Pure Financial Advisors LLC Sells 1,229 Shares of Altria Group, Inc. $MO

Pure Financial Advisors LLC lessened its stake in Altria Group, Inc. (NYSE:MO) by 3.7% during the second quarter, Holdings Channel reports. The firm owned 31,853 shares of the company’s stock after selling 1,229 shares during the period. Pure Financial Advisors LLC’s holdings in Altria Group were worth $1,868,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MO. Mattson Financial Services LLC bought a new position in shares of Altria Group in the first quarter valued at approximately $25,000. Global X Japan Co. Ltd. bought a new position in shares of Altria Group in the second quarter valued at approximately $25,000. Carderock Capital Management Inc. bought a new position in shares of Altria Group in the second quarter valued at approximately $26,000. Inlight Wealth Management LLC bought a new position in shares of Altria Group in the first quarter valued at approximately $31,000. Finally, Sierra Ocean LLC increased its position in shares of Altria Group by 226.3% during the first quarter. Sierra Ocean LLC now owns 509 shares of the company’s stock valued at $31,000 after acquiring an additional 353 shares during the last quarter. Institutional investors own 57.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Morgan Stanley increased their price target on Altria Group from $57.00 to $62.00 and gave the company an “equal weight” rating in a research report on Thursday, July 31st. Barclays increased their price target on Altria Group from $49.00 to $57.00 and gave the company an “underweight” rating in a research report on Wednesday, August 6th. Bank of America increased their price target on Altria Group from $64.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, August 22nd. Stifel Nicolaus set a $72.00 price target on Altria Group in a research report on Thursday, August 21st. Finally, Jefferies Financial Group assumed coverage on Altria Group in a research report on Wednesday, July 9th. They set an “underperform” rating and a $50.00 price target for the company. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $60.88.

Altria Group Stock Performance

Shares of NYSE MO opened at $65.74 on Friday. The stock has a market cap of $110.44 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 3.56 and a beta of 0.55. Altria Group, Inc. has a fifty-two week low of $48.86 and a fifty-two week high of $68.60. The stock has a fifty day moving average of $65.07 and a 200-day moving average of $60.86.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.07. The company had revenue of $5.29 billion during the quarter, compared to analysts’ expectations of $5.21 billion. Altria Group had a negative return on equity of 295.26% and a net margin of 37.24%.The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.31 earnings per share. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. On average, sell-side analysts predict that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Monday, September 15th will be issued a $1.06 dividend. This is an increase from Altria Group’s previous quarterly dividend of $1.02. This represents a $4.24 annualized dividend and a dividend yield of 6.4%. The ex-dividend date is Monday, September 15th. Altria Group’s dividend payout ratio (DPR) is presently 82.01%.

About Altria Group

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.