Asahi Life Asset Management CO. LTD. Raises Stock Holdings in Altria Group, Inc. (NYSE:MO)

Asahi Life Asset Management CO. LTD. boosted its stake in Altria Group, Inc. (NYSE:MOFree Report) by 4.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,630 shares of the company’s stock after buying an additional 420 shares during the period. Asahi Life Asset Management CO. LTD.’s holdings in Altria Group were worth $429,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MO. Altshuler Shaham Ltd purchased a new stake in Altria Group during the third quarter worth about $26,000. Nemes Rush Group LLC increased its stake in Altria Group by 103.2% during the third quarter. Nemes Rush Group LLC now owns 636 shares of the company’s stock worth $27,000 after purchasing an additional 323 shares during the period. ZRC Wealth Management LLC increased its stake in Altria Group by 67.6% during the fourth quarter. ZRC Wealth Management LLC now owns 677 shares of the company’s stock worth $28,000 after purchasing an additional 273 shares during the period. Criterion Capital Advisors LLC purchased a new stake in Altria Group during the fourth quarter worth about $27,000. Finally, Financial Gravity Asset Management Inc. increased its stake in Altria Group by 1,800.0% during the third quarter. Financial Gravity Asset Management Inc. now owns 703 shares of the company’s stock worth $30,000 after purchasing an additional 666 shares during the period. 57.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Altria Group

In other Altria Group news, VP Charles N. Whitaker sold 22,487 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $43.95, for a total value of $988,303.65. Following the completion of the sale, the vice president now owns 173,485 shares of the company’s stock, valued at $7,624,665.75. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.09% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Argus upgraded shares of Altria Group to a “hold” rating in a research note on Friday, May 31st. UBS Group upped their target price on shares of Altria Group from $36.10 to $36.50 and gave the stock a “sell” rating in a research note on Monday, April 8th. StockNews.com lowered shares of Altria Group from a “buy” rating to a “hold” rating in a research note on Sunday, April 14th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $50.00 price target on shares of Altria Group in a report on Monday, March 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $46.90.

View Our Latest Analysis on MO

Altria Group Price Performance

Shares of MO stock traded up $0.01 during trading hours on Friday, hitting $46.70. The stock had a trading volume of 6,422,298 shares, compared to its average volume of 11,267,121. The stock’s 50 day moving average is $43.95 and its 200 day moving average is $42.28. Altria Group, Inc. has a twelve month low of $39.06 and a twelve month high of $47.19. The firm has a market capitalization of $80.21 billion, a PE ratio of 9.81, a PEG ratio of 2.88 and a beta of 0.64.

Altria Group (NYSE:MOGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The company reported $1.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.15. Altria Group had a negative return on equity of 222.80% and a net margin of 34.81%. The firm had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.71 billion. During the same quarter in the prior year, the business posted $1.18 earnings per share. Altria Group’s revenue was down 1.0% compared to the same quarter last year. As a group, equities analysts predict that Altria Group, Inc. will post 5.11 earnings per share for the current year.

Altria Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 14th will be issued a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 8.39%. The ex-dividend date is Friday, June 14th. Altria Group’s dividend payout ratio (DPR) is currently 82.01%.

Altria Group Profile

(Free Report)

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.

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

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