Rathbones Group PLC Purchases 2,330 Shares of Altria Group, Inc. (NYSE:MO)

Rathbones Group PLC raised its holdings in Altria Group, Inc. (NYSE:MOFree Report) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 723,654 shares of the company’s stock after acquiring an additional 2,330 shares during the period. Rathbones Group PLC’s holdings in Altria Group were worth $29,192,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its position in Altria Group by 4,665.6% during the fourth quarter. Van ECK Associates Corp now owns 3,972,259 shares of the company’s stock worth $160,241,000 after buying an additional 3,888,907 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Altria Group by 54.1% in the 3rd quarter. AQR Capital Management LLC now owns 4,710,670 shares of the company’s stock valued at $198,084,000 after buying an additional 1,653,455 shares during the period. Pacer Advisors Inc. boosted its stake in Altria Group by 17.0% during the 4th quarter. Pacer Advisors Inc. now owns 9,259,451 shares of the company’s stock valued at $373,526,000 after purchasing an additional 1,343,094 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Altria Group during the 4th quarter valued at about $525,810,000. Finally, United Services Automobile Association boosted its stake in shares of Altria Group by 103.9% in the 4th quarter. United Services Automobile Association now owns 1,803,226 shares of the company’s stock worth $72,742,000 after buying an additional 919,058 shares during the last quarter. 57.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MO has been the topic of several research analyst reports. UBS Group upped their price target on shares of Altria Group from $36.10 to $36.50 and gave the stock a “sell” rating in a report on Monday, April 8th. Stifel Nicolaus reaffirmed a “buy” rating and set a $50.00 target price on shares of Altria Group in a research note on Monday, March 25th. Finally, StockNews.com cut shares of Altria Group from a “buy” rating to a “hold” rating in a report on Sunday, April 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $46.90.

Get Our Latest Report on MO

Altria Group Stock Performance

Shares of Altria Group stock traded up $0.81 on Friday, hitting $46.25. 13,899,903 shares of the company’s stock were exchanged, compared to its average volume of 8,778,434. The stock has a market capitalization of $79.44 billion, a PE ratio of 9.68, a PEG ratio of 2.80 and a beta of 0.66. Altria Group, Inc. has a 1 year low of $39.06 and a 1 year high of $46.60. The company has a 50-day simple moving average of $43.69 and a 200-day simple moving average of $42.12.

Altria Group (NYSE:MOGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The company reported $1.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.15. Altria Group had a net margin of 34.81% and a negative return on equity of 222.80%. The company had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.71 billion. During the same period in the previous year, the firm posted $1.18 EPS. Altria Group’s revenue for the quarter was down 1.0% compared to the same quarter last year. On average, analysts expect that Altria Group, Inc. will post 5.11 EPS for the current fiscal year.

Altria Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 14th will be given a $0.98 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $3.92 annualized dividend and a dividend yield of 8.48%. Altria Group’s payout ratio is presently 82.01%.

Insider Activity at Altria Group

In other Altria Group news, VP Charles N. Whitaker sold 22,487 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $43.95, for a total value of $988,303.65. Following the completion of the transaction, the vice president now owns 173,485 shares of the company’s stock, valued at $7,624,665.75. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.09% of the stock is currently owned by corporate insiders.

Altria Group Company 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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