Sei Investments Co. Acquires 95,391 Shares of Altria Group, Inc. (NYSE:MO)

Sei Investments Co. lifted its position in shares of Altria Group, Inc. (NYSE:MO - Free Report) by 7.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,361,748 shares of the company's stock after buying an additional 95,391 shares during the period. Sei Investments Co. owned 0.08% of Altria Group worth $71,205,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. State Street Corp boosted its holdings in shares of Altria Group by 5.6% during the third quarter. State Street Corp now owns 73,481,686 shares of the company's stock worth $3,821,831,000 after purchasing an additional 3,910,738 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Altria Group during the fourth quarter worth about $137,536,000. Charles Schwab Investment Management Inc. lifted its position in 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 buying an additional 2,296,972 shares during the period. Teacher Retirement System of Texas boosted its stake in Altria Group by 136.4% in the 4th quarter. Teacher Retirement System of Texas now owns 2,022,121 shares of the company's stock worth $105,737,000 after buying an additional 1,166,701 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Altria Group by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 40,803,759 shares of the company's stock valued at $2,079,919,000 after buying an additional 1,003,605 shares during the period. Institutional investors and hedge funds own 57.41% of the company's stock.

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Analysts Set New Price Targets

MO has been the topic of several recent analyst reports. Morgan Stanley cut 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 report on Friday, January 31st. Bank of America upgraded Altria Group from a "neutral" rating to a "buy" rating and raised their target price for the company from $55.00 to $65.00 in a report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Altria Group currently has an average rating of "Hold" and an average price target of $53.29.

Altria Group Trading Up 0.2 %

MO stock traded up $0.10 on Tuesday, hitting $56.73. 7,992,501 shares of the company's stock traded hands, compared to its average volume of 8,542,338. The stock has a market cap of $95.91 billion, a price-to-earnings ratio of 8.66, a P/E/G ratio of 2.89 and a beta of 0.56. Altria Group, Inc. has a 1-year low of $40.65 and a 1-year high of $59.67. The stock has a fifty day moving average of $54.56 and a 200-day moving average of $53.48.

Altria Group (NYSE:MO - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $1.29 earnings per share for the quarter, beating 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%. On average, equities research analysts anticipate that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders 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 7.19%. The ex-dividend date is Tuesday, March 25th. Altria Group's dividend payout ratio (DPR) 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.