Mirae Asset Global Investments Co. Ltd. Has $77.10 Million Holdings in Altria Group, Inc. (NYSE:MO)

Mirae Asset Global Investments Co. Ltd. grew its position in shares of Altria Group, Inc. (NYSE:MO) by 20.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,472,569 shares of the company’s stock after buying an additional 247,592 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.09% of Altria Group worth $77,103,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Stratos Wealth Partners LTD. raised its holdings in shares of Altria Group by 2.2% in the fourth quarter. Stratos Wealth Partners LTD. now owns 58,801 shares of the company’s stock valued at $3,075,000 after buying an additional 1,244 shares during the last quarter. Sargent Investment Group LLC bought a new position in shares of Altria Group in the fourth quarter worth about $544,000. James J. Burns & Company LLC acquired a new position in shares of Altria Group during the fourth quarter worth approximately $936,000. Longboard Asset Management LP acquired a new stake in shares of Altria Group in the fourth quarter valued at approximately $244,000. Finally, Rockline Wealth Management LLC raised its position in Altria Group by 7.3% in the 4th quarter. Rockline Wealth Management LLC now owns 4,403 shares of the company’s stock worth $230,000 after purchasing an additional 300 shares during the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Stock Performance

Shares of NYSE:MO opened at $52.66 on Wednesday. The company has a 50 day moving average price of $53.49 and a two-hundred day moving average price of $52.39. The company has a market capitalization of $89.25 billion, a PE ratio of 8.04, a PEG ratio of 2.78 and a beta of 0.64. Altria Group, Inc. has a 52 week low of $39.25 and a 52 week high of $58.03.

Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, January 30th. The company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.01. Altria Group had a net margin of 46.90% and a negative return on equity of 258.72%. On average, sell-side analysts forecast that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 26th were paid a dividend of $1.02 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $4.08 dividend on an annualized basis and a yield of 7.75%. Altria Group’s payout ratio is 62.29%.

Analyst Upgrades and Downgrades

MO has been the topic of a number of recent research reports. Citigroup increased their price objective on Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Barclays lifted their price objective on Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Morgan Stanley cut their target price on shares of 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. Bank of America upgraded shares of Altria Group from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $55.00 to $65.00 in a research report on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $53.29.

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.