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Mitsubishi UFJ Asset Management Co. Ltd. Has $203.33 Million Holdings in Altria Group, Inc. $MO

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Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Altria Group, Inc. (NYSE:MO - Free Report) by 6.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,547,908 shares of the company's stock after buying an additional 201,124 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.21% of Altria Group worth $203,331,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of MO. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Altria Group by 1.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,522,209 shares of the company's stock worth $232,677,000 after purchasing an additional 44,303 shares during the last quarter. Viking Fund Management LLC grew its holdings in Altria Group by 14.1% during the 4th quarter. Viking Fund Management LLC now owns 202,000 shares of the company's stock worth $11,647,000 after acquiring an additional 25,000 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Altria Group by 7.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 12,073,682 shares of the company's stock worth $797,587,000 after acquiring an additional 814,665 shares during the last quarter. Public Sector Pension Investment Board increased its position in Altria Group by 13.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 144,725 shares of the company's stock valued at $9,561,000 after acquiring an additional 17,429 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of Altria Group by 12.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 796,225 shares of the company's stock worth $52,599,000 after acquiring an additional 85,177 shares during the last quarter. 57.41% of the stock is owned by institutional investors and hedge funds.

More Altria Group News

Here are the key news stories impacting Altria Group this week:

Insiders Place Their Bets

In other Altria Group news, SVP Charles N. Whitaker sold 27,908 shares of Altria Group stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $67.57, for a total value of $1,885,743.56. Following the sale, the senior vice president directly owned 180,869 shares in the company, valued at approximately $12,221,318.33. The trade was a 13.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.10% of the company's stock.

Altria Group Price Performance

Shares of Altria Group stock opened at $70.26 on Thursday. The firm has a market cap of $117.33 billion, a price-to-earnings ratio of 14.70, a price-to-earnings-growth ratio of 2.73 and a beta of 0.48. The stock's 50-day moving average is $66.83 and its 200-day moving average is $62.74. Altria Group, Inc. has a one year low of $54.70 and a one year high of $74.56.

Altria Group (NYSE:MO - Get Free Report) last announced its earnings results on Thursday, April 30th. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.25 by $0.07. The business had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. Altria Group had a negative return on equity of 298.69% and a net margin of 34.34%.Altria Group's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.23 EPS. Altria Group has set its FY 2026 guidance at 5.560-5.72 EPS. On average, equities analysts expect that Altria Group, Inc. will post 5.67 EPS for the current year.

Altria Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Wednesday, March 25th were issued a dividend of $1.06 per share. The ex-dividend date was Wednesday, March 25th. This represents a $4.24 annualized dividend and a yield of 6.0%. Altria Group's dividend payout ratio is presently 88.70%.

Analyst Ratings Changes

MO has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Altria Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 2nd. UBS Group boosted their price objective on Altria Group from $74.00 to $76.00 and gave the stock a "buy" rating in a report on Friday, May 1st. Barclays upped their price objective on Altria Group from $57.00 to $63.00 and gave the company an "underweight" rating in a report on Monday, February 23rd. Citigroup upped their price target on Altria Group from $65.00 to $70.00 and gave the company a "neutral" rating in a research note on Friday, May 1st. Finally, Jefferies Financial Group boosted their price objective on shares of Altria Group from $47.00 to $50.00 and gave the company an "underperform" rating in a report on Wednesday, March 4th. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $69.22.

Read Our Latest Stock Report on MO

Altria Group Profile

(Free Report)

Altria Group, Inc NYSE: MO is a U.S.-based consumer goods company whose principal business is the manufacture and sale of tobacco products. Headquartered in Richmond, Virginia, the company's operations are focused primarily on the U.S. market and include the production, marketing and distribution of cigarettes, smokeless tobacco and cigars. Its flagship cigarette franchise in the United States is sold through its operating subsidiaries and is among the most recognizable cigarette brands in the country.

Altria's principal operating businesses include Philip Morris USA (cigarettes), U.S.

Featured Stories

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).

Institutional Ownership by Quarter for Altria Group (NYSE:MO)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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