Corient Private Wealth LLC Has $25.69 Million Holdings in Altria Group, Inc. (NYSE:MO)

Corient Private Wealth LLC lessened its holdings in shares of Altria Group, Inc. (NYSE:MO - Free Report) by 11.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 491,228 shares of the company's stock after selling 60,912 shares during the quarter. Corient Private Wealth LLC's holdings in Altria Group were worth $25,687,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. CBIZ Investment Advisory Services LLC increased its stake in shares of Altria Group by 895.7% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 697 shares of the company's stock valued at $36,000 after acquiring an additional 627 shares during the period. one8zero8 LLC acquired a new position in shares of Altria Group during the 4th quarter valued at $1,682,000. Choate Investment Advisors raised its stake in shares of Altria Group by 64.7% in the 4th quarter. Choate Investment Advisors now owns 12,389 shares of the company's stock worth $648,000 after buying an additional 4,869 shares in the last quarter. Natixis Advisors LLC lifted its holdings in shares of Altria Group by 19.3% in the fourth quarter. Natixis Advisors LLC now owns 947,121 shares of the company's stock valued at $49,525,000 after buying an additional 152,945 shares during the period. Finally, Frank Rimerman Advisors LLC boosted its stake in Altria Group by 10.7% during the fourth quarter. Frank Rimerman Advisors LLC now owns 67,331 shares of the company's stock valued at $3,521,000 after buying an additional 6,484 shares in the last quarter. Institutional investors own 57.41% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Morgan Stanley cut 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 report on Friday, January 31st. Bank of America raised shares of Altria Group from a "neutral" rating to a "buy" rating and increased their target price for the company from $55.00 to $65.00 in a research note on Friday, December 6th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $53.29.

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Altria Group Price Performance

Altria Group stock traded down $0.63 during midday trading on Friday, reaching $57.46. The stock had a trading volume of 33,829,726 shares, compared to its average volume of 8,595,164. Altria Group, Inc. has a twelve month low of $40.65 and a twelve month high of $59.67. The firm has a market cap of $97.14 billion, a price-to-earnings ratio of 8.77, a PEG ratio of 2.89 and a beta of 0.56. The firm's fifty day simple moving average is $54.42 and its two-hundred day simple moving average is $53.47.

Altria Group (NYSE:MO - Get Free Report) last issued its earnings results on Thursday, January 30th. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.28 by $0.01. Altria Group had a negative return on equity of 258.72% and a net margin of 46.90%. As a group, sell-side analysts predict that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.

Altria Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, March 25th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 7.10%. The ex-dividend date is Tuesday, March 25th. Altria Group's dividend payout ratio (DPR) is currently 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.