International Assets Investment Management LLC Has $4.49 Million Holdings in Altria Group, Inc. $MO

Key Points

• International Assets Investment Management LLC reduced its stake in Altria Group, decreasing its holdings by 26.7% to $4.49 million, according to a recent SEC filing.
• Altria Group declared a quarterly dividend of $1.06 per share, increasing from the previous dividend of $1.02, reflecting a robust annualized yield of 6.5%.
• Research analysts have mixed ratings on Altria's stock, with a consensus rating of "Hold" and a price target averaging $62.11, indicating cautious optimism among investors.

International Assets Investment Management LLC reduced its stake in shares of Altria Group, Inc. (NYSE:MO - Free Report) by 26.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,642 shares of the company's stock after selling 27,872 shares during the quarter. International Assets Investment Management LLC's holdings in Altria Group were worth $4,494,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Central Valley Advisors LLC acquired a new position in Altria Group during the 2nd quarter valued at $1,715,000. Invst LLC raised its stake in Altria Group by 252.0% during the 1st quarter. Invst LLC now owns 16,188 shares of the company's stock valued at $972,000 after purchasing an additional 11,589 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in Altria Group by 17.4% during the 2nd quarter. Exchange Traded Concepts LLC now owns 1,086,060 shares of the company's stock valued at $63,676,000 after purchasing an additional 161,356 shares during the last quarter. Carr Financial Group Corp acquired a new position in Altria Group during the 2nd quarter valued at $241,000. Finally, FCG Investment Co acquired a new position in Altria Group during the 2nd quarter valued at $1,237,000. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Weiss Ratings reissued a "buy (b)" rating on shares of Altria Group in a report on Wednesday, October 8th. Barclays boosted their price target on shares of Altria Group from $49.00 to $57.00 and gave the company an "underweight" rating in a report on Wednesday, August 6th. The Goldman Sachs Group boosted their price target on shares of Altria Group from $65.00 to $72.00 and gave the company a "buy" rating in a report on Wednesday, October 1st. Stifel Nicolaus set a $72.00 price target on shares of Altria Group in a report on Thursday, August 21st. Finally, Bank of America boosted their price target on shares of Altria Group from $64.00 to $72.00 and gave the company a "buy" rating in a report on Friday, August 22nd. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $62.11.

Altria Group Stock Performance

MO opened at $65.00 on Friday. The firm's 50-day simple moving average is $65.90 and its 200-day simple moving average is $61.44. Altria Group, Inc. has a twelve month low of $48.86 and a twelve month high of $68.60. The firm has a market cap of $109.19 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 3.62 and a beta of 0.55.

Altria Group (NYSE:MO - Get Free Report) last posted its 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 business had revenue of $5.29 billion for the quarter, compared to analyst estimates of $5.21 billion. During the same quarter in the prior year, the firm earned $1.31 EPS. The firm's quarterly 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. As a group, 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. Investors of record on Monday, September 15th were given a dividend of $1.06 per share. This is a positive change from Altria Group's previous quarterly dividend of $1.02. The ex-dividend date was Monday, September 15th. This represents a $4.24 annualized dividend and a yield of 6.5%. Altria Group's dividend payout ratio 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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