Altria Group, Inc. (NYSE:MO) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP grew its holdings in shares of Altria Group, Inc. (NYSE:MO - Free Report) by 15.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 263,131 shares of the company's stock after purchasing an additional 36,167 shares during the period. Wellington Management Group LLP's holdings in Altria Group were worth $13,759,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MO. Financial Life Planners purchased a new stake in shares of Altria Group during the 4th quarter worth approximately $25,000. VSM Wealth Advisory LLC acquired a new stake in Altria Group in the fourth quarter valued at $29,000. Marshall Investment Management LLC purchased a new position in shares of Altria Group in the fourth quarter valued at $32,000. Promus Capital LLC purchased a new position in shares of Altria Group in the fourth quarter valued at $33,000. Finally, CBIZ Investment Advisory Services LLC raised its stake in shares of Altria Group by 895.7% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 697 shares of the company's stock worth $36,000 after buying an additional 627 shares during the last quarter. 57.41% of the stock is owned by hedge funds and other institutional investors.

Altria Group Stock Performance

NYSE MO traded up $0.30 during mid-day trading on Friday, reaching $56.68. 9,758,131 shares of the stock were exchanged, compared to its average volume of 9,026,980. The business's fifty day simple moving average is $56.22 and its 200 day simple moving average is $54.04. The stock has a market capitalization of $95.83 billion, a PE ratio of 8.65, a PEG ratio of 2.89 and a beta of 0.54. Altria Group, Inc. has a 1-year low of $40.65 and a 1-year high of $60.18.

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

Altria Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, March 25th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $4.08 annualized dividend and a dividend yield of 7.20%. Altria Group's payout ratio is currently 62.29%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on MO shares. Deutsche Bank Aktiengesellschaft set a $60.00 price objective on shares of Altria Group in a research note on Tuesday, April 1st. UBS Group raised 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, Morgan Stanley cut their price objective on Altria Group from $54.00 to $53.00 and set an "equal weight" rating for the company in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Altria Group has an average rating of "Hold" and an average price target of $54.00.

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.