Altria Group, Inc. $MO Shares Sold by AlTi Global Inc.

AlTi Global Inc. trimmed its holdings in shares of Altria Group, Inc. (NYSE:MO) by 4.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 99,141 shares of the company’s stock after selling 4,724 shares during the period. AlTi Global Inc.’s holdings in Altria Group were worth $5,778,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MO. Mattson Financial Services LLC acquired a new position in shares of Altria Group during the first quarter valued at $25,000. Global X Japan Co. Ltd. acquired a new position in Altria Group during the second quarter worth about $25,000. Carderock Capital Management Inc. acquired a new position in Altria Group during the second quarter worth about $26,000. Sierra Ocean LLC grew its holdings in Altria Group by 226.3% during the first quarter. Sierra Ocean LLC now owns 509 shares of the company’s stock worth $31,000 after acquiring an additional 353 shares during the period. Finally, TruNorth Capital Management LLC grew its holdings in Altria Group by 51.8% during the first quarter. TruNorth Capital Management LLC now owns 636 shares of the company’s stock worth $38,000 after acquiring an additional 217 shares during the period. 57.41% of the stock is owned by institutional investors and hedge funds.

Altria Group Stock Up 0.3%

NYSE:MO opened at $64.62 on Friday. Altria Group, Inc. has a 1-year low of $49.58 and a 1-year high of $68.60. The firm has a market capitalization of $108.55 billion, a price-to-earnings ratio of 12.50, a price-to-earnings-growth ratio of 3.58 and a beta of 0.55. The stock has a fifty day simple moving average of $65.79 and a 200 day simple moving average of $61.62.

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

Altria Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Monday, September 15th were given a $1.06 dividend. This is a positive change from Altria Group’s previous quarterly dividend of $1.02. The ex-dividend date was Monday, September 15th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 6.6%. Altria Group’s dividend payout ratio is 82.01%.

Wall Street Analysts Forecast Growth

MO has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Altria Group in a report on Wednesday, October 8th. Barclays lifted their target price on Altria Group from $49.00 to $57.00 and gave the stock an “underweight” rating in a report on Wednesday, August 6th. UBS Group raised Altria Group from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $47.00 to $59.00 in a report on Wednesday, July 2nd. Morgan Stanley lifted their target price on Altria Group from $57.00 to $62.00 and gave the stock an “equal weight” rating in a report on Thursday, July 31st. Finally, Stifel Nicolaus set a $72.00 target price on Altria Group in a 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 issued a Sell rating to the stock. According to data from MarketBeat, Altria Group currently has a consensus rating of “Hold” and a consensus price target of $62.11.

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.