Altria Group, Inc. $MO Shares Sold by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. trimmed its holdings in shares of Altria Group, Inc. (NYSE:MOFree Report) by 0.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 79,275 shares of the company’s stock after selling 247 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Altria Group were worth $4,648,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in MO. Vanguard Group Inc. raised its stake in Altria Group by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 158,117,225 shares of the company’s stock valued at $9,490,196,000 after purchasing an additional 1,300,787 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Altria Group by 5.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 63,288,773 shares of the company’s stock valued at $3,798,592,000 after purchasing an additional 3,483,487 shares during the last quarter. GQG Partners LLC raised its stake in Altria Group by 8,146.4% in the 1st quarter. GQG Partners LLC now owns 18,698,594 shares of the company’s stock valued at $1,122,290,000 after purchasing an additional 18,471,846 shares during the last quarter. Invesco Ltd. raised its stake in Altria Group by 3.7% in the 1st quarter. Invesco Ltd. now owns 12,243,041 shares of the company’s stock valued at $734,827,000 after purchasing an additional 441,083 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Altria Group by 40.0% in the 1st quarter. JPMorgan Chase & Co. now owns 11,961,220 shares of the company’s stock valued at $717,913,000 after purchasing an additional 3,415,237 shares during the last quarter. 57.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on MO. Weiss Ratings reissued a “buy (b)” rating on shares of Altria Group in a research note on Wednesday, October 8th. Jefferies Financial Group began coverage on Altria Group in a research note on Wednesday, July 9th. They issued an “underperform” rating and a $50.00 price objective for the company. Morgan Stanley increased their price objective on 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 Altria Group from a “sell” rating to a “neutral” rating and increased their price objective for the company from $47.00 to $59.00 in a research note on Wednesday, July 2nd. Finally, Stifel Nicolaus set a $72.00 price objective on Altria Group in a research note on Thursday, August 21st. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $62.11.

Check Out Our Latest Stock Analysis on MO

Altria Group Trading Down 1.0%

NYSE MO opened at $63.77 on Wednesday. The stock has a market cap of $107.13 billion, a PE ratio of 12.34, a P/E/G ratio of 3.58 and a beta of 0.55. Altria Group, Inc. has a twelve month low of $49.16 and a twelve month high of $68.60. The stock has a fifty day simple moving average of $65.83 and a 200-day simple moving average of $61.54.

Altria Group (NYSE:MOGet Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.07. The business 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%.The company’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.31 EPS. 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 EPS for the current year.

Altria Group Increases Dividend

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

Altria Group Profile

(Free Report)

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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Institutional Ownership by Quarter for Altria Group (NYSE:MO)

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