Windle Wealth LLC Cuts Stock Holdings in Altria Group, Inc. $MO

Windle Wealth LLC cut its holdings in Altria Group, Inc. (NYSE:MO) by 1.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 135,958 shares of the company’s stock after selling 2,035 shares during the quarter. Altria Group makes up approximately 3.9% of Windle Wealth LLC’s holdings, making the stock its 9th largest holding. Windle Wealth LLC’s holdings in Altria Group were worth $7,971,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

MO has been the topic of several research reports. Bank of America lifted 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. 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. 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 research report on Wednesday, October 1st. Jefferies Financial Group assumed coverage on Altria Group in a research report on Wednesday, July 9th. They issued an “underperform” rating and a $50.00 price target on the stock. Finally, UBS Group raised Altria Group from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $47.00 to $59.00 in a research report on Wednesday, July 2nd. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $62.11.

Altria Group Stock Down 1.9%

Shares of NYSE MO opened at $65.41 on Thursday. Altria Group, Inc. has a twelve month low of $48.86 and a twelve month high of $68.60. The firm has a market cap of $109.88 billion, a P/E ratio of 12.65, a PEG ratio of 3.58 and a beta of 0.55. The company has a 50 day moving average of $65.54 and a 200 day moving average of $61.07.

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 analysts’ consensus estimates of $1.37 by $0.07. Altria Group had a net margin of 37.24% and a negative return on equity of 295.26%. The company had revenue of $5.29 billion during the quarter, compared to analyst estimates of $5.21 billion. During the same period in the previous year, the business earned $1.31 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. As a group, equities analysts expect that Altria Group, Inc. will post 5.32 earnings per share 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. Stockholders of record on Monday, September 15th will be issued a dividend of $1.06 per share. This represents a $4.24 annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend is Monday, September 15th. This is a positive change 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.