Cohen Investment Advisors LLC Sells 625 Shares of Altria Group, Inc. $MO

Cohen Investment Advisors LLC decreased its position in shares of Altria Group, Inc. (NYSE:MO) by 8.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,970 shares of the company’s stock after selling 625 shares during the quarter. Cohen Investment Advisors LLC’s holdings in Altria Group were worth $409,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Jacobi Capital Management LLC lifted its position in shares of Altria Group by 0.6% in the first quarter. Jacobi Capital Management LLC now owns 26,335 shares of the company’s stock valued at $1,581,000 after acquiring an additional 168 shares in the last quarter. Bar Harbor Wealth Management lifted its position in Altria Group by 3.1% during the second quarter. Bar Harbor Wealth Management now owns 5,656 shares of the company’s stock worth $332,000 after buying an additional 169 shares in the last quarter. Vista Investment Partners II LLC lifted its position in Altria Group by 4.2% during the first quarter. Vista Investment Partners II LLC now owns 4,302 shares of the company’s stock worth $258,000 after buying an additional 174 shares in the last quarter. Wealth Alliance LLC lifted its position in Altria Group by 1.9% during the first quarter. Wealth Alliance LLC now owns 9,452 shares of the company’s stock worth $567,000 after buying an additional 174 shares in the last quarter. Finally, Patten & Patten Inc. TN lifted its position in Altria Group by 1.5% during the first quarter. Patten & Patten Inc. TN now owns 12,049 shares of the company’s stock worth $723,000 after buying an additional 174 shares in the last quarter. Institutional investors own 57.41% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on MO shares. Barclays lifted their price objective 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 initiated coverage on Altria Group in a research report on Wednesday, July 9th. They issued an “underperform” rating and a $50.00 target price on the stock. Stifel Nicolaus set a $72.00 target price on Altria Group in a research 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 research report on Thursday, July 31st. Finally, UBS Group upgraded Altria Group from a “sell” rating to a “neutral” rating and lifted their target price for the company from $47.00 to $59.00 in a research report on Wednesday, July 2nd. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Altria Group has a consensus rating of “Hold” and an average price target of $62.11.

Altria Group Trading Down 1.9%

Shares of NYSE MO opened at $65.41 on Thursday. Altria Group, Inc. has a twelve month low of $48.86 and a twelve month high of $68.60. The stock has a fifty day simple moving average of $65.54 and a 200-day simple moving average of $61.07. The stock has a market capitalization of $109.88 billion, a PE ratio of 12.65, a PEG ratio of 3.58 and a beta of 0.55.

Altria Group (NYSE:MO) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $5.29 billion during the quarter, compared to analysts’ expectations of $5.21 billion. During the same period in the previous year, the firm posted $1.31 earnings per share. The company’s revenue 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 analysts predict that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Monday, September 15th will be paid a $1.06 dividend. The ex-dividend date of this dividend is Monday, September 15th. This is a boost from Altria Group’s previous quarterly dividend of $1.02. This represents a $4.24 dividend on an annualized basis and a dividend yield of 6.5%. Altria Group’s payout ratio is presently 82.01%.

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.