City State Bank Sells 374 Shares of Altria Group, Inc. $MO

City State Bank trimmed its holdings in shares of Altria Group, Inc. (NYSE:MO) by 3.6% during the second quarter, HoldingsChannel reports. The fund owned 10,068 shares of the company’s stock after selling 374 shares during the quarter. City State Bank’s holdings in Altria Group were worth $590,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in MO. Mattson Financial Services LLC bought a new position in Altria Group during the 1st quarter worth approximately $25,000. Global X Japan Co. Ltd. bought a new position in Altria Group during the 2nd quarter worth approximately $25,000. Carderock Capital Management Inc. bought a new position in Altria Group during the 2nd quarter worth approximately $26,000. Sierra Ocean LLC raised its holdings in 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. Finally, TruNorth Capital Management LLC raised its holdings in Altria Group by 51.8% during the 1st quarter. TruNorth Capital Management LLC now owns 636 shares of the company’s stock worth $38,000 after purchasing an additional 217 shares during the last quarter. 57.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on MO shares. Stifel Nicolaus set a $72.00 price target on shares of Altria Group in a report on Thursday, August 21st. Bank of America lifted their price objective on shares of Altria Group from $64.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, August 22nd. Morgan Stanley lifted their price objective on shares of Altria Group from $57.00 to $62.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. Jefferies Financial Group started coverage on shares of Altria Group in a research note on Wednesday, July 9th. They issued an “underperform” rating and a $50.00 price objective for the company. Finally, The Goldman Sachs Group lifted their price objective on shares of Altria Group from $65.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. Four equities research 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. According to MarketBeat.com, Altria Group has a consensus rating of “Hold” and a consensus price target of $62.11.

Altria Group Trading Up 0.2%

MO opened at $64.72 on Friday. The company has a market cap of $108.73 billion, a price-to-earnings ratio of 12.52, a PEG ratio of 3.59 and a beta of 0.55. The company’s fifty day moving average price is $65.76 and its two-hundred day moving average price is $61.68. Altria Group, Inc. has a 1-year low of $49.58 and a 1-year high of $68.60.

Altria Group (NYSE:MO) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.44 earnings per share (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 analysts’ expectations of $5.21 billion. Altria Group had a net margin of 37.24% and a negative return on equity of 295.26%. The business’s revenue was up .2% on a year-over-year basis. During the same period last year, the company earned $1.31 earnings per share. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. As a group, equities analysts forecast that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Monday, September 15th were issued a dividend of $1.06 per share. 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 6.6%. The ex-dividend date was Monday, September 15th. Altria Group’s dividend payout ratio is 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.