Altria Group, Inc. (NYSE:MO) Stock Holdings Lessened by Foundry Partners LLC

Foundry Partners LLC lessened its stake in shares of Altria Group, Inc. (NYSE:MO) by 0.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 556,550 shares of the company’s stock after selling 2,752 shares during the quarter. Altria Group makes up approximately 1.5% of Foundry Partners LLC’s holdings, making the stock its 8th largest holding. Foundry Partners LLC’s holdings in Altria Group were worth $25,212,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P purchased a new position in shares of Altria Group during the 1st quarter worth $25,000. Ruedi Wealth Management Inc. acquired a new position in Altria Group in the fourth quarter valued at $30,000. Ellevest Inc. lifted its position in Altria Group by 346.7% during the first quarter. Ellevest Inc. now owns 670 shares of the company’s stock worth $30,000 after buying an additional 520 shares during the period. NewSquare Capital LLC lifted its position in Altria Group by 153.8% during the first quarter. NewSquare Capital LLC now owns 731 shares of the company’s stock worth $33,000 after buying an additional 443 shares during the period. Finally, Dark Forest Capital Management LP acquired a new stake in Altria Group in the 4th quarter worth about $34,000. Institutional investors and hedge funds own 58.94% of the company’s stock.

Altria Group Price Performance

NYSE MO opened at $43.35 on Tuesday. The business’s 50-day simple moving average is $44.38 and its 200-day simple moving average is $45.04. The firm has a market capitalization of $76.93 billion, a P/E ratio of 11.38, a P/E/G ratio of 2.32 and a beta of 0.59. Altria Group, Inc. has a 1-year low of $40.35 and a 1-year high of $51.57.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $1.31 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.31. Altria Group had a net margin of 27.40% and a negative return on equity of 225.61%. The firm had revenue of $5.44 billion for the quarter, compared to analysts’ expectations of $5.43 billion. During the same period in the previous year, the company posted $1.26 earnings per share. Altria Group’s revenue was up 1.2% compared to the same quarter last year. On average, equities research analysts expect that Altria Group, Inc. will post 5 EPS for the current fiscal year.

Altria Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Friday, September 15th will be given a $0.98 dividend. The ex-dividend date is Thursday, September 14th. This is a positive change from Altria Group’s previous quarterly dividend of $0.94. This represents a $3.92 annualized dividend and a yield of 9.04%. Altria Group’s dividend payout ratio (DPR) is 102.89%.

Wall Street Analyst Weigh In

MO has been the topic of several recent analyst reports. StockNews.com assumed coverage on shares of Altria Group in a report on Thursday, August 17th. They set a “buy” rating on the stock. Jefferies Financial Group cut their price target on shares of Altria Group from $56.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $47.50.

About Altria Group

Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company provides cigarettes primarily under the Marlboro brand; cigars and pipe tobacco principally under the Black & Mild brand; moist smokeless tobacco products and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; and on! oral nicotine pouches.