Altria Group, Inc. $MO Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. trimmed its stake in shares of Altria Group, Inc. (NYSE:MO) by 6.6% in the second quarter, Holdings Channel reports. The fund owned 157,233 shares of the company’s stock after selling 11,197 shares during the period. TD Waterhouse Canada Inc.’s holdings in Altria Group were worth $9,137,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. TRUE Private Wealth Advisors boosted its holdings in Altria Group by 37.4% in the 2nd quarter. TRUE Private Wealth Advisors now owns 6,471 shares of the company’s stock valued at $379,000 after purchasing an additional 1,760 shares in the last quarter. Anfield Capital Management LLC increased its position in shares of Altria Group by 334.7% in the second quarter. Anfield Capital Management LLC now owns 539 shares of the company’s stock valued at $32,000 after buying an additional 415 shares in the last quarter. VSM Wealth Advisory LLC raised its position in Altria Group by 45.4% during the second quarter. VSM Wealth Advisory LLC now owns 1,527 shares of the company’s stock worth $90,000 after acquiring an additional 477 shares during the last quarter. FineMark National Bank & Trust raised its position in shares of Altria Group by 1.0% during the 2nd quarter. FineMark National Bank & Trust now owns 59,130 shares of the company’s stock worth $3,467,000 after purchasing an additional 590 shares during the last quarter. Finally, Traub Capital Management LLC acquired a new position in shares of Altria Group in the second quarter worth $133,000. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Price Performance

NYSE:MO opened at $58.60 on Thursday. Altria Group, Inc. has a 12-month low of $50.08 and a 12-month high of $68.60. The firm has a market capitalization of $98.37 billion, a P/E ratio of 11.33, a P/E/G ratio of 3.45 and a beta of 0.51. The business has a 50 day simple moving average of $62.83 and a 200 day simple moving average of $61.83.

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

Altria Group declared that its board has approved a stock repurchase plan on Thursday, October 30th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 1.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on MO shares. Morgan Stanley boosted their target price on shares of Altria Group from $57.00 to $62.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. The Goldman Sachs Group lifted their price target on shares of Altria Group from $65.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. Barclays upped their price objective on shares of Altria Group from $49.00 to $57.00 and gave the company an “underweight” rating in a research note on Wednesday, August 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Altria Group in a research note on Wednesday, October 8th. Finally, Bank of America increased their price target on Altria Group from $64.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, August 22nd. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $62.33.

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.