Edmp Inc. Sells 1,798 Shares of Altria Group, Inc. $MO

Edmp Inc. lessened its holdings in shares of Altria Group, Inc. (NYSE:MO) by 2.0% during the second quarter, HoldingsChannel reports. The fund owned 90,172 shares of the company’s stock after selling 1,798 shares during the period. Altria Group comprises approximately 4.5% of Edmp Inc.’s investment portfolio, making the stock its 2nd biggest holding. Edmp Inc.’s holdings in Altria Group were worth $5,287,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MO. Jacobi Capital Management LLC grew its holdings in Altria Group by 0.6% in the first quarter. Jacobi Capital Management LLC now owns 26,335 shares of the company’s stock valued at $1,581,000 after purchasing an additional 168 shares during the last quarter. Bar Harbor Wealth Management lifted its position in shares of Altria Group by 3.1% in the second quarter. Bar Harbor Wealth Management now owns 5,656 shares of the company’s stock valued at $332,000 after acquiring an additional 169 shares in the last quarter. Vista Investment Partners II LLC lifted its position in shares of Altria Group by 4.2% in the first quarter. Vista Investment Partners II LLC now owns 4,302 shares of the company’s stock valued at $258,000 after acquiring an additional 174 shares in the last quarter. Wealth Alliance LLC lifted its position in shares of Altria Group by 1.9% in the first quarter. Wealth Alliance LLC now owns 9,452 shares of the company’s stock valued at $567,000 after acquiring an additional 174 shares in the last quarter. Finally, Patten & Patten Inc. TN lifted its position in shares of Altria Group by 1.5% in the first quarter. Patten & Patten Inc. TN now owns 12,049 shares of the company’s stock valued at $723,000 after acquiring an additional 174 shares in the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Trading Down 2.4%

MO opened at $64.92 on Tuesday. 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 $109.07 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 3.70 and a beta of 0.55. The company has a fifty day simple moving average of $65.78 and a 200 day simple moving average of $61.29.

Altria Group (NYSE:MO) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $5.21 billion. During the same quarter in the prior year, the business posted $1.31 earnings per share. Altria Group’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. On average, analysts forecast that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Monday, September 15th were paid a dividend of $1.06 per share. This is a boost from Altria Group’s previous quarterly dividend of $1.02. The ex-dividend date was Monday, September 15th. This represents a $4.24 dividend on an annualized basis and a yield of 6.5%. Altria Group’s payout ratio is 82.01%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MO. Morgan Stanley upped 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 upped their price objective on Altria Group from $65.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. Stifel Nicolaus set a $72.00 target price on Altria Group in a research report on Thursday, August 21st. Barclays raised 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. Finally, Jefferies Financial Group began coverage on Altria Group in a research note on Wednesday, July 9th. They issued an “underperform” rating and a $50.00 price target on the stock. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $62.11.

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.