Mutual of America Capital Management LLC Cuts Position in Altria Group, Inc. $MO

Mutual of America Capital Management LLC decreased its stake in Altria Group, Inc. (NYSE:MO) by 5.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 181,785 shares of the company’s stock after selling 11,103 shares during the period. Mutual of America Capital Management LLC’s holdings in Altria Group were worth $12,009,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MO. Brighton Jones LLC increased its stake in Altria Group by 64.7% in the 4th quarter. Brighton Jones LLC now owns 17,702 shares of the company’s stock valued at $926,000 after purchasing an additional 6,954 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in shares of Altria Group by 86.3% during the second quarter. Sivia Capital Partners LLC now owns 6,361 shares of the company’s stock valued at $373,000 after acquiring an additional 2,946 shares during the last quarter. Avior Wealth Management LLC boosted its stake in shares of Altria Group by 9.6% during the 2nd quarter. Avior Wealth Management LLC now owns 10,741 shares of the company’s stock worth $630,000 after purchasing an additional 938 shares during the last quarter. Tritonpoint Wealth LLC boosted its position in Altria Group by 21.8% during the second quarter. Tritonpoint Wealth LLC now owns 5,246 shares of the company’s stock worth $313,000 after acquiring an additional 938 shares during the last quarter. Finally, Vermillion Wealth Management Inc. boosted its holdings in shares of Altria Group by 27.6% during the second quarter. Vermillion Wealth Management Inc. now owns 1,813 shares of the company’s stock worth $106,000 after purchasing an additional 392 shares during the last quarter. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MO. The Goldman Sachs Group increased their price target on shares of Altria Group from $65.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Weiss Ratings reissued a “buy (b)” rating on shares of Altria Group in a research report on Wednesday, October 8th. Argus raised shares of Altria Group to a “hold” rating in a research report on Tuesday, January 13th. Finally, UBS Group boosted their target price on shares of Altria Group from $63.00 to $67.00 and gave the stock a “buy” rating in a research report on Monday. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $63.00.

Altria Group Stock Performance

MO opened at $63.08 on Tuesday. The company has a market capitalization of $105.89 billion, a P/E ratio of 12.04, a PEG ratio of 3.43 and a beta of 0.47. The company has a 50-day moving average of $58.79 and a 200-day moving average of $61.68. Altria Group, Inc. has a 1-year low of $50.08 and a 1-year high of $68.60.

Altria Group (NYSE:MO) last posted its quarterly earnings results on Thursday, October 30th. The company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.01. Altria Group had a negative return on equity of 319.43% and a net margin of 37.89%.The business had revenue of $5.25 billion during the quarter, compared to the consensus estimate of $5.31 billion. During the same period last year, the firm earned $1.38 earnings per share. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. Altria Group has set its FY 2025 guidance at 5.370-5.45 EPS. As a group, sell-side analysts expect that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, December 26th were issued a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend was Friday, December 26th. Altria Group’s dividend payout ratio is 80.92%.

Altria Group announced that its Board of Directors has initiated a stock repurchase program on Thursday, October 30th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 1.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Altria Group Company Profile

Altria Group, Inc (NYSE: MO) is a U.S.-based consumer goods company whose principal business is the manufacture and sale of tobacco products. Headquartered in Richmond, Virginia, the company’s operations are focused primarily on the U.S. market and include the production, marketing and distribution of cigarettes, smokeless tobacco and cigars. Its flagship cigarette franchise in the United States is sold through its operating subsidiaries and is among the most recognizable cigarette brands in the country.

Altria’s principal operating businesses include Philip Morris USA (cigarettes), U.S.