Crestline Management LP increased its holdings in Altria Group, Inc. (NYSE:MO - Free Report) by 26.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 34,795 shares of the company's stock after buying an additional 7,272 shares during the period. Crestline Management LP's holdings in Altria Group were worth $1,819,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the business. Financial Life Planners acquired a new stake in Altria Group in the 4th quarter valued at approximately $25,000. Redwood Park Advisors LLC acquired a new position in shares of Altria Group during the fourth quarter valued at $26,000. VSM Wealth Advisory LLC bought a new stake in shares of Altria Group during the fourth quarter valued at about $29,000. Marshall Investment Management LLC acquired a new stake in Altria Group in the fourth quarter worth about $32,000. Finally, Promus Capital LLC bought a new position in Altria Group in the 4th quarter valued at about $33,000. Institutional investors own 57.41% of the company's stock.
Altria Group Price Performance
Shares of NYSE MO opened at $60.92 on Thursday. Altria Group, Inc. has a one year low of $43.83 and a one year high of $61.26. The business's 50-day moving average price is $57.92 and its two-hundred day moving average price is $55.07. The company has a market capitalization of $102.62 billion, a P/E ratio of 9.30, a price-to-earnings-growth ratio of 2.89 and a beta of 0.60.
Altria Group (NYSE:MO - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.19 by $0.04. The business had revenue of $4.52 billion during the quarter, compared to analysts' expectations of $4.64 billion. Altria Group had a negative return on equity of 258.72% and a net margin of 46.90%. The firm's quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.15 EPS. On average, equities analysts anticipate that Altria Group, Inc. will post 5.32 EPS for the current year.
Altria Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Tuesday, March 25th were issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 6.70%. The ex-dividend date was Tuesday, March 25th. Altria Group's dividend payout ratio is presently 68.34%.
Analyst Ratings Changes
A number of equities analysts have issued reports on MO shares. Barclays lifted their price target on Altria Group from $46.00 to $49.00 and gave the company an "underweight" rating in a research report on Friday, May 2nd. Morgan Stanley dropped their price target 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. UBS Group raised their price objective on shares of Altria Group from $46.00 to $47.00 and gave the company a "sell" rating in a research report on Wednesday, April 30th. StockNews.com downgraded shares of Altria Group from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. Finally, Deutsche Bank Aktiengesellschaft set a $60.00 target price on shares of Altria Group in a report on Tuesday, April 1st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $56.00.
Get Our Latest Report on Altria Group
Altria Group Company 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.
See Also
Want to see what other hedge funds are holding MO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Altria Group, Inc. (NYSE:MO - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Altria Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Altria Group wasn't on the list.
While Altria Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
