Lido Advisors LLC Sells 49,772 Shares of Altria Group, Inc. $MO

Lido Advisors LLC lessened its stake in Altria Group, Inc. (NYSE:MO) by 7.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 662,910 shares of the company’s stock after selling 49,772 shares during the period. Lido Advisors LLC’s holdings in Altria Group were worth $39,564,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. West Family Investments Inc. raised its holdings in Altria Group by 42.5% in the 2nd quarter. West Family Investments Inc. now owns 8,831 shares of the company’s stock valued at $518,000 after acquiring an additional 2,635 shares in the last quarter. Williamson Legacy Group LLC bought a new stake in shares of Altria Group during the second quarter valued at approximately $1,098,000. Wealthquest Corp raised its stake in shares of Altria Group by 15.6% in the second quarter. Wealthquest Corp now owns 4,416 shares of the company’s stock valued at $259,000 after purchasing an additional 597 shares in the last quarter. Rinkey Investments bought a new position in Altria Group in the second quarter worth $251,000. Finally, F m Investments LLC boosted its holdings in Altria Group by 5.7% during the second quarter. F m Investments LLC now owns 28,025 shares of the company’s stock valued at $1,643,000 after purchasing an additional 1,509 shares in the last quarter. 57.41% of the stock is owned by institutional investors and hedge funds.

Altria Group Stock Up 0.5%

MO stock opened at $58.98 on Friday. The business has a fifty day moving average of $61.86 and a 200-day moving average of $61.79. The company has a market cap of $99.01 billion, a P/E ratio of 11.41, a PEG ratio of 3.45 and a beta of 0.51. Altria Group, Inc. has a twelve month low of $50.08 and a twelve month high of $68.60.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Thursday, October 30th. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.01. The firm had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.31 billion. Altria Group had a negative return on equity of 295.26% and a net margin of 37.24%.The company’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.38 EPS. Altria Group has set its FY 2025 guidance at 5.370-5.45 EPS. As a group, equities research analysts anticipate that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group declared that its Board of Directors has initiated a share repurchase plan on Thursday, October 30th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 1.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on MO shares. Bank of America increased their target price 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. Barclays raised their price objective on shares of Altria Group from $49.00 to $57.00 and gave the stock an “underweight” rating in a report on Wednesday, August 6th. UBS Group reduced their target price on Altria Group from $68.00 to $61.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Stifel Nicolaus set a $72.00 price target on Altria Group in a research report on Thursday, August 21st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Altria Group in a research report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Altria Group currently has a consensus rating of “Hold” and a consensus target price of $62.33.

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.