Consolidated Portfolio Review Corp Has $489,000 Stake in Altria Group, Inc. $MO

Consolidated Portfolio Review Corp lifted its holdings in shares of Altria Group, Inc. (NYSE:MO) by 28.6% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 8,335 shares of the company’s stock after acquiring an additional 1,853 shares during the period. Consolidated Portfolio Review Corp’s holdings in Altria Group were worth $489,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Mattson Financial Services LLC acquired a new stake in shares of Altria Group during the 1st quarter worth approximately $25,000. Global X Japan Co. Ltd. acquired a new stake in shares of Altria Group during the 2nd quarter worth approximately $25,000. Carderock Capital Management Inc. acquired a new stake in shares of Altria Group during the 2nd quarter worth approximately $26,000. Sierra Ocean LLC grew its position in shares of Altria Group by 226.3% during the 1st quarter. Sierra Ocean LLC now owns 509 shares of the company’s stock worth $31,000 after buying an additional 353 shares during the period. Finally, Inlight Wealth Management LLC acquired a new stake in shares of Altria Group during the 1st quarter worth approximately $31,000. Institutional investors and hedge funds own 57.41% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on MO. 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. Morgan Stanley lifted their price objective on shares of Altria Group from $57.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 31st. Barclays lifted their price objective on shares of Altria Group from $49.00 to $57.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 6th. Stifel Nicolaus set a $72.00 price objective on shares of Altria Group in a research note on Thursday, August 21st. Finally, Jefferies Financial Group began coverage on shares of Altria Group in a research note on Wednesday, July 9th. They set an “underperform” rating and a $50.00 price objective on the stock. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $60.88.

Altria Group Stock Up 0.3%

Shares of MO stock opened at $66.29 on Thursday. The company’s fifty day simple moving average is $64.95 and its 200-day simple moving average is $60.81. The firm has a market cap of $111.36 billion, a PE ratio of 12.82, a P/E/G ratio of 3.55 and a beta of 0.55. Altria Group, Inc. has a 12 month low of $48.86 and a 12 month high of $68.60.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.07. The business 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%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.31 earnings per share. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. On average, equities analysts predict that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Increases Dividend

The company 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 dividend of $1.06 per share. The ex-dividend date is Monday, September 15th. This is a positive change from Altria Group’s previous quarterly dividend of $1.02. This represents a $4.24 dividend on an annualized basis and a yield of 6.4%. Altria Group’s dividend payout ratio is presently 82.01%.

About Altria Group

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.