180 Wealth Advisors LLC Cuts Stake in Altria Group, Inc. $MO

180 Wealth Advisors LLC reduced its stake in Altria Group, Inc. (NYSE:MO) by 1.8% during the second quarter, HoldingsChannel reports. The fund owned 11,853 shares of the company’s stock after selling 221 shares during the period. 180 Wealth Advisors LLC’s holdings in Altria Group were worth $695,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Mattson Financial Services LLC purchased a new stake in shares of Altria Group in the first quarter worth $25,000. Global X Japan Co. Ltd. bought a new position in shares of Altria Group during the second quarter valued at $25,000. Carderock Capital Management Inc. bought a new position in shares of Altria Group during the second quarter valued at $26,000. Sierra Ocean LLC lifted its holdings in shares of Altria Group by 226.3% during the first quarter. Sierra Ocean LLC now owns 509 shares of the company’s stock valued at $31,000 after purchasing an additional 353 shares in the last quarter. Finally, TruNorth Capital Management LLC lifted its holdings in shares of Altria Group by 51.8% during the first quarter. TruNorth Capital Management LLC now owns 636 shares of the company’s stock valued at $38,000 after purchasing an additional 217 shares in the last quarter. 57.41% of the stock is owned by hedge funds and other institutional investors.

Altria Group Stock Up 0.2%

NYSE MO opened at $64.72 on Friday. Altria Group, Inc. has a 52 week low of $49.58 and a 52 week high of $68.60. The firm has a market capitalization of $108.73 billion, a P/E ratio of 12.52, a PEG ratio of 3.59 and a beta of 0.55. The company has a 50-day moving average price of $65.76 and a 200-day moving average price of $61.68.

Altria Group (NYSE:MO) last released its quarterly 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. Altria Group had a net margin of 37.24% and a negative return on equity of 295.26%. The firm had revenue of $5.29 billion during the quarter, compared to analyst estimates of $5.21 billion. During the same quarter in the prior year, the firm earned $1.31 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. As a group, equities research analysts anticipate that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Monday, September 15th were paid a $1.06 dividend. This represents a $4.24 annualized dividend and a dividend yield of 6.6%. This is an increase from Altria Group’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend was Monday, September 15th. Altria Group’s dividend payout ratio is 82.01%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on MO shares. Morgan Stanley upped their price target on Altria Group from $57.00 to $62.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. Bank of America upped their price target on Altria Group from $64.00 to $72.00 and gave the company a “buy” rating in a report on Friday, August 22nd. Jefferies Financial Group started coverage on Altria Group in a report on Wednesday, July 9th. They set an “underperform” rating and a $50.00 price target on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Altria Group in a report on Friday. Finally, Stifel Nicolaus set a $72.00 target price on Altria Group in a research report on Thursday, August 21st. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price 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.