Morningstar Investment Services LLC Buys 223,654 Shares of Altria Group, Inc. (NYSE:MO)

Morningstar Investment Services LLC increased its position in shares of Altria Group, Inc. (NYSE:MOFree Report) by 97.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 453,906 shares of the company’s stock after acquiring an additional 223,654 shares during the quarter. Morningstar Investment Services LLC’s holdings in Altria Group were worth $18,238,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Altshuler Shaham Ltd acquired a new stake in shares of Altria Group during the third quarter worth about $26,000. Nemes Rush Group LLC raised its holdings in Altria Group by 103.2% during the 3rd quarter. Nemes Rush Group LLC now owns 636 shares of the company’s stock worth $27,000 after buying an additional 323 shares during the period. ZRC Wealth Management LLC raised its holdings in Altria Group by 67.6% during the 4th quarter. ZRC Wealth Management LLC now owns 677 shares of the company’s stock worth $28,000 after buying an additional 273 shares during the period. Criterion Capital Advisors LLC bought a new position in Altria Group in the fourth quarter valued at approximately $27,000. Finally, Financial Gravity Asset Management Inc. boosted its holdings in shares of Altria Group by 1,800.0% in the third quarter. Financial Gravity Asset Management Inc. now owns 703 shares of the company’s stock valued at $30,000 after buying an additional 666 shares during the period. Institutional investors and hedge funds own 57.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on MO. Stifel Nicolaus reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Altria Group in a research report on Monday, March 25th. Argus raised Altria Group to a “hold” rating in a research report on Friday, May 31st. UBS Group increased their price objective on Altria Group from $36.10 to $36.50 and gave the stock a “sell” rating in a report on Monday, April 8th. Finally, StockNews.com downgraded Altria Group from a “buy” rating to a “hold” rating in a research report on Sunday, April 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Altria Group currently has an average rating of “Hold” and a consensus price target of $46.90.

Read Our Latest Report on Altria Group

Insider Activity at Altria Group

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

Altria Group Stock Up 0.0 %

NYSE:MO opened at $46.70 on Friday. Altria Group, Inc. has a 12-month low of $39.06 and a 12-month high of $47.19. The firm has a market capitalization of $80.21 billion, a price-to-earnings ratio of 9.77, a P/E/G ratio of 2.88 and a beta of 0.64. The stock’s 50 day moving average price is $44.01 and its two-hundred day moving average price is $42.32.

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 the consensus estimate of $1.15. Altria Group had a negative return on equity of 222.80% and a net margin of 34.81%. The business had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.71 billion. During the same quarter last year, the firm posted $1.18 EPS. The company’s quarterly revenue was down 1.0% on a year-over-year basis. Equities research analysts expect that Altria Group, Inc. will post 5.11 EPS for the current year.

Altria Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 14th will be issued a dividend of $0.98 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $3.92 annualized dividend and a yield of 8.39%. Altria Group’s payout ratio is currently 82.01%.

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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