Delta Investment Management LLC Has $383,000 Stock Holdings in Altria Group, Inc. $MO

Delta Investment Management LLC decreased its position in shares of Altria Group, Inc. (NYSE:MO) by 10.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,373 shares of the company’s stock after selling 721 shares during the period. Delta Investment Management LLC’s holdings in Altria Group were worth $383,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in MO. Brighton Jones LLC boosted its position in shares of Altria Group by 64.7% during the 4th quarter. Brighton Jones LLC now owns 17,702 shares of the company’s stock worth $926,000 after acquiring an additional 6,954 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its position in shares of Altria Group by 28.5% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 27,280 shares of the company’s stock worth $1,426,000 after acquiring an additional 6,051 shares in the last quarter. Kapitalo Investimentos Ltda boosted its position in shares of Altria Group by 11.4% during the 4th quarter. Kapitalo Investimentos Ltda now owns 16,050 shares of the company’s stock worth $839,000 after acquiring an additional 1,638 shares in the last quarter. Bridgewealth Advisory Group LLC acquired a new stake in shares of Altria Group during the 4th quarter worth approximately $350,000. Finally, Comerica Bank boosted its position in shares of Altria Group by 5.8% during the 4th quarter. Comerica Bank now owns 559,925 shares of the company’s stock worth $29,279,000 after acquiring an additional 30,854 shares in the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on MO shares. Wall Street Zen lowered shares of Altria Group from a “buy” rating to a “hold” rating in a research report on Thursday, May 1st. UBS Group upgraded shares of Altria Group from a “sell” rating to a “neutral” rating and raised their target price for the company from $47.00 to $59.00 in a research report on Wednesday, July 2nd. Needham & Company LLC upgraded shares of Altria Group to a “hold” rating in a research report on Thursday, May 22nd. Barclays raised their target price on shares of Altria Group from $49.00 to $57.00 and gave the company an “underweight” rating in a research report on Wednesday, August 6th. Finally, Jefferies Financial Group initiated coverage on shares of Altria Group in a research report on Wednesday, July 9th. They issued an “underperform” rating and a $50.00 target price on the stock. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $60.88.

Altria Group Stock Performance

MO stock opened at $66.38 on Thursday. The company has a fifty day moving average price of $61.53 and a 200-day moving average price of $59.05. The company has a market capitalization of $111.51 billion, a P/E ratio of 12.84, a PEG ratio of 3.57 and a beta of 0.59. Altria Group, Inc. has a 52-week low of $48.86 and a 52-week high of $68.60.

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

Altria Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Monday, September 15th will be paid a dividend of $1.06 per share. The ex-dividend date of this dividend is Monday, September 15th. 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%. Altria Group’s payout ratio is 78.92%.

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.