Drucker Wealth 3.0 LLC Reduces Stake in Altria Group, Inc. $MO

Drucker Wealth 3.0 LLC lowered its stake in Altria Group, Inc. (NYSE:MO) by 12.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 14,610 shares of the company’s stock after selling 2,018 shares during the period. Drucker Wealth 3.0 LLC’s holdings in Altria Group were worth $844,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Mattson Financial Services LLC purchased a new position in Altria Group during the first quarter worth $25,000. Global X Japan Co. Ltd. purchased a new position in Altria Group during the second quarter worth $25,000. Carderock Capital Management Inc. purchased a new position in Altria Group during the second quarter worth $26,000. Inlight Wealth Management LLC purchased a new position in shares of Altria Group during the 1st quarter worth about $31,000. Finally, Sierra Ocean LLC boosted its stake in shares of Altria Group by 226.3% during the 1st quarter. Sierra Ocean LLC now owns 509 shares of the company’s stock worth $31,000 after purchasing an additional 353 shares during the period. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Altria Group Price Performance

NYSE:MO opened at $66.54 on Friday. Altria Group, Inc. has a 1-year low of $48.86 and a 1-year high of $68.60. The company has a 50-day moving average of $65.72 and a 200 day moving average of $61.20. The firm has a market cap of $111.78 billion, a PE ratio of 12.87, a price-to-earnings-growth ratio of 3.66 and a beta of 0.55.

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, topping the consensus estimate of $1.37 by $0.07. Altria Group had a net margin of 37.24% and a negative return on equity of 295.26%. The firm had revenue of $5.29 billion during the quarter, compared to analysts’ expectations of $5.21 billion. During the same quarter in the prior year, the company earned $1.31 EPS. The company’s revenue was up .2% compared to the same quarter last year. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. Sell-side analysts anticipate that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.

Altria Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Monday, September 15th were issued a dividend of $1.06 per share. This is an increase from Altria Group’s previous quarterly dividend of $1.02. This represents a $4.24 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date was Monday, September 15th. Altria Group’s dividend payout ratio (DPR) is currently 82.01%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Bank of America boosted their target price 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 objective on Altria Group in a report on Thursday, August 21st. Jefferies Financial Group initiated coverage on Altria Group in a report on Wednesday, July 9th. They set an “underperform” rating and a $50.00 price objective for the company. Barclays boosted their target price on shares of Altria Group from $49.00 to $57.00 and gave the company an “underweight” rating in a research note on Wednesday, August 6th. Finally, The Goldman Sachs Group boosted their target price 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. Four equities 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 company. According to MarketBeat, Altria Group presently has an average rating of “Hold” and an average target price of $62.11.

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.