Altria Group, Inc. $MO Shares Sold by Atria Wealth Solutions Inc.

Key Points

• Atria Wealth Solutions Inc. reduced its stake in Altria Group by 45.7%, owning 87,758 shares worth $5,213,000 after selling 73,979 shares in the second quarter.
• Multiple analysts have issued positive ratings on Altria Group, with target prices rising from $49.00 to $72.00, indicating potential growth opportunities in the stock.
• Altria Group recently declared a quarterly dividend of $1.06, boosting its annualized yield to 6.5%, which reflects a solid commitment to returning value to shareholders.

Atria Wealth Solutions Inc. lowered its stake in shares of Altria Group, Inc. (NYSE:MO - Free Report) by 45.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 87,758 shares of the company's stock after selling 73,979 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Altria Group were worth $5,213,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Jacobi Capital Management LLC increased its stake in shares of Altria Group by 0.6% during the 1st quarter. Jacobi Capital Management LLC now owns 26,335 shares of the company's stock valued at $1,581,000 after acquiring an additional 168 shares during the last quarter. Bar Harbor Wealth Management increased its stake in shares of Altria Group by 3.1% during the 2nd quarter. Bar Harbor Wealth Management now owns 5,656 shares of the company's stock valued at $332,000 after acquiring an additional 169 shares during the last quarter. Vista Investment Partners II LLC increased its stake in shares of Altria Group by 4.2% during the 1st quarter. Vista Investment Partners II LLC now owns 4,302 shares of the company's stock valued at $258,000 after acquiring an additional 174 shares during the last quarter. Wealth Alliance LLC increased its stake in shares of Altria Group by 1.9% during the 1st quarter. Wealth Alliance LLC now owns 9,452 shares of the company's stock valued at $567,000 after acquiring an additional 174 shares during the last quarter. Finally, Patten & Patten Inc. TN increased its stake in shares of Altria Group by 1.5% during the 1st quarter. Patten & Patten Inc. TN now owns 12,049 shares of the company's stock valued at $723,000 after acquiring an additional 174 shares during the last quarter. Institutional investors and hedge funds own 57.41% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on MO shares. Weiss Ratings reissued a "buy (b)" rating on shares of Altria Group in a research report on Wednesday, October 8th. Stifel Nicolaus set a $72.00 target price on shares of Altria Group in a research report on Thursday, August 21st. Bank of America increased their target price on shares of Altria Group from $64.00 to $72.00 and gave the stock a "buy" rating in a research report on Friday, August 22nd. UBS Group raised shares of Altria Group from a "sell" rating to a "neutral" rating and increased their target price for the stock from $47.00 to $59.00 in a research report on Wednesday, July 2nd. Finally, Barclays increased their target price on shares of Altria Group from $49.00 to $57.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 6th. Four equities research 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 data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $62.11.

Altria Group Stock Down 2.4%

NYSE MO opened at $64.92 on Tuesday. The stock has a market cap of $109.07 billion, a PE ratio of 12.56, a P/E/G ratio of 3.70 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 business has a 50 day moving average price of $65.78 and a two-hundred day moving average price of $61.29.

Altria Group (NYSE:MO - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $1.44 earnings per share for the quarter, topping analysts' consensus estimates of $1.37 by $0.07. The firm 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%.Altria Group's quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.31 EPS. 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 declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Monday, September 15th were issued a $1.06 dividend. The ex-dividend date was Monday, September 15th. This represents a $4.24 dividend on an annualized basis and a yield of 6.5%. This is a boost from Altria Group's previous quarterly dividend of $1.02. Altria Group's dividend payout ratio (DPR) is currently 82.01%.

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.

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