Altria Group, Inc. $MO Shares Sold by KPP Advisory Services LLC

KPP Advisory Services LLC lowered its position in Altria Group, Inc. (NYSE:MO) by 1.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 62,365 shares of the company’s stock after selling 1,177 shares during the quarter. Altria Group accounts for 0.9% of KPP Advisory Services LLC’s investment portfolio, making the stock its 24th biggest position. KPP Advisory Services LLC’s holdings in Altria Group were worth $3,656,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Jacobi Capital Management LLC increased its holdings in Altria Group by 0.6% in the 1st quarter. Jacobi Capital Management LLC now owns 26,335 shares of the company’s stock valued at $1,581,000 after purchasing an additional 168 shares in the last quarter. Vista Investment Partners II LLC boosted its position in shares of Altria Group by 4.2% in the first quarter. Vista Investment Partners II LLC now owns 4,302 shares of the company’s stock worth $258,000 after buying an additional 174 shares during the period. Wealth Alliance LLC grew its stake in shares of Altria Group by 1.9% in the first quarter. Wealth Alliance LLC now owns 9,452 shares of the company’s stock valued at $567,000 after buying an additional 174 shares in the last quarter. Patten & Patten Inc. TN raised its holdings in shares of Altria Group by 1.5% during the 1st quarter. Patten & Patten Inc. TN now owns 12,049 shares of the company’s stock valued at $723,000 after buying an additional 174 shares during the period. Finally, Baron Silver Stevens Financial Advisors LLC lifted its position in Altria Group by 2.7% during the 1st quarter. Baron Silver Stevens Financial Advisors LLC now owns 6,762 shares of the company’s stock worth $406,000 after acquiring an additional 175 shares in the last quarter. 57.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Stifel Nicolaus set a $72.00 price objective on shares of Altria Group in a research report on Thursday, August 21st. UBS Group raised shares of Altria Group from a “sell” rating to a “neutral” rating and raised their price target for the company from $47.00 to $59.00 in a report on Wednesday, July 2nd. The Goldman Sachs Group lifted their price target on shares of Altria Group from $65.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Barclays raised their target price on Altria Group from $49.00 to $57.00 and gave the company an “underweight” rating in a research note on Wednesday, August 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Altria Group in a research note on Saturday, September 27th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $62.11.

Altria Group Stock Down 0.1%

Shares of Altria Group stock opened at $65.70 on Monday. Altria Group, Inc. has a fifty-two week low of $48.86 and a fifty-two week high of $68.60. The firm has a market cap of $110.38 billion, a P/E ratio of 12.71, a P/E/G ratio of 3.53 and a beta of 0.55. The business has a 50-day moving average price of $65.19 and a 200 day moving average price of $60.95.

Altria Group (NYSE:MO) last released its quarterly earnings data on Wednesday, July 30th. The company reported $1.44 EPS for the quarter, topping 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 net margin of 37.24% and a negative return on equity of 295.26%. The firm’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the company 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 anticipate that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Increases Dividend

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