Altria Group, Inc. $MO Stock Holdings Lessened by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its stake in shares of Altria Group, Inc. (NYSE:MO) by 1.8% during the second quarter, HoldingsChannel.com reports. The firm owned 62,162,568 shares of the company’s stock after selling 1,126,205 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Altria Group were worth $3,644,820,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in MO. Mattson Financial Services LLC acquired a new stake in shares of Altria Group during the 1st quarter valued at $25,000. Global X Japan Co. Ltd. purchased a new stake in shares of Altria Group during the second quarter worth $25,000. Carderock Capital Management Inc. acquired a new stake in Altria Group during the second quarter valued at $26,000. Anfield Capital Management LLC boosted its position in Altria Group by 334.7% during the second quarter. Anfield Capital Management LLC now owns 539 shares of the company’s stock valued at $32,000 after purchasing an additional 415 shares during the last quarter. Finally, Winnow Wealth LLC purchased a new position in Altria Group in the second quarter valued at about $35,000. Institutional investors and hedge funds own 57.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on MO shares. The Goldman Sachs Group raised their price target on Altria Group from $65.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Stifel Nicolaus set a $72.00 price objective on shares of Altria Group in a research report on Thursday, August 21st. Morgan Stanley lifted 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. 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. Finally, Bank of America raised their price target on shares of Altria Group from $64.00 to $72.00 and gave the company a “buy” rating in a report on Friday, August 22nd. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Altria Group currently has an average rating of “Hold” and a consensus target price of $62.33.

Altria Group Price Performance

Shares of MO opened at $58.16 on Friday. The company has a market capitalization of $97.63 billion, a PE ratio of 11.25, a price-to-earnings-growth ratio of 3.45 and a beta of 0.51. Altria Group, Inc. has a one year low of $50.08 and a one year high of $68.60. The company’s fifty day moving average price is $62.50 and its 200 day moving average price is $61.80.

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

Altria Group declared that its Board of Directors has approved a share repurchase program on Thursday, October 30th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the company to repurchase up to 1.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

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.