Avidian Wealth Enterprises LLC lowered its stake in Altria Group, Inc. (NYSE:MO - Free Report) by 24.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,792 shares of the company's stock after selling 4,372 shares during the quarter. Avidian Wealth Enterprises LLC's holdings in Altria Group were worth $828,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. Redwood Park Advisors LLC bought a new stake in shares of Altria Group during the 4th quarter valued at about $26,000. VSM Wealth Advisory LLC bought a new stake in shares of Altria Group during the 4th quarter valued at about $29,000. Inlight Wealth Management LLC bought a new stake in shares of Altria Group during the 1st quarter valued at about $31,000. Promus Capital LLC bought a new stake in shares of Altria Group during the 4th quarter valued at about $33,000. Finally, Pinney & Scofield Inc. bought a new stake in shares of Altria Group during the 4th quarter valued at about $33,000. Institutional investors own 57.41% of the company's stock.
Altria Group Price Performance
Shares of Altria Group stock opened at $58.81 on Monday. The business's 50 day simple moving average is $59.22 and its two-hundred day simple moving average is $56.30. The stock has a market capitalization of $99.07 billion, a P/E ratio of 9.85, a price-to-earnings-growth ratio of 3.44 and a beta of 0.61. Altria Group, Inc. has a one year low of $45.73 and a one year high of $61.26.
Altria Group (NYSE:MO - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $1.23 EPS for the quarter, topping analysts' consensus estimates of $1.19 by $0.04. The business had revenue of $4.52 billion for the quarter, compared to analysts' expectations of $4.64 billion. Altria Group had a negative return on equity of 295.44% and a net margin of 43.09%. The business's quarterly revenue was down 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.15 EPS. Sell-side analysts expect that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.
Altria Group Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Monday, June 16th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $4.08 annualized dividend and a dividend yield of 6.94%. Altria Group's dividend payout ratio (DPR) is presently 68.34%.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the company. Wall Street Zen downgraded Altria Group from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. Barclays lifted their price target on Altria Group from $46.00 to $49.00 and gave the company an "underweight" rating in a research report on Friday, May 2nd. Citigroup lifted their price target on Altria Group from $52.00 to $55.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. Needham & Company LLC upgraded Altria Group to a "hold" rating in a research report on Thursday, May 22nd. Finally, UBS Group boosted their target price on Altria Group from $46.00 to $47.00 and gave the stock a "sell" rating in a research report on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $56.00.
Check Out Our Latest Analysis on Altria Group
About Altria Group
(
Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Altria Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Altria Group wasn't on the list.
While Altria Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
