Deutsche Bank AG Has $198.81 Million Holdings in Altria Group, Inc. (NYSE:MO)

Deutsche Bank AG trimmed its position in Altria Group, Inc. (NYSE:MO - Free Report) by 5.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,802,103 shares of the company's stock after selling 235,625 shares during the period. Deutsche Bank AG owned approximately 0.22% of Altria Group worth $198,812,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of MO. Financial Life Planners acquired a new stake in shares of Altria Group during the fourth quarter valued at approximately $25,000. Redwood Park Advisors LLC purchased a new stake in shares of Altria Group during the 4th quarter worth about $26,000. VSM Wealth Advisory LLC acquired a new stake in Altria Group in the fourth quarter valued at approximately $29,000. Marshall Investment Management LLC bought a new stake in Altria Group during the fourth quarter worth approximately $32,000. Finally, Promus Capital LLC acquired a new position in Altria Group in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 57.41% of the company's stock.

Altria Group Stock Performance

Shares of MO stock traded down $0.94 during trading hours on Friday, hitting $59.46. The company had a trading volume of 5,746,528 shares, compared to its average volume of 8,724,086. The firm has a market capitalization of $100.16 billion, a price-to-earnings ratio of 9.08, a PEG ratio of 2.89 and a beta of 0.60. Altria Group, Inc. has a 12 month low of $43.83 and a 12 month high of $61.26. The firm's fifty day moving average is $58.04 and its 200 day moving average is $55.29.

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

Altria Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Tuesday, March 25th were given a dividend of $1.02 per share. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 6.86%. Altria Group's payout ratio is 68.34%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on MO shares. Stifel Nicolaus boosted their price objective on Altria Group from $60.00 to $63.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Barclays upped their price target on Altria Group from $46.00 to $49.00 and gave the stock an "underweight" rating in a report on Friday, May 2nd. Citigroup raised their price objective 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. Morgan Stanley cut their target price on shares of 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, Deutsche Bank Aktiengesellschaft set a $60.00 price objective on shares of Altria Group in a research report on Tuesday, April 1st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $56.00.

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.