Railway Pension Investments Ltd Has $90.99 Million Holdings in Altria Group, Inc. $MO

Railway Pension Investments Ltd decreased its position in shares of Altria Group, Inc. (NYSE:MO - Free Report) by 2.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,264,600 shares of the company's stock after selling 27,800 shares during the quarter. Altria Group comprises approximately 1.1% of Railway Pension Investments Ltd's investment portfolio, making the stock its 28th largest position. Railway Pension Investments Ltd owned approximately 0.08% of Altria Group worth $90,988,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Comprehensive Financial Planning Inc. PA bought a new stake in Altria Group during the second quarter valued at $26,000. Darwin Wealth Management LLC bought a new position in shares of Altria Group in the 2nd quarter worth about $27,000. Navalign LLC acquired a new position in shares of Altria Group in the 4th quarter valued at about $28,000. Hughes Financial Services LLC lifted its stake in shares of Altria Group by 62.9% in the 4th quarter. Hughes Financial Services LLC now owns 510 shares of the company's stock valued at $29,000 after purchasing an additional 197 shares during the period. Finally, Miller Capital Partners Inc. bought a new stake in shares of Altria Group during the 4th quarter valued at about $29,000. 57.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on MO shares. Barclays decreased their target price on Altria Group from $64.00 to $58.00 and set an "underweight" rating for the company in a research note on Tuesday, August 11th. Weiss Ratings restated a "buy (b)" rating on shares of Altria Group in a report on Tuesday, July 14th. Wall Street Zen lowered shares of Altria Group from a "buy" rating to a "hold" rating in a research note on Sunday, June 21st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Altria Group from $60.00 to $66.00 and gave the company a "hold" rating in a research report on Monday, May 4th. Finally, UBS Group raised their price target on shares of Altria Group from $76.00 to $79.00 and gave the stock a "buy" rating in a report on Tuesday, July 7th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Altria Group has a consensus rating of "Hold" and a consensus price target of $70.11.

Altria Group Stock Performance

Shares of Altria Group stock opened at $68.39 on Tuesday. Altria Group, Inc. has a 52 week low of $54.70 and a 52 week high of $77.06. The stock has a 50 day moving average price of $70.08 and a two-hundred day moving average price of $69.01. The stock has a market capitalization of $114.19 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 2.43 and a beta of 0.46.

Altria Group (NYSE:MO - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $1.48 earnings per share for the quarter, missing analysts' consensus estimates of $1.50 by ($0.02). Altria Group had a negative return on equity of 315.29% and a net margin of 33.99%.The firm had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.35 billion. During the same period in the previous year, the company earned $1.44 earnings per share. Altria Group's revenue for the quarter was up 1.2% compared to the same quarter last year. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. Research analysts forecast that Altria Group, Inc. will post 5.67 EPS for the current year.

Altria Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Tuesday, September 15th will be paid a $1.11 dividend. This represents a $4.44 annualized dividend and a dividend yield of 6.5%. This is a boost from Altria Group's previous quarterly dividend of $1.06. The ex-dividend date of this dividend is Tuesday, September 15th. Altria Group's dividend payout ratio (DPR) is currently 89.45%.

About Altria Group

Altria Group, Inc NYSE: MO is a U.S.-based consumer goods company whose principal business is the manufacture and sale of tobacco products. Headquartered in Richmond, Virginia, the company's operations are focused primarily on the U.S. market and include the production, marketing and distribution of cigarettes, smokeless tobacco and cigars. Its flagship cigarette franchise in the United States is sold through its operating subsidiaries and is among the most recognizable cigarette brands in the country.

Altria's principal operating businesses include Philip Morris USA (cigarettes), U.S.

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