Robeco Institutional Asset Management B.V. Has $22.60 Million Position in Altria Group, Inc. (NYSE:MO)

Robeco Institutional Asset Management B.V. lifted its position in Altria Group, Inc. (NYSE:MO) by 11.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 432,289 shares of the company’s stock after acquiring an additional 44,907 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Altria Group were worth $22,604,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. True Wealth Design LLC increased its stake in Altria Group by 420.0% in the third quarter. True Wealth Design LLC now owns 572 shares of the company’s stock valued at $29,000 after purchasing an additional 462 shares in the last quarter. Legacy Investment Solutions LLC acquired a new position in shares of Altria Group in the 3rd quarter valued at $34,000. Peterson Financial Group Inc. bought a new stake in shares of Altria Group in the 3rd quarter valued at $41,000. Fairman Group LLC raised its stake in Altria Group by 85.1% during the 3rd quarter. Fairman Group LLC now owns 892 shares of the company’s stock worth $46,000 after buying an additional 410 shares during the period. Finally, Asset Dedication LLC lifted its holdings in Altria Group by 27.7% during the fourth quarter. Asset Dedication LLC now owns 921 shares of the company’s stock worth $48,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 57.41% of the company’s stock.

Analyst Ratings Changes

MO has been the subject of several recent analyst reports. Citigroup increased their price target on Altria Group from $44.50 to $48.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Morgan Stanley began coverage on shares of Altria Group in a report on Thursday, January 16th. They set an “equal weight” rating and a $54.00 target price on the stock. StockNews.com raised shares of Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Barclays boosted their price objective on shares of Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Altria Group presently has an average rating of “Hold” and an average price target of $53.43.

Altria Group Stock Down 2.0 %

Shares of MO stock opened at $51.59 on Friday. The firm has a market cap of $87.44 billion, a PE ratio of 8.72, a P/E/G ratio of 2.67 and a beta of 0.64. Altria Group, Inc. has a 12 month low of $39.25 and a 12 month high of $58.03. The company’s fifty day simple moving average is $53.75 and its 200-day simple moving average is $52.29.

Altria Group (NYSE:MO) last issued its quarterly earnings results on Thursday, January 30th. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.28 by $0.01. Altria Group had a net margin of 42.82% and a negative return on equity of 233.80%. On average, equities analysts predict that Altria Group, Inc. will post 5.13 earnings per share for the current fiscal year.

Altria Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 26th were paid a $1.02 dividend. The ex-dividend date was Thursday, December 26th. This represents a $4.08 dividend on an annualized basis and a yield of 7.91%. Altria Group’s dividend payout ratio is 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.