Altria Group, Inc. $MO Shares Sold by CMG Global Holdings LLC

CMG Global Holdings LLC cut its position in shares of Altria Group, Inc. (NYSE:MO) by 0.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,690 shares of the company’s stock after selling 194 shares during the quarter. CMG Global Holdings LLC’s holdings in Altria Group were worth $1,802,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mattson Financial Services LLC acquired a new stake in Altria Group during the first quarter worth about $25,000. Global X Japan Co. Ltd. purchased a new stake in shares of Altria Group in the second quarter worth about $25,000. Carderock Capital Management Inc. purchased a new stake in shares of Altria Group in the second quarter worth about $26,000. Sierra Ocean LLC boosted its position in shares of Altria Group by 226.3% in the first 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 purchased a new stake in shares of Altria Group in the first quarter worth about $31,000. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Altria Group Stock Performance

Shares of MO opened at $65.00 on Monday. The company has a market capitalization of $109.19 billion, a P/E ratio of 12.57, a P/E/G ratio of 3.62 and a beta of 0.55. Altria Group, Inc. has a one year low of $48.86 and a one year high of $68.60. The stock has a 50-day moving average price of $65.90 and a 200 day moving average price of $61.46.

Altria Group (NYSE:MO) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07. The firm had revenue of $5.29 billion during the quarter, compared to the consensus estimate of $5.21 billion. Altria Group had a negative return on equity of 295.26% and a net margin of 37.24%.Altria Group’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.31 earnings per share. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. As a group, equities research analysts forecast 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 was paid on Friday, October 10th. Shareholders of record on Monday, September 15th were issued a dividend of $1.06 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $4.24 dividend on an annualized basis and a yield of 6.5%. This is a boost from Altria Group’s previous quarterly dividend of $1.02. Altria Group’s dividend payout ratio (DPR) is 82.01%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MO. UBS Group raised Altria Group from a “sell” rating to a “neutral” rating and upped their target price for the stock from $47.00 to $59.00 in a research report on Wednesday, July 2nd. Jefferies Financial Group began coverage on Altria Group in a research report on Wednesday, July 9th. They issued an “underperform” rating and a $50.00 target price for the company. 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Altria Group in a research report on Wednesday, October 8th. Finally, Stifel Nicolaus set a $72.00 target price on Altria Group in a research report on Thursday, August 21st. 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 MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target 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.