Altria Group, Inc. $MO Shares Sold by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. lowered its stake in shares of Altria Group, Inc. (NYSE:MO) by 0.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,275 shares of the company’s stock after selling 247 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Altria Group were worth $4,648,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of MO. Brighton Jones LLC boosted its position in Altria Group by 64.7% in the fourth quarter. Brighton Jones LLC now owns 17,702 shares of the company’s stock valued at $926,000 after buying an additional 6,954 shares during the last quarter. GAMMA Investing LLC boosted its position in Altria Group by 17.8% in the first quarter. GAMMA Investing LLC now owns 36,028 shares of the company’s stock valued at $2,162,000 after buying an additional 5,440 shares during the last quarter. JFS Wealth Advisors LLC boosted its position in Altria Group by 8.6% in the first quarter. JFS Wealth Advisors LLC now owns 3,078 shares of the company’s stock valued at $185,000 after buying an additional 243 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in Altria Group by 1.6% in the first quarter. Asset Management One Co. Ltd. now owns 842,971 shares of the company’s stock valued at $50,595,000 after buying an additional 13,143 shares during the last quarter. Finally, Legacy Advisors LLC boosted its position in Altria Group by 161.4% in the first quarter. Legacy Advisors LLC now owns 27,721 shares of the company’s stock valued at $1,664,000 after buying an additional 17,115 shares during the last quarter. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Altria Group Trading Down 1.0%

Altria Group stock opened at $63.77 on Wednesday. Altria Group, Inc. has a 12 month low of $49.16 and a 12 month high of $68.60. The stock’s 50 day simple moving average is $65.83 and its two-hundred day simple moving average is $61.54. The firm has a market cap of $107.13 billion, a PE ratio of 12.34, a P/E/G ratio of 3.58 and a beta of 0.55.

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

Altria Group Increases Dividend

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

Wall Street Analyst Weigh In

MO has been the topic of a number of recent research reports. Morgan Stanley upped their target price on Altria Group from $57.00 to $62.00 and gave the company an “equal weight” rating in a research report on Thursday, July 31st. Barclays upped their target price on Altria Group from $49.00 to $57.00 and gave the company an “underweight” rating in a research report on Wednesday, August 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Altria Group in a research report on Wednesday, October 8th. Jefferies Financial Group assumed coverage on Altria Group in a research report on Wednesday, July 9th. They issued an “underperform” rating and a $50.00 price objective on the stock. Finally, Stifel Nicolaus set a $72.00 price objective on Altria Group in a research report on Thursday, August 21st. Four equities research 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 stock presently has an average rating of “Hold” and an average price target of $62.11.

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.