Tounjian Advisory Partners LLC Has $2.94 Million Holdings in Altria Group, Inc. $MO

Tounjian Advisory Partners LLC lowered its position in shares of Altria Group, Inc. (NYSE:MO) by 1.3% during the second quarter, Holdings Channel reports. The fund owned 48,952 shares of the company’s stock after selling 646 shares during the quarter. Tounjian Advisory Partners LLC’s holdings in Altria Group were worth $2,938,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MO. GQG Partners LLC increased its stake in Altria Group by 8,146.4% in the 1st quarter. GQG Partners LLC now owns 18,698,594 shares of the company’s stock valued at $1,122,290,000 after buying an additional 18,471,846 shares during the period. Nuveen LLC acquired a new position in Altria Group in the 1st quarter valued at approximately $219,141,000. Charles Schwab Investment Management Inc. increased its stake in Altria Group by 5.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 63,288,773 shares of the company’s stock valued at $3,798,592,000 after buying an additional 3,483,487 shares during the period. JPMorgan Chase & Co. increased its stake in Altria Group by 40.0% in the 1st quarter. JPMorgan Chase & Co. now owns 11,961,220 shares of the company’s stock valued at $717,913,000 after buying an additional 3,415,237 shares during the period. Finally, Raymond James Financial Inc. increased its stake in Altria Group by 111.3% in the 1st quarter. Raymond James Financial Inc. now owns 5,558,252 shares of the company’s stock valued at $333,606,000 after buying an additional 2,928,006 shares during the period. Institutional investors and hedge funds own 57.41% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in 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 research note on Friday, August 22nd. Stifel Nicolaus set a $72.00 price target on shares of Altria Group in a research note on Thursday, August 21st. Barclays increased their price target on shares of Altria Group from $49.00 to $57.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 6th. UBS Group upgraded shares of Altria Group from a “sell” rating to a “neutral” rating and increased their price target for the stock from $47.00 to $59.00 in a research note on Wednesday, July 2nd. Finally, Jefferies Financial Group began coverage on shares of Altria Group in a research note on Wednesday, July 9th. They set an “underperform” rating and a $50.00 price target on the stock. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $60.88.

Altria Group Price Performance

Shares of Altria Group stock opened at $64.81 on Wednesday. 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 fifty day moving average price of $63.48 and a two-hundred day moving average price of $60.26. The company has a market cap of $108.87 billion, a PE ratio of 12.54, a price-to-earnings-growth ratio of 3.49 and a beta of 0.59.

Altria Group (NYSE:MO) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $5.29 billion during the quarter, compared to the consensus estimate of $5.21 billion. During the same period in the prior year, the firm earned $1.31 EPS. The business’s revenue was up .2% on a year-over-year basis. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. Analysts expect that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Increases Dividend

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

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.