Altria Group, Inc. (NYSE:MO) Shares Bought by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. raised its holdings in Altria Group, Inc. (NYSE:MO) by 1.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,064 shares of the company’s stock after purchasing an additional 459 shares during the period. Coldstream Capital Management Inc.’s holdings in Altria Group were worth $2,200,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. raised its holdings in shares of Altria Group by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 59,805,286 shares of the company’s stock worth $3,127,218,000 after purchasing an additional 2,296,972 shares during the period. Geode Capital Management LLC grew its position in shares of Altria Group by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 41,938,507 shares of the company’s stock valued at $2,193,687,000 after buying an additional 1,134,748 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Altria Group by 0.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 22,273,491 shares of the company’s stock worth $1,164,681,000 after purchasing an additional 76,004 shares during the period. Invesco Ltd. increased its position in Altria Group by 9.1% in the fourth quarter. Invesco Ltd. now owns 11,801,958 shares of the company’s stock worth $617,124,000 after buying an additional 983,328 shares during the period. Finally, First Trust Advisors LP boosted its stake in Altria Group by 3.7% during the 4th quarter. First Trust Advisors LP now owns 6,218,299 shares of the company’s stock valued at $325,155,000 after purchasing an additional 222,584 shares during the period. 57.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MO has been the topic of several analyst reports. Citigroup raised their target price on Altria Group from $52.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft set a $60.00 price objective on Altria Group in a report on Tuesday, April 1st. Morgan Stanley lowered their target price on Altria Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Finally, UBS Group raised their price objective on shares of Altria Group from $42.00 to $46.00 and gave the company a “sell” rating in a research report on Tuesday, April 1st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $55.00.

Altria Group Trading Down 0.7 %

Shares of Altria Group stock opened at $58.28 on Monday. The company has a market cap of $98.53 billion, a P/E ratio of 8.90, a P/E/G ratio of 2.89 and a beta of 0.54. The stock has a 50-day moving average price of $57.19 and a 200 day moving average price of $54.60. Altria Group, Inc. has a 1 year low of $43.37 and a 1 year high of $60.18.

Altria Group (NYSE:MO) last posted its quarterly earnings results on Thursday, January 30th. The company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.01. Altria Group had a negative return on equity of 258.72% and a net margin of 46.90%. On average, equities analysts forecast that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, March 25th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 7.00%. The ex-dividend date of this dividend is Tuesday, March 25th. Altria Group’s dividend payout ratio is 62.29%.

Altria Group Profile

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.