8.23, a price-to-earnings-growth ratio of 2.80 and a beta of 0.64. Altria Group, Inc. has a 1 year low of $39.25 and a 1 year high of $58.03.
Altria Group (NYSE:MO – Get Free Report) last posted its earnings results on Thursday, January 30th. The company reported $1.29 earnings per share 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%. As a group, equities research analysts expect that Altria Group, Inc. will post 5.32 earnings per share for the current year.
Altria Group Announces Dividend
The company 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 annualized dividend and a yield of 7.57%. The ex-dividend date of this dividend was Thursday, December 26th. Altria Group’s dividend payout ratio (DPR) is 62.29%.
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.
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