Mid American Wealth Advisory Group Inc. Has $1.74 Million Holdings in Altria Group, Inc. $MO

Mid American Wealth Advisory Group Inc. trimmed its position in shares of Altria Group, Inc. (NYSE:MO) by 15.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,585 shares of the company’s stock after selling 5,325 shares during the quarter. Altria Group makes up about 0.8% of Mid American Wealth Advisory Group Inc.’s investment portfolio, making the stock its 25th biggest position. Mid American Wealth Advisory Group Inc.’s holdings in Altria Group were worth $1,735,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC increased its holdings in Altria Group by 64.7% during the 4th quarter. Brighton Jones LLC now owns 17,702 shares of the company’s stock valued at $926,000 after purchasing an additional 6,954 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Altria Group by 17.8% during the first quarter. GAMMA Investing LLC now owns 36,028 shares of the company’s stock worth $2,162,000 after purchasing an additional 5,440 shares during the last quarter. Crews Bank & Trust increased its stake in shares of Altria Group by 16.9% in the first quarter. Crews Bank & Trust now owns 2,835 shares of the company’s stock valued at $170,000 after buying an additional 410 shares in the last quarter. Ridgecrest Wealth Partners LLC increased its stake in shares of Altria Group by 7.5% in the first quarter. Ridgecrest Wealth Partners LLC now owns 5,751 shares of the company’s stock valued at $345,000 after buying an additional 400 shares in the last quarter. Finally, Spinnaker Investment Group LLC bought a new position in shares of Altria Group in the first quarter valued at about $264,000. Institutional investors own 57.41% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Morgan Stanley increased their price objective on shares of Altria Group from $57.00 to $62.00 and gave the stock an “equal weight” rating in a report on Thursday, July 31st. The Goldman Sachs Group increased their price target on shares of Altria Group from $65.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. Weiss Ratings restated a “buy (b)” rating on shares of Altria Group in a research report on Wednesday, October 8th. Jefferies Financial Group began coverage on Altria Group in a research report on Wednesday, July 9th. They issued an “underperform” rating and a $50.00 price objective on the stock. Finally, Stifel Nicolaus set a $72.00 target price on Altria Group in a research report on Thursday, August 21st. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $62.11.

Altria Group Trading Down 1.0%

NYSE MO opened at $64.40 on Tuesday. Altria Group, Inc. has a 12 month low of $48.98 and a 12 month high of $68.60. The stock has a 50-day simple moving average of $65.87 and a 200 day simple moving average of $61.52. The company has a market capitalization of $108.18 billion, a PE ratio of 12.46, a P/E/G ratio of 3.62 and a beta of 0.55.

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

Altria Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Monday, September 15th were issued a $1.06 dividend. This is a positive change from Altria Group’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend was Monday, September 15th. This represents a $4.24 annualized dividend and a dividend yield of 6.6%. Altria Group’s dividend payout ratio (DPR) is presently 82.01%.

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.