Nissay Asset Management Corp Japan ADV Has $11.09 Million Stake in Altria Group, Inc. (NYSE:MO)

Nissay Asset Management Corp Japan ADV decreased its stake in Altria Group, Inc. (NYSE:MO) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 211,675 shares of the company’s stock after selling 1,792 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Altria Group were worth $11,088,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Financial Life Planners acquired a new stake in shares of Altria Group during the fourth quarter worth about $25,000. Redwood Park Advisors LLC acquired a new stake in shares of Altria Group during the fourth quarter worth about $26,000. VSM Wealth Advisory LLC acquired a new stake in shares of Altria Group during the fourth quarter worth about $29,000. Marshall Investment Management LLC acquired a new stake in shares of Altria Group during the fourth quarter worth about $32,000. Finally, Promus Capital LLC acquired a new stake in shares of Altria Group during the fourth quarter worth about $33,000. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Stock Performance

Shares of Altria Group stock opened at $56.50 on Thursday. The business’s 50 day simple moving average is $58.03 and its 200 day simple moving average is $55.35. Altria Group, Inc. has a 52-week low of $43.83 and a 52-week high of $61.26. The firm has a market cap of $95.17 billion, a PE ratio of 8.63, a P/E/G ratio of 2.89 and a beta of 0.60.

Altria Group (NYSE:MO) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.04. The firm had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.64 billion. Altria Group had a negative return on equity of 258.72% and a net margin of 46.90%. The business’s revenue was down 4.2% compared to the same quarter last year. During the same period last year, the company earned $1.15 earnings per share. As a group, equities research analysts predict that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, March 25th were paid a $1.02 dividend. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $4.08 dividend on an annualized basis and a yield of 7.22%. Altria Group’s dividend payout ratio is 68.34%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on MO shares. Deutsche Bank Aktiengesellschaft set a $60.00 price target on Altria Group in a research report on Tuesday, April 1st. Citigroup raised their price target on Altria Group from $52.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, April 25th. Morgan Stanley dropped their target price on Altria Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Stifel Nicolaus lifted their target price on Altria Group from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, April 30th. Finally, Barclays lifted their target price on Altria Group from $46.00 to $49.00 and gave the company an “underweight” rating in a research report on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $56.00.

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.