Philip James Wealth Mangement LLC Sells 1,239 Shares of Altria Group, Inc. $MO

Philip James Wealth Mangement LLC trimmed its holdings in Altria Group, Inc. (NYSE:MOFree Report) by 0.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 219,826 shares of the company’s stock after selling 1,239 shares during the period. Altria Group comprises about 1.6% of Philip James Wealth Mangement LLC’s holdings, making the stock its 11th largest position. Philip James Wealth Mangement LLC’s holdings in Altria Group were worth $12,888,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in MO. GQG Partners LLC grew its holdings in Altria Group by 8,146.4% during the first quarter. GQG Partners LLC now owns 18,698,594 shares of the company’s stock worth $1,122,290,000 after buying an additional 18,471,846 shares in the last quarter. Nuveen LLC bought a new stake in shares of Altria Group in the 1st quarter worth $219,141,000. Charles Schwab Investment Management Inc. lifted its position in shares of Altria Group by 5.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 63,288,773 shares of the company’s stock valued at $3,798,592,000 after purchasing an additional 3,483,487 shares in the last quarter. JPMorgan Chase & Co. grew its position in Altria Group by 40.0% in the 1st quarter. JPMorgan Chase & Co. now owns 11,961,220 shares of the company’s stock worth $717,913,000 after purchasing an additional 3,415,237 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its stake in shares of Altria Group by 111.3% in the 1st quarter. Raymond James Financial Inc. now owns 5,558,252 shares of the company’s stock worth $333,606,000 after buying an additional 2,928,006 shares during the last quarter. 57.41% of the stock is owned by institutional investors.

Altria Group Stock Up 0.3%

NYSE MO opened at $66.29 on Thursday. The company has a market cap of $111.36 billion, a PE ratio of 12.82, a price-to-earnings-growth ratio of 3.55 and a beta of 0.55. Altria Group, Inc. has a 52 week low of $48.86 and a 52 week high of $68.60. The firm’s 50-day simple moving average is $64.95 and its two-hundred day simple moving average is $60.81.

Altria Group (NYSE:MOGet Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $1.44 earnings per share 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 firm had revenue of $5.29 billion during the quarter, compared to the consensus estimate of $5.21 billion. During the same quarter last year, the company earned $1.31 earnings per share. The company’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. As a group, equities research analysts anticipate that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 15th will be given 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 annualized dividend and a dividend yield of 6.4%. The ex-dividend date is Monday, September 15th. Altria Group’s dividend payout ratio (DPR) is currently 82.01%.

Analysts Set New Price Targets

A number of brokerages recently commented on MO. Morgan Stanley increased their price target 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. Jefferies Financial Group assumed coverage on Altria Group in a research report on Wednesday, July 9th. They set an “underperform” rating and a $50.00 target price for the company. Stifel Nicolaus set a $72.00 target price on Altria Group in a research note on Thursday, August 21st. Bank of America increased their price target on shares of Altria Group from $64.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, August 22nd. Finally, UBS Group raised shares of Altria Group from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $47.00 to $59.00 in a research report on Wednesday, July 2nd. Two 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. Based on data from MarketBeat.com, Altria Group currently has a consensus rating of “Hold” and a consensus target price of $60.88.

View Our Latest Stock Report on Altria Group

About Altria Group

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Altria Group (NYSE:MO)

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