Viewpoint Capital Management LLC Sells 1,381 Shares of Altria Group, Inc. $MO

Viewpoint Capital Management LLC lessened its position in Altria Group, Inc. (NYSE:MO) by 5.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 23,358 shares of the company’s stock after selling 1,381 shares during the period. Viewpoint Capital Management LLC’s holdings in Altria Group were worth $1,369,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. Mattson Financial Services LLC acquired a new position in Altria Group in the first quarter valued at about $25,000. Global X Japan Co. Ltd. acquired a new stake in shares of Altria Group during the second quarter worth approximately $25,000. Carderock Capital Management Inc. bought a new position in shares of Altria Group in the second quarter valued at approximately $26,000. Inlight Wealth Management LLC acquired a new position in shares of Altria Group in the 1st quarter worth approximately $31,000. Finally, Sierra Ocean LLC grew its position in Altria Group by 226.3% during the 1st quarter. Sierra Ocean LLC now owns 509 shares of the company’s stock worth $31,000 after acquiring an additional 353 shares during the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Stock Down 0.6%

Altria Group stock opened at $65.36 on Tuesday. The business’s 50-day simple moving average is $65.32 and its 200 day simple moving average is $61.00. The stock has a market cap 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, Inc. has a 12-month low of $48.86 and a 12-month high of $68.60.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $1.44 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $5.21 billion. During the same period in the previous year, the business posted $1.31 EPS. The company’s quarterly revenue 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, sell-side analysts expect that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 15th will be issued a $1.06 dividend. This is an increase from Altria Group’s previous quarterly dividend of $1.02. This represents a $4.24 annualized dividend and a yield of 6.5%. The ex-dividend date is Monday, September 15th. Altria Group’s dividend payout ratio (DPR) is currently 82.01%.

Wall Street Analysts Forecast Growth

MO has been the subject of several research analyst reports. 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 research report on Thursday, July 31st. Barclays raised their target price on Altria Group from $49.00 to $57.00 and gave the company an “underweight” rating in a research note on Wednesday, August 6th. Bank of America upped their price target on shares of Altria Group from $64.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, August 22nd. The Goldman Sachs Group increased their price objective 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. Finally, Jefferies Financial Group started coverage on shares of Altria Group in a research note on Wednesday, July 9th. They issued an “underperform” rating and a $50.00 target price for the company. 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 stock. According to MarketBeat.com, Altria Group currently has a consensus rating of “Hold” and an average target price of $62.11.

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.