Altria Group, Inc. (NYSE:MO) Shares Acquired by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina increased its position in shares of Altria Group, Inc. (NYSE:MO - Free Report) by 5.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 791,469 shares of the company's stock after purchasing an additional 40,060 shares during the quarter. Treasurer of the State of North Carolina's holdings in Altria Group were worth $41,386,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of MO. Arete Wealth Advisors LLC acquired a new stake in shares of Altria Group during the 3rd quarter worth about $963,000. Coldstream Capital Management Inc. boosted its holdings in shares of Altria Group by 8.7% during the third quarter. Coldstream Capital Management Inc. now owns 41,605 shares of the company's stock worth $2,144,000 after purchasing an additional 3,343 shares during the last quarter. Toronto Dominion Bank grew its position in shares of Altria Group by 30.5% in the third quarter. Toronto Dominion Bank now owns 927,433 shares of the company's stock valued at $47,336,000 after purchasing an additional 216,863 shares during the period. Sunbelt Securities Inc. increased its stake in Altria Group by 4.2% in the third quarter. Sunbelt Securities Inc. now owns 66,378 shares of the company's stock valued at $3,388,000 after purchasing an additional 2,692 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its position in Altria Group by 1.5% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 594,032 shares of the company's stock worth $30,320,000 after buying an additional 8,804 shares during the period. Institutional investors and hedge funds own 57.41% of the company's stock.

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Analyst Upgrades and Downgrades

MO has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft set a $60.00 price target on Altria Group in a report on Tuesday, April 1st. UBS Group upped their price target on shares of Altria Group from $42.00 to $46.00 and gave the stock a "sell" rating in a research report on Tuesday, April 1st. Finally, Morgan Stanley cut their price target 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. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Altria Group has a consensus rating of "Hold" and a consensus price target of $54.00.

Altria Group Trading Up 0.8 %

MO traded up $0.46 during trading on Monday, hitting $57.11. 3,509,558 shares of the company's stock were exchanged, compared to its average volume of 8,999,070. Altria Group, Inc. has a 1 year low of $40.65 and a 1 year high of $60.18. The stock has a 50 day moving average price of $56.22 and a 200 day moving average price of $54.06. The firm has a market cap of $96.55 billion, a P/E ratio of 8.72, a price-to-earnings-growth ratio of 2.89 and a beta of 0.54.

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

Altria Group Announces Dividend

The firm also recently disclosed 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. The ex-dividend date is Tuesday, March 25th. This represents a $4.08 dividend on an annualized basis and a yield of 7.14%. Altria Group's dividend payout ratio (DPR) is presently 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.