Rockefeller Capital Management L.P. Has $19.01 Million Holdings in Altria Group, Inc. (NYSE:MO)

Rockefeller Capital Management L.P. increased its holdings in Altria Group, Inc. (NYSE:MO) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 363,694 shares of the company’s stock after buying an additional 7,523 shares during the period. Rockefeller Capital Management L.P.’s holdings in Altria Group were worth $19,010,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Financial Life Planners acquired a new position in Altria Group during the fourth quarter valued at approximately $25,000. Redwood Park Advisors LLC acquired a new position in Altria Group during the fourth quarter worth about $26,000. VSM Wealth Advisory LLC bought a new position in shares of Altria Group in the fourth quarter worth about $29,000. Marshall Investment Management LLC bought a new position in shares of Altria Group in the fourth quarter worth about $32,000. Finally, Promus Capital LLC acquired a new stake in shares of Altria Group in the 4th quarter valued at approximately $33,000. 57.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on MO shares. Deutsche Bank Aktiengesellschaft set a $60.00 price objective on shares of Altria Group in a research note on Tuesday, April 1st. Morgan Stanley dropped their price target on Altria Group from $54.00 to $53.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Finally, UBS Group boosted their price objective on Altria Group from $42.00 to $46.00 and gave the stock a “sell” rating in a research report on Tuesday, April 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $54.00.

Altria Group Price Performance

Altria Group stock opened at $57.19 on Tuesday. The stock’s 50 day moving average is $56.31 and its 200 day moving average is $54.10. Altria Group, Inc. has a one year low of $40.65 and a one year high of $60.18. The firm has a market cap of $96.69 billion, a P/E ratio of 8.73, a P/E/G ratio of 2.89 and a beta of 0.54.

Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, January 30th. The company reported $1.29 EPS for the quarter, beating 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%. Equities analysts anticipate that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal 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. This represents a $4.08 dividend on an annualized basis and a dividend yield of 7.13%. The ex-dividend date is Tuesday, March 25th. Altria Group’s dividend payout ratio is 62.29%.

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.