Credit Agricole S A Sells 683,112 Shares of Altria Group, Inc. $MO

Credit Agricole S A decreased its holdings in Altria Group, Inc. (NYSE:MO) by 59.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 458,809 shares of the company’s stock after selling 683,112 shares during the quarter. Credit Agricole S A’s holdings in Altria Group were worth $27,538,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Inlight Wealth Management LLC bought a new position in shares of Altria Group during the 1st quarter worth approximately $31,000. Sierra Ocean LLC lifted 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 buying an additional 353 shares in the last quarter. Pinney & Scofield Inc. bought a new position in shares of Altria Group during the 4th quarter worth approximately $33,000. Bellwether Advisors LLC bought a new position in shares of Altria Group during the 4th quarter worth approximately $38,000. Finally, TruNorth Capital Management LLC lifted its position in shares of 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 buying an additional 217 shares in the last quarter. Institutional investors own 57.41% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on MO shares. Jefferies Financial Group started coverage on shares of Altria Group in a research report on Wednesday, July 9th. They set an “underperform” rating and a $50.00 target price on the stock. Stifel Nicolaus lifted their target price on shares of Altria Group from $63.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. UBS Group raised shares of Altria Group from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $47.00 to $59.00 in a research report on Wednesday, July 2nd. Needham & Company LLC raised shares of Altria Group to a “hold” rating in a research report on Thursday, May 22nd. Finally, Citigroup lifted their price target on shares of Altria Group from $52.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, April 25th. Two equities 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $59.13.

Altria Group Trading Up 0.8%

NYSE:MO opened at $66.5070 on Wednesday. The stock has a market capitalization of $111.72 billion, a PE ratio of 12.86, a price-to-earnings-growth ratio of 3.55 and a beta of 0.59. The firm’s 50 day moving average is $60.61 and its 200 day moving average is $58.50. Altria Group, Inc. has a 12 month low of $48.86 and a 12 month high of $66.60.

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

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.