Altria Group, Inc. (NYSE:MO) Shares Acquired by Redwood Investment Management LLC

Redwood Investment Management LLC grew its position in shares of Altria Group, Inc. (NYSE:MO - Free Report) by 70.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,276 shares of the company's stock after purchasing an additional 27,480 shares during the quarter. Redwood Investment Management LLC's holdings in Altria Group were worth $3,466,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft set a $60.00 target price on shares of Altria Group in a report on Tuesday, April 1st. StockNews.com cut Altria Group from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. Citigroup lifted their target price on shares of Altria Group from $52.00 to $55.00 and gave the stock a "neutral" rating in a research note on Friday, April 25th. Stifel Nicolaus increased their price target on shares of Altria Group from $60.00 to $63.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Finally, Barclays increased their price objective on Altria Group from $46.00 to $49.00 and gave the stock an "underweight" rating in a research report on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Altria Group currently has a consensus rating of "Hold" and an average price target of $56.00.

Altria Group Stock Up 0.1%

NYSE:MO opened at $56.50 on Thursday. The stock has a market capitalization of $95.17 billion, a price-to-earnings ratio of 8.63, a price-to-earnings-growth ratio of 2.89 and a beta of 0.60. Altria Group, Inc. has a 52 week low of $43.83 and a 52 week high of $61.26. The stock's fifty day moving average is $58.03 and its two-hundred day moving average is $55.35.

Altria Group (NYSE:MO - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.04. The company had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.64 billion. Altria Group had a negative return on equity of 258.72% and a net margin of 46.90%. Altria Group's revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.15 EPS. On average, sell-side analysts expect that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.

Altria Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Tuesday, March 25th were paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 7.22%. The ex-dividend date was Tuesday, March 25th. Altria Group's payout ratio is currently 68.34%.

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.

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