Aprio Wealth Management LLC increased its position in Altria Group, Inc. (NYSE:MO – Free Report) by 30.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,367 shares of the company’s stock after buying an additional 3,845 shares during the quarter. Aprio Wealth Management LLC’s holdings in Altria Group were worth $856,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in the company. State Street Corp increased its position in Altria Group by 5.6% during 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 period. Los Angeles Capital Management LLC boosted its holdings in shares of Altria Group by 729.8% during the 3rd 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 in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Altria Group by 3,786.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,743,443 shares of the company’s stock valued at $88,985,000 after buying an additional 1,698,585 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Altria Group by 25.0% during the 2nd quarter. AQR Capital Management LLC now owns 6,490,441 shares of the company’s stock valued at $295,055,000 after buying an additional 1,299,703 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Altria Group by 2.5% during 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 buying an additional 1,003,605 shares in the last quarter. 57.41% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on MO. Deutsche Bank Aktiengesellschaft upped their price target on shares of Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Citigroup upped their price target on shares of Altria Group from $44.50 to $48.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. StockNews.com upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Bank of America upgraded shares of Altria Group from a “neutral” rating to a “buy” rating and upped their price target for the stock from $55.00 to $65.00 in a research note on Friday, December 6th. Finally, Barclays upped their price target on shares of Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $53.33.
Altria Group Price Performance
NYSE:MO opened at $50.84 on Monday. The firm has a market capitalization of $86.16 billion, a price-to-earnings ratio of 8.59, a price-to-earnings-growth ratio of 3.03 and a beta of 0.64. Altria Group, Inc. has a one year low of $39.25 and a one year high of $58.03. The business has a fifty day moving average price of $54.56 and a 200-day moving average price of $51.84.
Altria Group (NYSE:MO – Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.03. The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $5.33 billion. Altria Group had a net margin of 42.82% and a negative return on equity of 233.80%. Altria Group’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.28 EPS. On average, equities research analysts expect that Altria Group, Inc. will post 5.12 earnings per share for the current fiscal year.
Altria Group Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 26th were issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 8.03%. The ex-dividend date was Thursday, December 26th. Altria Group’s dividend payout ratio is currently 68.92%.
Altria Group 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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