Fishman Jay A Ltd. MI Trims Stock Holdings in Altria Group, Inc. $MO

Fishman Jay A Ltd. MI lowered its stake in Altria Group, Inc. (NYSE:MO) by 2.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,835 shares of the company’s stock after selling 220 shares during the quarter. Fishman Jay A Ltd. MI’s holdings in Altria Group were worth $577,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in MO. Valeo Financial Advisors LLC lifted its holdings in Altria Group by 2.1% during the second quarter. Valeo Financial Advisors LLC now owns 42,674 shares of the company’s stock valued at $2,502,000 after purchasing an additional 890 shares in the last quarter. Grimes & Company Inc. increased its stake in shares of Altria Group by 31.4% in the second quarter. Grimes & Company Inc. now owns 13,038 shares of the company’s stock worth $764,000 after purchasing an additional 3,118 shares in the last quarter. Merit Financial Group LLC raised its position in shares of Altria Group by 26.1% during the 2nd quarter. Merit Financial Group LLC now owns 129,899 shares of the company’s stock valued at $7,616,000 after purchasing an additional 26,920 shares during the period. Beacon Financial Advisory LLC lifted its stake in shares of Altria Group by 9.8% during the 2nd quarter. Beacon Financial Advisory LLC now owns 22,806 shares of the company’s stock valued at $1,337,000 after buying an additional 2,034 shares in the last quarter. Finally, OLD National Bancorp IN boosted its holdings in Altria Group by 3.9% in the 2nd quarter. OLD National Bancorp IN now owns 161,795 shares of the company’s stock worth $9,486,000 after buying an additional 6,013 shares during the period. 57.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Stifel Nicolaus set a $72.00 price target on Altria Group in a report on Thursday, August 21st. The Goldman Sachs Group boosted their price target on 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 target on Altria Group from $49.00 to $57.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 6th. UBS Group upgraded shares of Altria Group from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $47.00 to $59.00 in a research report on Wednesday, July 2nd. Finally, Morgan Stanley boosted their target price 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. Four investment 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. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $62.11.

Altria Group Stock Performance

NYSE MO opened at $65.70 on Monday. Altria Group, Inc. has a one year low of $48.86 and a one year high of $68.60. The company has a market capitalization of $110.38 billion, a P/E ratio of 12.71, a P/E/G ratio of 3.53 and a beta of 0.55. The stock has a 50 day moving average price of $65.19 and a 200-day moving average price of $60.95.

Altria Group (NYSE:MO) last released its earnings results on Wednesday, July 30th. The company reported $1.44 earnings per share 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 firm had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $5.21 billion. During the same quarter in the previous year, the company posted $1.31 EPS. The company’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, equities analysts predict that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.

Altria Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Monday, September 15th will be issued a $1.06 dividend. The ex-dividend date is Monday, September 15th. This is a boost 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%. Altria Group’s dividend payout ratio (DPR) is currently 82.01%.

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.