Annex Advisory Services LLC Sells 309 Shares of Altria Group, Inc. $MO

Annex Advisory Services LLC lessened its holdings in Altria Group, Inc. (NYSE:MO) by 1.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,344 shares of the company’s stock after selling 309 shares during the quarter. Annex Advisory Services LLC’s holdings in Altria Group were worth $1,075,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NorthCrest Asset Manangement LLC grew its holdings in shares of Altria Group by 88.5% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 8,536 shares of the company’s stock worth $512,000 after purchasing an additional 4,007 shares during the last quarter. Invst LLC grew its holdings in Altria Group by 252.0% during the 1st quarter. Invst LLC now owns 16,188 shares of the company’s stock worth $972,000 after acquiring an additional 11,589 shares during the last quarter. Central Valley Advisors LLC bought a new stake in Altria Group during the 2nd quarter worth about $1,715,000. Exchange Traded Concepts LLC grew its holdings in Altria Group by 17.4% during the 2nd quarter. Exchange Traded Concepts LLC now owns 1,086,060 shares of the company’s stock worth $63,676,000 after acquiring an additional 161,356 shares during the last quarter. Finally, Focus Partners Wealth grew its holdings in Altria Group by 18.0% during the 1st quarter. Focus Partners Wealth now owns 202,587 shares of the company’s stock worth $12,218,000 after acquiring an additional 30,860 shares during the last quarter. Institutional investors own 57.41% of the company’s stock.

Altria Group Trading Up 1.4%

NYSE MO opened at $64.85 on Monday. The company has a market cap of $108.94 billion, a PE ratio of 12.54, a PEG ratio of 3.49 and a beta of 0.59. Altria Group, Inc. has a 12 month low of $48.86 and a 12 month high of $68.60. The stock has a 50 day moving average of $63.89 and a 200-day moving average of $60.45.

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

Altria Group Increases Dividend

The company also recently announced 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 is an increase from Altria Group’s previous quarterly dividend of $1.02. 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. Altria Group’s payout ratio is 82.01%.

Analysts Set New Price Targets

A number of brokerages have commented on MO. Morgan Stanley increased their price objective on shares of Altria Group from $57.00 to $62.00 and gave the stock an “equal weight” rating in a report on Thursday, July 31st. UBS Group raised shares of Altria Group from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $47.00 to $59.00 in a report on Wednesday, July 2nd. Bank of America increased their price objective on shares of Altria Group from $64.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, August 22nd. Stifel Nicolaus set a $72.00 target price on shares of Altria Group in a research report on Thursday, August 21st. Finally, Jefferies Financial Group initiated coverage on shares of Altria Group in a research report on Wednesday, July 9th. They set an “underperform” rating and a $50.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $60.88.

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.