Altria Group, Inc. $MO Position Cut by KPP Advisory Services LLC

KPP Advisory Services LLC lowered its holdings in shares of Altria Group, Inc. (NYSE:MO) by 1.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,365 shares of the company’s stock after selling 1,177 shares during the period. Altria Group makes up 0.9% of KPP Advisory Services LLC’s holdings, making the stock its 24th largest position. KPP Advisory Services LLC’s holdings in Altria Group were worth $3,656,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Jacobi Capital Management LLC grew its position in Altria Group by 0.6% in the 1st quarter. Jacobi Capital Management LLC now owns 26,335 shares of the company’s stock valued at $1,581,000 after buying an additional 168 shares in the last quarter. Vista Investment Partners II LLC lifted its stake in shares of Altria Group by 4.2% in the 1st quarter. Vista Investment Partners II LLC now owns 4,302 shares of the company’s stock worth $258,000 after acquiring an additional 174 shares during the period. Wealth Alliance LLC lifted its stake in shares of Altria Group by 1.9% in the 1st quarter. Wealth Alliance LLC now owns 9,452 shares of the company’s stock worth $567,000 after acquiring an additional 174 shares during the period. Patten & Patten Inc. TN boosted its holdings in shares of Altria Group by 1.5% in the first quarter. Patten & Patten Inc. TN now owns 12,049 shares of the company’s stock valued at $723,000 after acquiring an additional 174 shares in the last quarter. Finally, Baron Silver Stevens Financial Advisors LLC increased its stake in shares of Altria Group by 2.7% during the first quarter. Baron Silver Stevens Financial Advisors LLC now owns 6,762 shares of the company’s stock valued at $406,000 after acquiring an additional 175 shares during the period. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Trading Down 0.1%

MO stock opened at $65.70 on Monday. The firm has a market capitalization of $110.38 billion, a PE ratio of 12.71, a P/E/G ratio of 3.53 and a beta of 0.55. The firm has a 50-day moving average of $65.19 and a two-hundred day moving average of $60.95. Altria Group, Inc. has a one year low of $48.86 and a one year high of $68.60.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.07. Altria Group had a negative return on equity of 295.26% and a net margin of 37.24%.The firm had revenue of $5.29 billion during the quarter, compared to the consensus estimate of $5.21 billion. During the same period in the prior year, the business earned $1.31 EPS. The business’s revenue for the quarter was up .2% on a year-over-year basis. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. On average, equities research analysts anticipate that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Increases Dividend

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

Analyst Ratings Changes

MO has been the subject of a number of research analyst reports. Barclays upped their target price on Altria Group from $49.00 to $57.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 6th. Jefferies Financial Group began coverage on shares of Altria Group in a research report on Wednesday, July 9th. They issued an “underperform” rating and a $50.00 price target on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Altria Group in a research report on Saturday, September 27th. UBS Group raised shares of Altria Group from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $47.00 to $59.00 in a research note on Wednesday, July 2nd. Finally, The Goldman Sachs Group increased their target price on shares of Altria Group from $65.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus 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.