Altria Group, Inc. (NYSE:MO) Shares Sold by Dean Investment Associates LLC

Dean Investment Associates LLC reduced its position in Altria Group, Inc. (NYSE:MOFree Report) by 1.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 178,765 shares of the company’s stock after selling 3,435 shares during the quarter. Altria Group makes up 1.3% of Dean Investment Associates LLC’s portfolio, making the stock its 5th largest holding. Dean Investment Associates LLC’s holdings in Altria Group were worth $9,348,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of MO. Charles Schwab Investment Management Inc. lifted its position in shares of Altria Group by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 59,805,286 shares of the company’s stock worth $3,127,218,000 after buying an additional 2,296,972 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Altria Group by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 41,938,507 shares of the company’s stock valued at $2,193,687,000 after acquiring an additional 1,134,748 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of Altria Group by 0.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 22,273,491 shares of the company’s stock worth $1,164,681,000 after purchasing an additional 76,004 shares during the last quarter. Invesco Ltd. increased its position in shares of Altria Group by 9.1% during the 4th quarter. Invesco Ltd. now owns 11,801,958 shares of the company’s stock worth $617,124,000 after purchasing an additional 983,328 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Altria Group by 2.1% during the fourth quarter. Victory Capital Management Inc. now owns 4,488,007 shares of the company’s stock worth $234,678,000 after buying an additional 93,121 shares in the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Stock Down 0.4 %

MO stock opened at $57.29 on Thursday. Altria Group, Inc. has a twelve month low of $40.74 and a twelve month high of $60.18. The company has a market cap of $96.86 billion, a P/E ratio of 8.75, a price-to-earnings-growth ratio of 2.89 and a beta of 0.54. The business’s fifty day moving average is $56.50 and its 200-day moving average is $54.15.

Altria Group (NYSE:MOGet Free Report) last released its earnings results on Thursday, January 30th. The company reported $1.29 earnings per share for the quarter, beating 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%. Research analysts anticipate that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, March 25th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 7.12%. The ex-dividend date of this dividend is Tuesday, March 25th. Altria Group’s dividend payout ratio is currently 62.29%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. UBS Group upped their price target on shares of Altria Group from $42.00 to $46.00 and gave the stock a “sell” rating in a research report on Tuesday, April 1st. Deutsche Bank Aktiengesellschaft set a $60.00 price target on shares of Altria Group in a report on Tuesday, April 1st. Finally, Morgan Stanley decreased their price objective on 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. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $54.00.

Get Our Latest Analysis on MO

Altria Group Profile

(Free Report)

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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Institutional Ownership by Quarter for Altria Group (NYSE:MO)

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