Curi RMB Capital LLC Has $5.02 Million Holdings in Altria Group, Inc. (NYSE:MO)

Curi RMB Capital LLC decreased its position in shares of Altria Group, Inc. (NYSE:MO) by 4.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 98,357 shares of the company’s stock after selling 4,162 shares during the period. Curi RMB Capital LLC’s holdings in Altria Group were worth $5,020,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. KBC Group NV grew its position in Altria Group by 6.9% during the 3rd quarter. KBC Group NV now owns 136,380 shares of the company’s stock worth $6,961,000 after acquiring an additional 8,823 shares during the last quarter. Axim Planning & Wealth acquired a new position in Altria Group in the third quarter worth $214,000. D Orazio & Associates Inc. grew its holdings in shares of Altria Group by 8.3% during the third quarter. D Orazio & Associates Inc. now owns 14,404 shares of the company’s stock worth $735,000 after purchasing an additional 1,105 shares during the last quarter. Schrum Private Wealth Management LLC increased its stake in shares of Altria Group by 95.8% in the third quarter. Schrum Private Wealth Management LLC now owns 11,544 shares of the company’s stock valued at $589,000 after buying an additional 5,649 shares in the last quarter. Finally, ICICI Prudential Asset Management Co Ltd raised its holdings in shares of Altria Group by 2.1% in the third quarter. ICICI Prudential Asset Management Co Ltd now owns 193,878 shares of the company’s stock valued at $9,896,000 after buying an additional 3,945 shares during the last quarter. Institutional investors own 57.41% of the company’s stock.

Altria Group Trading Up 0.3 %

NYSE:MO opened at $55.40 on Friday. Altria Group, Inc. has a 1 year low of $39.25 and a 1 year high of $55.62. The stock has a 50-day moving average price of $51.52 and a two-hundred day moving average price of $49.09. The stock has a market cap of $93.89 billion, a price-to-earnings ratio of 9.36, a PEG ratio of 3.14 and a beta of 0.64.

Altria Group (NYSE:MO) last posted its earnings results on Thursday, October 31st. The company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.03. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. The business had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $5.33 billion. During the same period in the prior year, the business earned $1.28 EPS. Altria Group’s revenue for the quarter was up 18.6% compared to the same quarter last year. Sell-side analysts forecast that Altria Group, Inc. will post 5.11 earnings per share for the current year.

Altria Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Monday, September 16th were given a $1.02 dividend. This is a boost from Altria Group’s previous quarterly dividend of $0.98. This represents a $4.08 annualized dividend and a yield of 7.36%. The ex-dividend date of this dividend was Monday, September 16th. Altria Group’s payout ratio is currently 68.92%.

Analyst Upgrades and Downgrades

MO has been the topic of a number of research analyst reports. UBS Group increased their price objective on shares of Altria Group from $39.00 to $41.00 and gave the stock a “sell” rating in a report on Monday, September 9th. Citigroup raised their price target on shares of Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft upped their price objective on Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Bank of America lowered their target price on Altria Group from $57.00 to $53.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. Finally, Stifel Nicolaus upped their price target on Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Altria Group presently has a consensus rating of “Hold” and an average price target of $51.33.

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.