Strategic Investment Solutions Inc. IL Sells 189 Shares of Altria Group, Inc. $MO

Strategic Investment Solutions Inc. IL reduced its stake in shares of Altria Group, Inc. (NYSE:MO) by 4.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,061 shares of the company’s stock after selling 189 shares during the quarter. Strategic Investment Solutions Inc. IL’s holdings in Altria Group were worth $238,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Mattson Financial Services LLC bought a new position in Altria Group in the 1st quarter valued at about $25,000. Global X Japan Co. Ltd. acquired a new stake in shares of Altria Group during the 2nd quarter worth approximately $25,000. Carderock Capital Management Inc. bought a new position in Altria Group in the second quarter valued at approximately $26,000. Inlight Wealth Management LLC acquired a new position in Altria Group during the first quarter valued at approximately $31,000. Finally, Sierra Ocean LLC raised its position in 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. Institutional investors own 57.41% of the company’s stock.

Altria Group Trading Up 0.1%

Shares of MO stock opened at $65.20 on Friday. The firm has a market capitalization of $109.53 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 3.50 and a beta of 0.59. The business’s 50-day moving average price is $64.40 and its 200-day moving average price is $60.60. Altria Group, Inc. has a 12 month low of $48.86 and a 12 month high of $68.60.

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

Altria Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Monday, September 15th will be paid a dividend of $1.06 per share. The ex-dividend date of this dividend is Monday, September 15th. This is an increase from Altria Group’s previous quarterly dividend of $1.02. This represents a $4.24 annualized dividend and a dividend yield of 6.5%. Altria Group’s payout ratio is 82.01%.

Wall Street Analysts Forecast Growth

MO has been the topic of a number of research analyst reports. Jefferies Financial Group initiated coverage on Altria Group in a report on Wednesday, July 9th. They issued an “underperform” rating and a $50.00 target price on the stock. Morgan Stanley raised their price objective on Altria Group from $57.00 to $62.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. UBS Group raised Altria Group from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $47.00 to $59.00 in a research note on Wednesday, July 2nd. Barclays raised their price target on shares of Altria Group from $49.00 to $57.00 and gave the company an “underweight” rating in a research note on Wednesday, August 6th. Finally, Bank of America upped their price objective on shares of Altria Group from $64.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, August 22nd. Two 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $60.88.

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.