Altria Group, Inc. $MO Shares Sold by Measured Risk Portfolios Inc.

Key Points

• Measured Risk Portfolios Inc. reduced its holdings in Altria Group, Inc. by 10.5% during the 1st quarter, now owning 36,767 shares valued at approximately $2.2 million.
• Altria Group's stock is seeing mixed analyst ratings, with a consensus target price of $59.13 and multiple firms such as Stifel Nicolaus raising their price objectives.
• The company reported earnings of $1.44 per share for the last quarter, surpassing estimates, with revenue reaching $5.29 billion.

Measured Risk Portfolios Inc. lessened its holdings in Altria Group, Inc. (NYSE:MO - Free Report) by 10.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 36,767 shares of the company's stock after selling 4,318 shares during the quarter. Altria Group accounts for approximately 2.4% of Measured Risk Portfolios Inc.'s holdings, making the stock its 17th largest holding. Measured Risk Portfolios Inc.'s holdings in Altria Group were worth $2,207,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. NorthCrest Asset Manangement LLC boosted its holdings in Altria Group by 88.5% in the first quarter. NorthCrest Asset Manangement LLC now owns 8,536 shares of the company's stock worth $512,000 after acquiring an additional 4,007 shares in the last quarter. Brighton Jones LLC boosted its holdings 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 acquiring an additional 6,954 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Altria Group by 17.8% in the first quarter. GAMMA Investing LLC now owns 36,028 shares of the company's stock worth $2,162,000 after acquiring an additional 5,440 shares in the last quarter. Patron Partners LLC boosted its holdings in Altria Group by 12.2% in the first quarter. Patron Partners LLC now owns 12,217 shares of the company's stock worth $733,000 after acquiring an additional 1,325 shares in the last quarter. Finally, Simplicity Wealth LLC boosted its holdings in Altria Group by 152.2% in the first quarter. Simplicity Wealth LLC now owns 58,268 shares of the company's stock worth $3,497,000 after acquiring an additional 35,168 shares in the last quarter. Institutional investors and hedge funds own 57.41% of the company's stock.

Altria Group Price Performance

MO stock traded up $0.8840 during trading on Wednesday, hitting $67.4440. 3,112,014 shares of the company traded hands, compared to its average volume of 9,120,370. The stock's 50-day simple moving average is $60.61 and its 200 day simple moving average is $58.50. The company has a market cap of $113.30 billion, a PE ratio of 13.06, a P/E/G ratio of 3.55 and a beta of 0.59. Altria Group, Inc. has a 1 year low of $48.86 and a 1 year high of $67.87.

Altria Group (NYSE:MO - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.07. The company 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% on a year-over-year basis. During the same period last year, the business earned $1.31 earnings per share. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. Research analysts expect that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Jefferies Financial Group started coverage on Altria Group in a report on Wednesday, July 9th. They issued an "underperform" rating and a $50.00 price target for the company. Stifel Nicolaus raised their price objective on Altria Group from $63.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Morgan Stanley raised their price objective on Altria Group from $57.00 to $62.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Barclays raised their price objective on Altria Group from $49.00 to $57.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 6th. Finally, Needham & Company LLC upgraded Altria Group to a "hold" rating in a research note on Thursday, May 22nd. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $59.13.

Altria Group Company 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.