Viewpoint Capital Management LLC Has $1.37 Million Holdings in Altria Group, Inc. $MO

Viewpoint Capital Management LLC decreased its stake in Altria Group, Inc. (NYSE:MO) by 5.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,358 shares of the company’s stock after selling 1,381 shares during the quarter. Viewpoint Capital Management LLC’s holdings in Altria Group were worth $1,369,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. GQG Partners LLC grew its holdings in Altria Group by 8,146.4% during the first 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 period. Nuveen LLC bought a new position in shares of Altria Group during the first quarter worth $219,141,000. Charles Schwab Investment Management Inc. grew its holdings in shares of 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 buying an additional 3,483,487 shares during the period. JPMorgan Chase & Co. increased its position in shares of 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 buying an additional 3,415,237 shares in the last quarter. Finally, Raymond James Financial Inc. increased its position in shares of Altria Group by 111.3% in the 1st quarter. Raymond James Financial Inc. now owns 5,558,252 shares of the company’s stock valued at $333,606,000 after buying an additional 2,928,006 shares in the last quarter. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Altria Group Stock Performance

NYSE:MO opened at $65.36 on Tuesday. The stock has a 50-day simple moving average of $65.32 and a 200 day simple moving average of $61.00. Altria Group, Inc. has a 52-week low of $48.86 and a 52-week high of $68.60. The company has a market cap of $109.80 billion, a PE ratio of 12.64, a PEG ratio of 3.53 and a beta of 0.55.

Altria Group (NYSE:MO) last released its earnings results on Wednesday, July 30th. The company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.37 by $0.07. The firm had revenue of $5.29 billion for 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 business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.31 EPS. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. On average, research analysts predict that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Increases Dividend

The firm 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 annualized dividend and a yield of 6.5%. Altria Group’s dividend payout ratio is currently 82.01%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Jefferies Financial Group started coverage on Altria Group in a report on Wednesday, July 9th. They set an “underperform” rating and a $50.00 target price on the stock. Stifel Nicolaus set a $72.00 price objective on Altria Group in a report on Thursday, August 21st. UBS Group upgraded Altria Group from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $47.00 to $59.00 in a research report on Wednesday, July 2nd. Morgan Stanley raised their target price on shares of Altria Group from $57.00 to $62.00 and gave the stock an “equal weight” rating in a report on Thursday, July 31st. Finally, Barclays upped their price target on shares of Altria Group from $49.00 to $57.00 and gave the company an “underweight” rating in a report on Wednesday, August 6th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $62.11.

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.