CreativeOne Wealth LLC Has $8.13 Million Holdings in Altria Group, Inc. (NYSE:MO)

CreativeOne Wealth LLC grew its holdings in Altria Group, Inc. (NYSE:MO - Free Report) by 27.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 155,564 shares of the company's stock after buying an additional 33,724 shares during the period. CreativeOne Wealth LLC's holdings in Altria Group were worth $8,134,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted 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 acquiring an additional 2,296,972 shares during the period. Geode Capital Management LLC lifted its holdings in Altria Group by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 41,938,507 shares of the company's stock worth $2,193,687,000 after purchasing an additional 1,134,748 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in 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 last quarter. Invesco Ltd. boosted its stake in Altria Group by 9.1% in the 4th quarter. Invesco Ltd. now owns 11,801,958 shares of the company's stock valued at $617,124,000 after purchasing an additional 983,328 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in Altria Group by 2.1% in the 4th quarter. Victory Capital Management Inc. now owns 4,488,007 shares of the company's stock valued at $234,678,000 after buying an additional 93,121 shares in the last quarter. 57.41% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

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

Altria Group Trading Up 0.8 %

Altria Group stock traded up $0.44 during trading hours on Tuesday, reaching $57.57. 6,382,766 shares of the stock were exchanged, compared to its average volume of 9,005,965. Altria Group, Inc. has a twelve month low of $40.72 and a twelve month high of $60.18. The company has a market cap of $97.33 billion, a P/E ratio of 8.79, a price-to-earnings-growth ratio of 2.89 and a beta of 0.54. The stock has a 50 day moving average of $56.31 and a two-hundred day moving average of $54.10.

Altria Group (NYSE:MO - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.01. Altria Group had a net margin of 46.90% and a negative return on equity of 258.72%. On average, analysts expect 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 paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 7.09%. The ex-dividend date is Tuesday, March 25th. Altria Group's payout ratio is 62.29%.

Altria Group Company 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.