Several large investors have recently adjusted their holdings in Altria Group. In Q1, Albion Financial Group UT increased its shares by 49.1%, owning 2,767 shares valued at $121K after purchasing 911 more shares. Nordea Investment Management AB raised its stake by 1.6%, now owning 1,027,886 shares worth around $44.96M with an addition of 16,541 shares. Regal Investment Advisors LLC grew its position by 4.2% in Q2, holding 251,933 shares valued at $11.48M post-buying 10,079 shares. Atomi Financial Group Inc. boosted its stake by 7.2%, now with 5,953 shares worth $260K after buying 399 shares. Lastly, &PARTNERS acquired a new stake in Q1 valued at about $556K. Overall, institutional investors and hedge funds control 57.41% of Altria Group’s stock.
Altria Group Stock Performance
On Friday, Altria Group’s shares opened at $49.98. The company has a market cap of $85.85 billion, a P/E ratio of 10.46, and a PEG ratio of 2.95. Its stock has ranged from $39.06 to $54.95 in the past year, with a 50-day moving average of $51.59 and a 200-day average of $47.29.
Altria Group recently reported quarterly earnings on July 31st, with an EPS of $1.31, missing predictions by $0.04. Revenue was $6.21 billion, outperforming estimates of $5.39 billion, with a net margin of 42.25%. Analysts project an EPS of 5.11 for the current fiscal year.
Dividend Announcement
Altria has declared a quarterly dividend of $1.02, to be paid on October 10th, with a record date of September 16th. This is an increase from $0.98, resulting in an annual dividend of $4.08 and an 8.16% yield. The company’s dividend payout ratio is 85.36%.
Analyst Ratings
Analysts have mixed ratings for Altria Group. Barclays raised its price target from $43 to $45, maintaining an “underweight” rating. StockNews.com upgraded it to a “buy”; Bank of America increased its target from $52 to $57, rating it “neutral”. UBS lowered its target from $39 to $41 with a “sell” rating. Stifel Nicolaus adjusted its target from $50 to $54, rating it “buy.” Overall, there are two “sell”, three “hold”, and three “buy” ratings, with an average rating of “Hold” and a target price of $49.67.
Get Our Latest Analysis on Altria Group
Company Overview
Altria Group, Inc. manufactures and sells tobacco products in the U.S., offering well-known brands like Marlboro cigarettes, Black & Mild cigars, Copenhagen smokeless tobacco, and NJOY ACE e-vapor products.
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