Altria Group, Inc. (NYSE:MO) Stock Holdings Lessened by BOK Financial Private Wealth Inc.

BOK Financial Private Wealth Inc. reduced its holdings in Altria Group, Inc. (NYSE:MO) by 20.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,400 shares of the company’s stock after selling 600 shares during the quarter. BOK Financial Private Wealth Inc.’s holdings in Altria Group were worth $128,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Franklin Resources Inc. lifted its position in shares of Altria Group by 2.2% in the 3rd quarter. Franklin Resources Inc. now owns 2,159,890 shares of the company’s stock worth $107,679,000 after buying an additional 46,697 shares during the last quarter. Czech National Bank lifted its position in Altria Group by 5.7% in the 4th quarter. Czech National Bank now owns 367,469 shares of the company’s stock valued at $19,215,000 after purchasing an additional 19,893 shares during the last quarter. CWA Asset Management Group LLC lifted its position in Altria Group by 5.3% in the 4th quarter. CWA Asset Management Group LLC now owns 240,454 shares of the company’s stock valued at $12,573,000 after purchasing an additional 12,011 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Altria Group by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 57,508,314 shares of the company’s stock valued at $2,935,224,000 after purchasing an additional 589,832 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in Altria Group by 729.8% in 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 purchasing an additional 1,731,932 shares during the last quarter. 57.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on MO shares. 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 research report on Friday, January 31st. Bank of America upgraded shares of Altria Group from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $55.00 to $65.00 in a research report on Friday, December 6th. Two 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 stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $53.29.

Altria Group Trading Up 1.4 %

MO stock opened at $57.79 on Monday. Altria Group, Inc. has a 52 week low of $40.65 and a 52 week high of $58.59. The company has a market capitalization of $97.70 billion, a price-to-earnings ratio of 8.82, a price-to-earnings-growth ratio of 2.89 and a beta of 0.56. The firm’s 50-day moving average is $53.15 and its two-hundred day moving average is $53.11.

Altria Group (NYSE:MO) last released its quarterly earnings results on Thursday, January 30th. The company reported $1.29 EPS 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%. On average, equities research analysts predict that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, March 25th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $4.08 annualized dividend and a dividend yield of 7.06%. Altria Group’s dividend payout ratio is currently 62.29%.

Altria Group Company 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.