Pinion Investment Advisors LLC Sells 19,239 Shares of Altria Group, Inc. $MO

Key Points

• Pinion Investment Advisors LLC reduced its stake in Altria Group, Inc. by 49.8% during the 2nd quarter, selling 19,239 shares and leaving them with 19,381 shares valued at $1,136,000.
• Altria Group reported a $1.44 EPS for its last quarter, exceeding estimates, and also announced an increased quarterly dividend of $1.06 per share.
• Analysts have mixed ratings for Altria Group, with targets ranging from $50.00 to $72.00, and an overall average target price of $62.11.

Pinion Investment Advisors LLC lowered its holdings in Altria Group, Inc. (NYSE:MO - Free Report) by 49.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,381 shares of the company's stock after selling 19,239 shares during the quarter. Pinion Investment Advisors LLC's holdings in Altria Group were worth $1,136,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Mattson Financial Services LLC bought a new position in shares of Altria Group during the 1st quarter worth approximately $25,000. Global X Japan Co. Ltd. bought a new position in shares of Altria Group during the 2nd quarter worth approximately $25,000. Carderock Capital Management Inc. bought a new position in shares of Altria Group during the 2nd quarter worth approximately $26,000. Sierra Ocean LLC raised its stake in shares of Altria Group by 226.3% during the 1st quarter. Sierra Ocean LLC now owns 509 shares of the company's stock worth $31,000 after acquiring an additional 353 shares in the last quarter. Finally, Inlight Wealth Management LLC bought a new position in shares of Altria Group during the 1st quarter worth approximately $31,000. Institutional investors own 57.41% of the company's stock.

Altria Group Stock Performance

MO stock opened at $65.72 on Friday. The firm has a market cap of $110.40 billion, a PE ratio of 12.71, a P/E/G ratio of 3.52 and a beta of 0.55. The firm's fifty day moving average is $65.62 and its 200 day moving average is $61.13. Altria Group, Inc. has a one year low of $48.86 and a one year high of $68.60.

Altria Group (NYSE:MO - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.37 by $0.07. The company had revenue of $5.29 billion for the quarter, compared to analyst estimates 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 quarter 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 predict that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 15th will be issued a dividend of $1.06 per share. The ex-dividend date of this dividend is Monday, September 15th. This is a positive change from Altria Group's previous quarterly dividend of $1.02. This represents a $4.24 annualized dividend and a yield of 6.5%. Altria Group's payout ratio is 82.01%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Bank of America upped their price target on shares of Altria Group from $64.00 to $72.00 and gave the company a "buy" rating in a research note on Friday, August 22nd. Jefferies Financial Group assumed coverage on shares of Altria Group in a research note on Wednesday, July 9th. They set an "underperform" rating and a $50.00 price target on the stock. Barclays upped their price target on shares of Altria Group from $49.00 to $57.00 and gave the company an "underweight" rating in a research note on Wednesday, August 6th. Weiss Ratings restated a "buy (b)" rating on shares of Altria Group in a research note on Wednesday. Finally, Stifel Nicolaus set a $72.00 price target on shares of Altria Group in a research note on Thursday, August 21st. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Altria Group presently has an average rating of "Hold" and an average target price of $62.11.

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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