DoubleLine ETF Adviser LP Has $3.81 Million Stock Position in Altria Group, Inc. $MO

Key Points

• DoubleLine ETF Adviser LP reduced its holdings in Altria Group, Inc. by 25.5%, now holding 63,390 shares valued at approximately $3,805,000.
• Altria Group has announced a quarterly dividend of $1.06 per share, up from the previous $1.02, resulting in an annualized yield of 6.4%.
• Most analysts currently hold a consensus rating of "Hold" on Altria Group, with a projected average price target of $60.88.

DoubleLine ETF Adviser LP decreased its stake in Altria Group, Inc. (NYSE:MO - Free Report) by 25.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 63,390 shares of the company's stock after selling 21,715 shares during the quarter. Altria Group accounts for about 1.3% of DoubleLine ETF Adviser LP's investment portfolio, making the stock its 21st largest holding. DoubleLine ETF Adviser LP's holdings in Altria Group were worth $3,805,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC boosted its stake in Altria Group by 64.7% in the fourth quarter. Brighton Jones LLC now owns 17,702 shares of the company's stock worth $926,000 after purchasing an additional 6,954 shares in the last quarter. Schonfeld Strategic Advisors LLC increased its stake in shares of Altria Group by 28.5% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 27,280 shares of the company's stock worth $1,426,000 after purchasing an additional 6,051 shares during the period. Baird Financial Group Inc. increased its stake in shares of Altria Group by 16.3% during the fourth quarter. Baird Financial Group Inc. now owns 433,519 shares of the company's stock worth $22,669,000 after purchasing an additional 60,898 shares during the period. Brown Advisory Inc. increased its stake in Altria Group by 0.6% during the 4th quarter. Brown Advisory Inc. now owns 241,228 shares of the company's stock worth $12,614,000 after acquiring an additional 1,432 shares during the period. Finally, Cary Street Partners Financial LLC acquired a new stake in shares of Altria Group during the 4th quarter valued at $2,133,000. 57.41% of the stock is owned by institutional investors.

Altria Group Stock Up 0.5%

NYSE:MO traded up $0.31 during trading hours on Tuesday, reaching $66.08. 3,791,395 shares of the company's stock were exchanged, compared to its average volume of 8,969,715. The firm has a market capitalization of $111.01 billion, a price-to-earnings ratio of 12.78, a P/E/G ratio of 3.58 and a beta of 0.59. 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 $62.70 and a 200 day moving average of $59.85.

Altria Group (NYSE:MO - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.44 EPS for the quarter, beating analysts' consensus estimates of $1.37 by $0.07. The firm had revenue of $5.29 billion for the quarter, compared to analysts' expectations of $5.21 billion. Altria Group had a net margin of 37.24% and a negative return on equity of 295.26%. The firm's revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company earned $1.31 EPS. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. Research analysts forecast 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 will be paid on Friday, October 10th. Investors of record on Monday, September 15th will be given a $1.06 dividend. The ex-dividend date is Monday, September 15th. This represents a $4.24 dividend on an annualized basis and a yield of 6.4%. This is a boost from Altria Group's previous quarterly dividend of $1.02. Altria Group's payout ratio is currently 78.92%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Stifel Nicolaus set a $72.00 target price on Altria Group in a research note on Thursday, August 21st. Jefferies Financial Group assumed coverage on shares of Altria Group in a research report on Wednesday, July 9th. They set an "underperform" rating and a $50.00 target price on the stock. Barclays upped their target price on shares of Altria Group from $49.00 to $57.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 6th. Morgan Stanley raised their price target 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. Finally, UBS Group raised shares of Altria Group from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $47.00 to $59.00 in a report on Wednesday, July 2nd. Two 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.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $60.88.

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.