Altria Group, Inc. (NYSE:MO) Shares Acquired by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC increased its stake in Altria Group, Inc. (NYSE:MO) by 12.8% during the 4th quarter, Holdings Channel reports. The fund owned 5,529 shares of the company’s stock after purchasing an additional 627 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Altria Group were worth $289,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MO. State Street Corp grew its position in shares of Altria Group by 5.6% during the third quarter. State Street Corp now owns 73,481,686 shares of the company’s stock worth $3,821,831,000 after buying an additional 3,910,738 shares in the last quarter. Los Angeles Capital Management LLC lifted its stake in Altria Group by 729.8% in the third quarter. Los Angeles Capital Management LLC now owns 1,969,262 shares of the company’s stock worth $100,511,000 after acquiring an additional 1,731,932 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in 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 worth $88,985,000 after acquiring an additional 1,698,585 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Altria Group by 2.5% in 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 purchasing an additional 1,003,605 shares during the last quarter. Finally, National Pension Service raised its holdings in shares of Altria Group by 19.9% in the 3rd quarter. National Pension Service now owns 4,034,414 shares of the company’s stock valued at $205,916,000 after purchasing an additional 670,858 shares in the last quarter. 57.41% of the stock is currently owned by hedge funds and other institutional investors.

Altria Group Trading Up 0.0 %

Shares of NYSE MO opened at $52.65 on Monday. The stock has a market cap of $89.24 billion, a P/E ratio of 8.04, a P/E/G ratio of 2.80 and a beta of 0.64. The stock has a 50 day moving average of $53.09 and a two-hundred day moving average of $52.47. Altria Group, Inc. has a twelve month low of $39.25 and a twelve month high of $58.03.

Altria Group (NYSE:MO) last issued its quarterly earnings results on Thursday, January 30th. The company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.01. Altria Group had a net margin of 46.90% and a negative return on equity of 258.72%. As a group, research analysts predict that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 26th were given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 7.75%. The ex-dividend date of this dividend was Thursday, December 26th. Altria Group’s dividend payout ratio (DPR) is presently 62.29%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Bank of America upgraded shares of Altria Group from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $55.00 to $65.00 in a research note on Friday, December 6th. StockNews.com upgraded Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Stifel Nicolaus raised their target price on Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Barclays upped their price target on Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Finally, Morgan Stanley cut their price objective on shares of Altria Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $53.29.

About Altria Group

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.