Courier Capital LLC boosted its holdings in shares of Altria Group Inc (NYSE:MO) by 13.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,641 shares of the company’s stock after acquiring an additional 551 shares during the quarter. Courier Capital LLC’s holdings in Altria Group were worth $267,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of MO. Oregon Public Employees Retirement Fund increased its stake in Altria Group by 4,426.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 23,150,081 shares of the company’s stock worth $469,000 after acquiring an additional 22,638,593 shares during the last quarter. FMR LLC increased its stake in Altria Group by 13.9% during the fourth quarter. FMR LLC now owns 46,826,474 shares of the company’s stock worth $2,312,760,000 after acquiring an additional 5,719,727 shares during the last quarter. Geode Capital Management LLC increased its stake in Altria Group by 8.3% during the fourth quarter. Geode Capital Management LLC now owns 24,928,440 shares of the company’s stock worth $1,229,235,000 after acquiring an additional 1,908,626 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in Altria Group by 323.6% during the fourth quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,825,701 shares of the company’s stock worth $90,171,000 after acquiring an additional 1,394,730 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Altria Group by 22,510.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,388,520 shares of the company’s stock worth $68,579,000 after acquiring an additional 1,382,379 shares during the last quarter. 64.18% of the stock is owned by institutional investors.

Several research analysts have recently commented on MO shares. Morgan Stanley lowered Altria Group from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, January 22nd. ValuEngine upgraded Altria Group from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Citigroup set a $45.00 price target on Altria Group and gave the stock a “sell” rating in a research report on Friday, April 26th. Zacks Investment Research upgraded Altria Group from a “sell” rating to a “hold” rating in a research report on Monday, April 8th. Finally, Bank of America raised their price target on Altria Group from $56.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $62.53.

In related news, Director Nabil Y. Sakkab bought 1,352 shares of the firm’s stock in a transaction that occurred on Monday, February 25th. The stock was purchased at an average cost of $52.11 per share, for a total transaction of $70,452.72. Following the completion of the acquisition, the director now owns 39,660 shares in the company, valued at approximately $2,066,682.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jody L. Begley sold 3,250 shares of Altria Group stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $53.38, for a total value of $173,485.00. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

MO opened at $52.35 on Monday. Altria Group Inc has a 52 week low of $42.40 and a 52 week high of $66.04. The firm has a market cap of $97.94 billion, a PE ratio of 13.12, a PEG ratio of 1.65 and a beta of 0.35. The company has a quick ratio of 0.39, a current ratio of 0.62 and a debt-to-equity ratio of 1.92.

Altria Group (NYSE:MO) last released its quarterly earnings results on Thursday, April 25th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.02). Altria Group had a return on equity of 49.42% and a net margin of 24.87%. The firm had revenue of $4.39 billion for the quarter, compared to analysts’ expectations of $4.60 billion. During the same quarter in the prior year, the business earned $0.95 earnings per share. The company’s quarterly revenue was down 6.0% on a year-over-year basis. Equities research analysts predict that Altria Group Inc will post 4.18 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 14th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $3.20 dividend on an annualized basis and a yield of 6.11%. Altria Group’s dividend payout ratio (DPR) is presently 80.20%.

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About Altria Group

Altria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands.

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Institutional Ownership by Quarter for Altria Group (NYSE:MO)

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