Institutional investor Invst LLC reduced Altria Group holdings by 72% in Q1 as the company missed Q2 earnings estimates.

Institutional investor Invst LLC reduced its Altria Group holdings by 72% in Q1, as the American multinational tobacco company reported missing Q2 earnings estimates by $0.04, with EPS of $1.31. However, Altria Group had a high revenue of $6.21bn, a strong net margin of 42.25%, and a large dividend yield of 7.68%. Several analysts have issued mixed reports on MO shares, with average rating of "Hold" and a consensus target price of $47.90.

August 03, 2024
3 Articles

Further Reading