Altria Group, Inc. (NYSE:MO) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group decreased its holdings in shares of Altria Group, Inc. (NYSE:MOFree Report) by 13.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 510,253 shares of the company’s stock after selling 82,164 shares during the quarter. Schroder Investment Management Group’s holdings in Altria Group were worth $20,584,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in MO. Northern Trust Corp lifted its holdings in Altria Group by 0.3% in the 3rd quarter. Northern Trust Corp now owns 16,609,568 shares of the company’s stock worth $698,432,000 after buying an additional 42,490 shares in the last quarter. Capital Research Global Investors lifted its holdings in Altria Group by 1.9% in the 4th quarter. Capital Research Global Investors now owns 13,279,658 shares of the company’s stock worth $535,701,000 after buying an additional 242,442 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in Altria Group by 17.0% in the 4th quarter. Pacer Advisors Inc. now owns 9,259,451 shares of the company’s stock worth $373,526,000 after buying an additional 1,343,094 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Altria Group by 8.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 9,174,355 shares of the company’s stock worth $381,278,000 after buying an additional 722,258 shares in the last quarter. Finally, Truist Financial Corp lifted its holdings in Altria Group by 7.6% in the 3rd quarter. Truist Financial Corp now owns 4,762,934 shares of the company’s stock worth $200,281,000 after buying an additional 337,548 shares in the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Insider Activity at Altria Group

In other Altria Group news, VP Charles N. Whitaker sold 22,487 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $43.95, for a total value of $988,303.65. Following the completion of the transaction, the vice president now owns 173,485 shares in the company, valued at approximately $7,624,665.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.09% of the company’s stock.

Altria Group Stock Down 0.4 %

Shares of NYSE:MO opened at $46.51 on Tuesday. Altria Group, Inc. has a fifty-two week low of $39.06 and a fifty-two week high of $47.19. The firm has a 50-day simple moving average of $44.08 and a 200 day simple moving average of $42.38. The company has a market cap of $79.89 billion, a PE ratio of 9.73, a P/E/G ratio of 2.88 and a beta of 0.64.

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

Altria Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 14th will be given a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 8.43%. The ex-dividend date is Friday, June 14th. Altria Group’s dividend payout ratio is presently 82.01%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. UBS Group boosted their price objective on shares of Altria Group from $36.10 to $36.50 and gave the stock a “sell” rating in a report on Monday, April 8th. Stifel Nicolaus reissued a “buy” rating and issued a $50.00 target price on shares of Altria Group in a research report on Monday, March 25th. Argus raised shares of Altria Group to a “hold” rating in a research report on Friday, May 31st. Finally, StockNews.com downgraded shares of Altria Group from a “buy” rating to a “hold” rating in a research report on Sunday, April 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $46.90.

View Our Latest Stock Report on MO

Altria Group Company 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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