10,056 Shares in Altria Group, Inc. (NYSE:MO) Bought by denkapparat Operations GmbH

denkapparat Operations GmbH purchased a new stake in Altria Group, Inc. (NYSE:MO) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,056 shares of the company’s stock, valued at approximately $526,000.

A number of other institutional investors also recently bought and sold shares of the business. Franklin Resources Inc. lifted its stake in Altria Group by 2.2% during the third quarter. Franklin Resources Inc. now owns 2,159,890 shares of the company’s stock worth $107,679,000 after purchasing an additional 46,697 shares during the last quarter. Czech National Bank lifted its position in shares of Altria Group by 5.7% during the 4th quarter. Czech National Bank now owns 367,469 shares of the company’s stock worth $19,215,000 after buying an additional 19,893 shares during the last quarter. CWA Asset Management Group LLC boosted its holdings in shares of Altria Group by 5.3% in the 4th quarter. CWA Asset Management Group LLC now owns 240,454 shares of the company’s stock valued at $12,573,000 after buying an additional 12,011 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of Altria Group by 8.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 706,967 shares of the company’s stock valued at $36,084,000 after buying an additional 54,102 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB raised its stake in Altria Group by 48.8% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 89,761 shares of the company’s stock worth $4,581,000 after acquiring an additional 29,421 shares in the last quarter. 57.41% of the stock is owned by hedge funds and other institutional investors.

Altria Group Stock Up 1.0 %

Shares of MO opened at $58.32 on Friday. The firm has a market cap of $98.60 billion, a PE ratio of 8.90, a price-to-earnings-growth ratio of 2.89 and a beta of 0.56. The company’s fifty day moving average is $54.94 and its two-hundred day moving average is $53.57. Altria Group, Inc. has a fifty-two week low of $40.65 and a fifty-two week high of $59.67.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, January 30th. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.28 by $0.01. Altria Group had a negative return on equity of 258.72% and a net margin of 46.90%. As a group, equities research analysts anticipate that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, March 25th will be issued a $1.02 dividend. The ex-dividend date is Tuesday, March 25th. This represents a $4.08 annualized dividend and a yield of 7.00%. Altria Group’s dividend payout ratio is presently 62.29%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MO. Bank of America raised Altria Group from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $55.00 to $65.00 in a report on Friday, December 6th. Morgan Stanley lowered their target price 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. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Altria Group has a consensus rating of “Hold” and an average price target of $53.29.

About Altria Group

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.