Simplicity Wealth LLC Has $2.32 Million Stake in Altria Group, Inc. $MO

Key Points

• Simplicity Wealth LLC reduced its stake in Altria Group by 32.1%, now holding 39,541 shares valued at approximately $2.32 million.
• Altria Group experienced a quarterly earnings increase with an EPS of $1.44, exceeding expectations, and revenue of $5.29 billion, a 0.2% increase year-over-year.
• The company announced a quarterly dividend of $1.06, up from $1.02, reflecting a 6.5% yield and an 82.01% dividend payout ratio.

Simplicity Wealth LLC cut its position in Altria Group, Inc. (NYSE:MO - Free Report) by 32.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,541 shares of the company's stock after selling 18,727 shares during the quarter. Simplicity Wealth LLC's holdings in Altria Group were worth $2,318,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Mattson Financial Services LLC bought a new position in shares of Altria Group in the 1st quarter valued at $25,000. Global X Japan Co. Ltd. bought a new stake in shares of Altria Group during the 2nd quarter worth $25,000. Carderock Capital Management Inc. acquired a new stake in Altria Group in the second quarter valued at about $26,000. Inlight Wealth Management LLC bought a new position in Altria Group in the first quarter valued at about $31,000. Finally, Sierra Ocean LLC raised its stake in Altria Group by 226.3% during the first 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. Institutional investors and hedge funds own 57.41% of the company's stock.

Altria Group Stock Performance

Shares of NYSE MO opened at $65.70 on Monday. The firm has a 50 day moving average price of $65.19 and a two-hundred day moving average price of $60.95. The stock has a market cap of $110.38 billion, a P/E ratio of 12.71, a price-to-earnings-growth ratio of 3.53 and a beta of 0.55. Altria Group, Inc. has a 52-week low of $48.86 and a 52-week high of $68.60.

Altria Group (NYSE:MO - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $1.44 EPS for the quarter, topping analysts' consensus estimates 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%. Altria Group's revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.31 earnings per share. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. 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 announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 15th will be issued a $1.06 dividend. The ex-dividend date is Monday, September 15th. This is a boost 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 dividend payout ratio (DPR) is currently 82.01%.

Analyst Ratings Changes

MO has been the topic of a number of research analyst reports. Barclays raised 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. Morgan Stanley increased their price objective on shares of Altria Group from $57.00 to $62.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. UBS Group raised shares of Altria Group from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $47.00 to $59.00 in a research note on Wednesday, July 2nd. Jefferies Financial Group began coverage on shares of Altria Group in a report on Wednesday, July 9th. They set an "underperform" rating and a $50.00 price target for the company. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Altria Group in a research note on Saturday, September 27th. Four equities 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 MarketBeat, Altria Group presently has an average rating of "Hold" and a consensus price target of $62.11.

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.

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