Altria Group, Inc. $MO Shares Sold by Edmp Inc.

Edmp Inc. reduced its position in Altria Group, Inc. (NYSE:MO) by 2.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 90,172 shares of the company’s stock after selling 1,798 shares during the quarter. Altria Group comprises approximately 4.5% of Edmp Inc.’s investment portfolio, making the stock its 2nd largest position. Edmp Inc.’s holdings in Altria Group were worth $5,287,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mattson Financial Services LLC acquired a new stake in shares of Altria Group in the 1st quarter worth $25,000. Global X Japan Co. Ltd. acquired a new stake in shares of Altria Group during the 2nd quarter worth about $25,000. Carderock Capital Management Inc. acquired a new stake in shares of Altria Group during the 2nd quarter worth about $26,000. Inlight Wealth Management LLC acquired a new stake in shares of Altria Group during the 1st quarter worth about $31,000. Finally, Sierra Ocean LLC increased 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 purchasing an additional 353 shares during the last quarter. 57.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on MO. Morgan Stanley raised their target price on Altria Group from $57.00 to $62.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. Stifel Nicolaus set a $72.00 target price on Altria Group in a report on Thursday, August 21st. Barclays raised their target price on Altria Group from $49.00 to $57.00 and gave the company an “underweight” rating in a report on Wednesday, August 6th. The Goldman Sachs Group lifted their price objective on Altria Group from $65.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. Finally, UBS Group upgraded Altria Group from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $47.00 to $59.00 in a research note on Wednesday, July 2nd. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $62.11.

Altria Group Stock Down 2.4%

MO opened at $64.92 on Tuesday. The firm has a market cap of $109.07 billion, a price-to-earnings ratio of 12.56, a price-to-earnings-growth ratio of 3.70 and a beta of 0.55. Altria Group, Inc. has a 52 week low of $48.86 and a 52 week high of $68.60. The business’s 50 day moving average is $65.78 and its two-hundred day moving average is $61.29.

Altria Group (NYSE:MO) last released its quarterly earnings results on Wednesday, July 30th. The company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.37 by $0.07. The company had revenue of $5.29 billion for the quarter, compared to analyst estimates of $5.21 billion. Altria Group had a negative return on equity of 295.26% and a net margin of 37.24%.The firm’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.31 earnings per share. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. Equities analysts expect that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.

Altria Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Monday, September 15th were issued a $1.06 dividend. The ex-dividend date of this dividend was Monday, September 15th. This is an increase 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 dividend 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.