Altria Group, Inc. $MO Shares Sold by CFM Wealth Partners LLC

CFM Wealth Partners LLC reduced its position in Altria Group, Inc. (NYSE:MO) by 1.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 82,436 shares of the company’s stock after selling 805 shares during the period. CFM Wealth Partners LLC’s holdings in Altria Group were worth $4,833,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mattson Financial Services LLC purchased a new position in Altria Group in the first quarter valued at about $25,000. Global X Japan Co. Ltd. acquired a new position in shares of Altria Group in the 2nd quarter valued at approximately $25,000. Carderock Capital Management Inc. purchased a new position in shares of Altria Group during the 2nd quarter valued at approximately $26,000. Inlight Wealth Management LLC acquired a new stake in shares of Altria Group during the first quarter worth approximately $31,000. Finally, Sierra Ocean LLC increased its stake in shares of Altria Group by 226.3% in the first quarter. Sierra Ocean LLC now owns 509 shares of the company’s stock worth $31,000 after buying an additional 353 shares during the last quarter. 57.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on MO shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Altria Group in a report on Saturday, September 27th. UBS Group upgraded shares of Altria Group from a “sell” rating to a “neutral” rating and upped their target price for the company from $47.00 to $59.00 in a research note on Wednesday, July 2nd. Jefferies Financial Group started coverage on shares of Altria Group in a research report on Wednesday, July 9th. They set an “underperform” rating and a $50.00 price target on the stock. Stifel Nicolaus set a $72.00 price objective on Altria Group in a report on Thursday, August 21st. Finally, Bank of America increased their target price on Altria Group from $64.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, August 22nd. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $62.11.

Altria Group Trading Down 0.6%

NYSE:MO opened at $65.36 on Tuesday. The firm has a market capitalization of $109.80 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 3.53 and a beta of 0.55. The stock has a 50 day moving average of $65.32 and a 200-day moving average of $61.00. Altria Group, Inc. has a 52 week low of $48.86 and a 52 week high of $68.60.

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

Altria Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders 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 6.5%. The ex-dividend date is Monday, September 15th. Altria Group’s payout ratio is currently 82.01%.

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.