Gables Capital Management Inc. Has $808,000 Stake in Altria Group, Inc. $MO

Gables Capital Management Inc. trimmed its position in shares of Altria Group, Inc. (NYSE:MO) by 7.4% during the second quarter, Holdings Channel.com reports. The institutional investor owned 13,776 shares of the company’s stock after selling 1,105 shares during the period. Gables Capital Management Inc.’s holdings in Altria Group were worth $808,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Mattson Financial Services LLC acquired a new position in Altria Group during the first quarter worth $25,000. Global X Japan Co. Ltd. acquired a new position in shares of Altria Group in the second quarter valued at $25,000. Carderock Capital Management Inc. acquired a new position in shares of Altria Group in the second quarter valued at $26,000. Sierra Ocean LLC increased its holdings in shares of Altria Group by 226.3% in 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 during the last quarter. Finally, TruNorth Capital Management LLC increased its holdings in shares of Altria Group by 51.8% in the first quarter. TruNorth Capital Management LLC now owns 636 shares of the company’s stock valued at $38,000 after purchasing an additional 217 shares during the last quarter. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Altria Group Trading Down 1.0%

Shares of MO 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 firm’s 50 day moving average is $65.83 and its 200-day moving average is $61.54. The stock has a market capitalization 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 announced its earnings results on Wednesday, July 30th. The company reported $1.44 EPS for the quarter, topping the consensus estimate 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 period last year, the firm earned $1.31 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. Equities research analysts predict that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on MO shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Altria Group in a report on Wednesday, October 8th. Jefferies Financial Group started coverage on shares of Altria Group in a report on Wednesday, July 9th. They issued an “underperform” rating and a $50.00 price objective on the stock. Bank of America upped their price objective on shares of Altria Group from $64.00 to $72.00 and gave the company a “buy” rating in a report on Friday, August 22nd. Stifel Nicolaus set a $72.00 price objective on shares of Altria Group in a report on Thursday, August 21st. Finally, Barclays upped their price objective on shares of Altria Group from $49.00 to $57.00 and gave the company an “underweight” rating in a report on Wednesday, August 6th. 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 stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $62.11.

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.