MADDEN SECURITIES Corp Sells 1,050 Shares of Altria Group, Inc. $MO

MADDEN SECURITIES Corp lessened its position in shares of Altria Group, Inc. (NYSE:MO) by 3.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 26,234 shares of the company’s stock after selling 1,050 shares during the quarter. MADDEN SECURITIES Corp’s holdings in Altria Group were worth $1,538,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Brighton Jones LLC boosted its stake in Altria Group by 64.7% during the fourth quarter. Brighton Jones LLC now owns 17,702 shares of the company’s stock worth $926,000 after buying an additional 6,954 shares in the last quarter. Vest Financial LLC lifted its holdings in shares of Altria Group by 73.5% during the 1st quarter. Vest Financial LLC now owns 16,696 shares of the company’s stock worth $1,002,000 after acquiring an additional 7,074 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of Altria Group during the 1st quarter valued at about $205,000. Revolve Wealth Partners LLC bought a new stake in Altria Group in the first quarter valued at about $202,000. Finally, Miracle Mile Advisors LLC acquired a new position in Altria Group in the first quarter worth about $392,000. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MO. Morgan Stanley lifted their price objective on Altria Group from $57.00 to $62.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. Jefferies Financial Group initiated coverage on Altria Group in a research report on Wednesday, July 9th. They set an “underperform” rating and a $50.00 target price for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Altria Group in a research note on Saturday, September 27th. Bank of America increased their price objective on Altria Group from $64.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, August 22nd. Finally, UBS Group raised 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 report on Wednesday, July 2nd. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $62.11.

Altria Group Price Performance

MO stock opened at $65.36 on Tuesday. The business has a fifty day moving average price of $65.32 and a 200 day moving average price of $61.00. Altria Group, Inc. has a fifty-two week low of $48.86 and a fifty-two week high of $68.60. The stock has a market capitalization of $109.80 billion, a price-to-earnings ratio of 12.64, a P/E/G ratio of 3.53 and a beta of 0.55.

Altria Group (NYSE:MO) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.07. The company had revenue of $5.29 billion for the quarter, compared to analyst estimates 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 in the previous year, the firm earned $1.31 earnings per share. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. On average, equities analysts expect that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 15th will be issued a dividend of $1.06 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $4.24 dividend on an annualized basis and a yield of 6.5%. This is an increase from Altria Group’s previous quarterly dividend of $1.02. 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.