Altria Group, Inc. (NYSE:MO) Shares Purchased by Capital International Inc. CA

Capital International Inc. CA increased its stake in shares of Altria Group, Inc. (NYSE:MO - Free Report) by 36.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 284,385 shares of the company's stock after purchasing an additional 75,406 shares during the quarter. Capital International Inc. CA's holdings in Altria Group were worth $14,870,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Financial Life Planners acquired a new stake in shares of Altria Group during the 4th quarter worth about $25,000. Redwood Park Advisors LLC acquired a new stake in Altria Group during the fourth quarter worth approximately $26,000. VSM Wealth Advisory LLC purchased a new stake in Altria Group in the 4th quarter worth approximately $29,000. Marshall Investment Management LLC acquired a new position in Altria Group in the 4th quarter valued at $32,000. Finally, Promus Capital LLC purchased a new position in shares of Altria Group during the 4th quarter worth $33,000. Hedge funds and other institutional investors own 57.41% of the company's stock.

Altria Group Trading Down 0.0 %

Shares of MO traded down $0.01 during midday trading on Thursday, reaching $58.56. 2,105,573 shares of the company were exchanged, compared to its average volume of 9,612,226. Altria Group, Inc. has a 1-year low of $42.76 and a 1-year high of $60.18. The stock has a 50-day moving average price of $56.97 and a 200-day moving average price of $54.42. The company has a market cap of $99.00 billion, a price-to-earnings ratio of 8.94, a P/E/G ratio of 2.89 and a beta of 0.54.

Altria Group (NYSE:MO - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $1.29 EPS for the quarter, topping analysts' consensus estimates of $1.28 by $0.01. Altria Group had a net margin of 46.90% and a negative return on equity of 258.72%. Equities research analysts anticipate that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, March 25th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $4.08 dividend on an annualized basis and a yield of 6.97%. Altria Group's dividend payout ratio (DPR) is 62.29%.

Analyst Ratings Changes

Several analysts have commented on the company. UBS Group lifted their price target on Altria Group from $42.00 to $46.00 and gave the company a "sell" rating in a report on Tuesday, April 1st. Morgan Stanley dropped their price target on shares of Altria Group from $54.00 to $53.00 and set an "equal weight" rating for the company in a research report on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft set a $60.00 price target on shares of Altria Group in a report on Tuesday, April 1st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Altria Group currently has an average rating of "Hold" and an average price target of $54.00.

About Altria Group

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.