Renaissance Technologies LLC Has $153.26 Million Stock Position in Altria Group, Inc. (NYSE:MO)

Renaissance Technologies LLC increased its stake in Altria Group, Inc. (NYSE:MO - Free Report) by 37.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,931,015 shares of the company's stock after purchasing an additional 792,523 shares during the period. Renaissance Technologies LLC owned approximately 0.17% of Altria Group worth $153,263,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Financial Life Planners bought a new position in shares of Altria Group in the 4th quarter valued at about $25,000. VSM Wealth Advisory LLC bought a new position in Altria Group in the fourth quarter valued at approximately $29,000. Legacy Investment Solutions LLC bought a new stake in shares of Altria Group during the 3rd quarter worth approximately $34,000. Marshall Investment Management LLC bought a new stake in shares of Altria Group during the 4th quarter worth approximately $32,000. Finally, Promus Capital LLC bought a new position in shares of Altria Group in the fourth quarter valued at $33,000. Institutional investors own 57.41% of the company's stock.

Analyst Ratings Changes

MO has been the topic of several recent analyst reports. Morgan Stanley lowered their price objective on shares of Altria Group from $54.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft set a $60.00 price objective on Altria Group in a research note on Tuesday, April 1st. Finally, UBS Group lifted their target price on Altria Group from $42.00 to $46.00 and gave the stock a "sell" rating in a research note on Tuesday, April 1st. Two investment 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 MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $54.00.

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Altria Group Stock Up 0.5 %

Altria Group stock traded up $0.30 during trading hours on Friday, hitting $56.68. The stock had a trading volume of 9,758,131 shares, compared to its average volume of 9,026,980. The stock has a market cap of $95.83 billion, a price-to-earnings ratio of 8.65, a P/E/G ratio of 2.89 and a beta of 0.54. The business's 50 day simple moving average is $56.22 and its 200-day simple moving average is $54.04. Altria Group, Inc. has a one year low of $40.65 and a one year high of $60.18.

Altria Group (NYSE:MO - Get Free Report) last posted 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 net margin of 46.90% and a negative return on equity of 258.72%. Research analysts anticipate that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.

Altria Group Dividend Announcement

The company 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 dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 7.20%. The ex-dividend date is Tuesday, March 25th. Altria Group's dividend payout ratio is presently 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.