Nisa Investment Advisors LLC Has $34.92 Million Stake in Altria Group, Inc. $MO

Nisa Investment Advisors LLC grew its position in Altria Group, Inc. (NYSE:MOFree Report) by 3.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 594,510 shares of the company’s stock after acquiring an additional 20,863 shares during the period. Nisa Investment Advisors LLC’s holdings in Altria Group were worth $34,916,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of MO. Cobblestone Asset Management LLC raised its position in Altria Group by 3.8% in the 4th quarter. Cobblestone Asset Management LLC now owns 11,091 shares of the company’s stock valued at $639,000 after purchasing an additional 403 shares during the last quarter. ACT Wealth Management LLC grew its holdings in shares of Altria Group by 10.4% during the fourth quarter. ACT Wealth Management LLC now owns 5,326 shares of the company’s stock worth $307,000 after purchasing an additional 501 shares during the last quarter. Shrier Wealth Management LLC acquired a new stake in shares of Altria Group in the fourth quarter valued at $1,146,000. Rockland Trust Co. increased its stake in shares of Altria Group by 11.5% in the fourth quarter. Rockland Trust Co. now owns 4,868 shares of the company’s stock valued at $281,000 after buying an additional 503 shares in the last quarter. Finally, Birch Financial Group LLC bought a new position in shares of Altria Group in the fourth quarter valued at about $631,000. 57.41% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Altria Group

In other 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 transaction of $1,885,743.56. Following the transaction, the senior vice president directly owned 180,869 shares of the company’s stock, valued at $12,221,318.33. This trade represents a 13.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.08% of the stock is currently owned by corporate insiders.

Altria Group Trading Down 1.6%

Shares of MO opened at $65.95 on Wednesday. The stock has a market cap of $110.27 billion, a P/E ratio of 16.05, a price-to-earnings-growth ratio of 2.86 and a beta of 0.45. Altria Group, Inc. has a 1 year low of $52.82 and a 1 year high of $70.51. The stock’s 50-day moving average price is $65.80 and its two-hundred day moving average price is $62.49.

Altria Group (NYSE:MOGet Free Report) last announced its quarterly earnings results on Thursday, January 29th. The company reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.02). Altria Group had a net margin of 29.84% and a negative return on equity of 287.61%. The firm had revenue of $5.08 billion during the quarter, compared to analyst estimates of $5.02 billion. During the same quarter in the prior year, the business earned $1.30 earnings per share. The business’s revenue was down .5% on a year-over-year basis. As a group, equities analysts forecast that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, March 25th will be issued a $1.06 dividend. The ex-dividend date is Wednesday, March 25th. This represents a $4.24 annualized dividend and a yield of 6.4%. Altria Group’s dividend payout ratio (DPR) is 103.16%.

Wall Street Analyst Weigh In

MO has been the topic of several research reports. Argus upgraded shares of Altria Group to a “hold” rating in a research report on Tuesday, January 13th. Citigroup boosted their target price on shares of Altria Group from $57.00 to $65.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. Jefferies Financial Group upped their target price on shares of Altria Group from $47.00 to $50.00 and gave the stock an “underperform” rating in a research report on Wednesday, March 4th. Stifel Nicolaus decreased their price target on shares of Altria Group from $72.00 to $68.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. Finally, UBS Group raised their price target on shares of Altria Group from $67.00 to $74.00 and gave the company a “buy” rating in a report on Monday, March 9th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $65.75.

Check Out Our Latest Research Report on Altria Group

Altria Group News Summary

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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.

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

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