Braun Stacey Associates Inc. cut its stake in shares of Altria Group Inc (NYSE:MO) by 7.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 114,372 shares of the company’s stock after selling 9,775 shares during the period. Braun Stacey Associates Inc.’s holdings in Altria Group were worth $5,649,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in MO. Capital International Investors lifted its position in Altria Group by 698.6% during the 3rd 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 in the last quarter. Bank of New York Mellon Corp lifted its position in Altria Group by 82,381.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 22,356,466 shares of the company’s stock worth $1,348,318,000 after acquiring an additional 22,329,361 shares in the last quarter. FMR LLC lifted its position in Altria Group by 14.1% during the 2nd quarter. FMR LLC now owns 37,263,858 shares of the company’s stock worth $2,116,214,000 after acquiring an additional 4,613,088 shares in the last quarter. Morgan Stanley lifted its position in Altria Group by 20.0% during the 3rd quarter. Morgan Stanley now owns 19,755,741 shares of the company’s stock worth $1,191,471,000 after acquiring an additional 3,293,877 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in Altria Group by 53.5% during the 3rd quarter. Alliancebernstein L.P. now owns 8,540,024 shares of the company’s stock worth $515,049,000 after acquiring an additional 2,976,847 shares in the last quarter. 64.37% of the stock is currently owned by hedge funds and other institutional investors.

Shares of MO opened at $49.20 on Monday. Altria Group Inc has a 52-week low of $42.40 and a 52-week high of $70.66. The company has a market capitalization of $92.45 billion, a price-to-earnings ratio of 12.33, a price-to-earnings-growth ratio of 1.46 and a beta of 0.36. The company has a current ratio of 0.60, a quick ratio of 0.36 and a debt-to-equity ratio of 0.77.

Altria Group (NYSE:MO) last issued its quarterly earnings results on Thursday, January 31st. The company reported $0.95 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.95. Altria Group had a return on equity of 48.44% and a net margin of 27.45%. The business had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.81 billion. During the same period in the previous year, the business earned $0.91 EPS. Sell-side analysts expect that Altria Group Inc will post 4.21 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, January 10th. Stockholders of record on Wednesday, December 26th were issued a $0.80 dividend. The ex-dividend date was Monday, December 24th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 6.50%. Altria Group’s dividend payout ratio (DPR) is 80.20%.

MO has been the topic of several recent research reports. Deutsche Bank reduced their price target 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. Piper Jaffray Companies set a $75.00 target price on Altria Group and gave the company a “buy” rating in a research report on Tuesday, December 11th. Argus upped their target price on Altria Group from $70.00 to $71.00 and gave the company a “buy” rating in a research report on Monday, October 29th. TheStreet lowered Altria Group from a “b-” rating to a “c+” rating in a research report on Monday, January 7th. Finally, Jefferies Financial Group set a $56.00 target price on Altria Group and gave the company a “hold” rating in a research report on Thursday, November 29th. Four research analysts have rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $66.37.

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Altria Group Profile

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.

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

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