Loudon Investment Management LLC Sells 1,029 Shares of Altria Group, Inc. $MO

Loudon Investment Management LLC cut its holdings in shares of Altria Group, Inc. (NYSE:MO) by 8.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,538 shares of the company’s stock after selling 1,029 shares during the period. Loudon Investment Management LLC’s holdings in Altria Group were worth $676,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Mattson Financial Services LLC bought a new stake in Altria Group during the 1st quarter worth approximately $25,000. Global X Japan Co. Ltd. bought a new position in Altria Group in the 2nd quarter valued at $25,000. Carderock Capital Management Inc. bought a new position in Altria Group in the 2nd quarter valued at $26,000. Sierra Ocean LLC boosted its position in Altria Group by 226.3% in the 1st quarter. Sierra Ocean LLC now owns 509 shares of the company’s stock valued at $31,000 after buying an additional 353 shares during the last quarter. Finally, Inlight Wealth Management LLC bought a new position in Altria Group in the 1st quarter valued at $31,000. 57.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on MO. Jefferies Financial Group began coverage on Altria Group in a research report on Wednesday, July 9th. They issued an “underperform” rating and a $50.00 price objective on the stock. Stifel Nicolaus set a $72.00 price objective on Altria Group in a research report on Thursday, August 21st. Bank of America increased their price objective on Altria Group from $64.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, August 22nd. UBS Group upgraded Altria Group from a “sell” rating to a “neutral” rating and increased their price objective for the company from $47.00 to $59.00 in a research report on Wednesday, July 2nd. Finally, Barclays increased their price objective on Altria Group from $49.00 to $57.00 and gave the company an “underweight” rating in a research report on Wednesday, August 6th. Two 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, Altria Group currently has a consensus rating of “Hold” and a consensus target price of $60.88.

Altria Group Trading Up 0.7%

Shares of Altria Group stock opened at $66.10 on Wednesday. The company has a market capitalization of $111.04 billion, a PE ratio of 12.79, a PEG ratio of 3.53 and a beta of 0.59. Altria Group, Inc. has a 12 month low of $48.86 and a 12 month high of $68.60. The stock’s fifty day simple moving average is $64.82 and its 200 day simple moving average is $60.77.

Altria Group (NYSE:MO) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.44 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 firm’s revenue was up .2% compared to the same quarter last year. 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. 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. Shareholders of record on Monday, September 15th will be paid a $1.06 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $4.24 annualized dividend and a dividend yield of 6.4%. This is a positive change from Altria Group’s previous quarterly dividend of $1.02. Altria Group’s dividend payout ratio (DPR) is 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.