Berman Capital Advisors LLC purchased a new position in shares of Altria Group Inc (NYSE:MO) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,179 shares of the company’s stock, valued at approximately $155,000.

A number of other large investors have also recently added to or reduced their stakes in MO. Vanguard Group Inc. increased its position in shares of Altria Group by 0.8% during the third quarter. Vanguard Group Inc. now owns 141,423,951 shares of the company’s stock worth $8,529,279,000 after acquiring an additional 1,107,891 shares during the period. Vanguard Group Inc increased its position in shares of Altria Group by 0.8% during the third quarter. Vanguard Group Inc now owns 141,423,951 shares of the company’s stock worth $8,529,279,000 after acquiring an additional 1,107,891 shares during the period. Capital International Investors increased its position in shares of Altria Group by 698.6% during the third quarter. Capital International Investors now owns 31,992,124 shares of the company’s stock worth $1,929,445,000 after acquiring an additional 27,986,154 shares during the period. Oregon Public Employees Retirement Fund increased its position in shares of Altria Group by 4,426.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 23,150,081 shares of the company’s stock worth $469,000 after acquiring an additional 22,638,593 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Altria Group by 1.9% during the fourth quarter. Bank of New York Mellon Corp now owns 22,776,754 shares of the company’s stock worth $1,124,943,000 after acquiring an additional 420,288 shares during the period. Institutional investors own 64.27% of the company’s stock.

NYSE:MO opened at $56.30 on Thursday. The firm has a market capitalization of $106.90 billion, a P/E ratio of 14.11, a price-to-earnings-growth ratio of 1.68 and a beta of 0.37. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.09 and a current ratio of 0.20. Altria Group Inc has a 12 month low of $42.40 and a 12 month high of $66.04.

Altria Group (NYSE:MO) last posted its earnings results on Thursday, January 31st. The company reported $0.95 EPS for the quarter, meeting the consensus estimate of $0.95. The firm had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.81 billion. Altria Group had a return on equity of 49.05% and a net margin of 27.45%. During the same quarter in the prior year, the company posted $0.91 earnings per share. Analysts predict that Altria Group Inc will post 4.21 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, March 25th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 5.68%. The ex-dividend date is Friday, March 22nd. Altria Group’s dividend payout ratio (DPR) is presently 80.20%.

In related news, Director Nabil Y. Sakkab acquired 1,032 shares of the firm’s stock in a transaction on Thursday, February 21st. The stock was bought at an average price of $50.42 per share, for a total transaction of $52,033.44. Following the completion of the purchase, the director now directly owns 38,308 shares of the company’s stock, valued at approximately $1,931,489.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Nabil Y. Sakkab acquired 1,352 shares of the firm’s stock in a transaction on Monday, February 25th. The stock was bought at an average price of $52.11 per share, with a total value of $70,452.72. Following the purchase, the director now directly owns 39,660 shares of the company’s stock, valued at $2,066,682.60. The disclosure for this purchase can be found here. Corporate insiders own 0.11% of the company’s stock.

A number of analysts have recently weighed in on the company. Morgan Stanley lowered Altria Group from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, January 22nd. ValuEngine raised Altria Group from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Citigroup lowered Altria Group from a “neutral” rating to a “sell” rating in a research report on Friday, December 21st. Deutsche Bank cut their price objective on Altria Group from $62.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, December 21st. Finally, Barclays assumed coverage on Altria Group in a research report on Friday, December 7th. They set an “overweight” rating and a $64.00 price objective on the stock. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $65.53.

COPYRIGHT VIOLATION WARNING: This story was published by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The correct version of this story can be viewed at https://www.watchlistnews.com/3179-shares-in-altria-group-inc-mo-purchased-by-berman-capital-advisors-llc/2922959.html.

About Altria Group

Altria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands.

Read More: Why Net Income is Important to Investors

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).

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

Receive News & Ratings for Altria Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altria Group and related companies with MarketBeat.com's FREE daily email newsletter.