Altria Group, Inc. $MO Shares Sold by Uhlmann Price Securities LLC

Uhlmann Price Securities LLC cut its position in Altria Group, Inc. (NYSE:MO) by 11.4% in the second quarter, HoldingsChannel reports. The institutional investor owned 3,731 shares of the company’s stock after selling 481 shares during the period. Uhlmann Price Securities LLC’s holdings in Altria Group were worth $219,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of MO. Brighton Jones LLC grew its stake in shares of Altria Group by 64.7% in the fourth quarter. Brighton Jones LLC now owns 17,702 shares of the company’s stock valued at $926,000 after buying an additional 6,954 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Altria Group by 17.8% in the first quarter. GAMMA Investing LLC now owns 36,028 shares of the company’s stock valued at $2,162,000 after buying an additional 5,440 shares in the last quarter. Crews Bank & Trust grew its stake in shares of Altria Group by 16.9% in the first quarter. Crews Bank & Trust now owns 2,835 shares of the company’s stock valued at $170,000 after buying an additional 410 shares in the last quarter. Ridgecrest Wealth Partners LLC grew its stake in shares of Altria Group by 7.5% in the first quarter. Ridgecrest Wealth Partners LLC now owns 5,751 shares of the company’s stock valued at $345,000 after buying an additional 400 shares in the last quarter. Finally, Spinnaker Investment Group LLC acquired a new stake in shares of Altria Group in the first quarter valued at $264,000. 57.41% of the stock is owned by institutional investors and hedge funds.

Altria Group Price Performance

Shares of NYSE MO opened at $64.40 on Tuesday. The company has a market capitalization of $108.18 billion, a price-to-earnings ratio of 12.46, a price-to-earnings-growth ratio of 3.62 and a beta of 0.55. The business has a 50-day moving average of $65.87 and a two-hundred day moving average of $61.52. Altria Group, Inc. has a 1 year low of $48.98 and a 1 year high of $68.60.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.07. The company had revenue of $5.29 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the business earned $1.31 EPS. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. As a group, equities research analysts expect that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Monday, September 15th were given a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a dividend yield of 6.6%. This is an increase from Altria Group’s previous quarterly dividend of $1.02. The ex-dividend date was Monday, September 15th. Altria Group’s payout ratio is presently 82.01%.

Analysts Set New Price Targets

MO has been the subject of a number of research reports. UBS Group raised Altria Group from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $47.00 to $59.00 in a research note on Wednesday, July 2nd. Stifel Nicolaus set a $72.00 target price on Altria Group in a report on Thursday, August 21st. Morgan Stanley lifted their target price on Altria Group from $57.00 to $62.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. The Goldman Sachs Group lifted their target price on Altria Group from $65.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. Finally, Bank of America lifted their target price on Altria Group from $64.00 to $72.00 and gave the company a “buy” rating in a report on Friday, August 22nd. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Altria Group presently has an average rating of “Hold” and an average 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.