28.5% decrease in Altria shares held by Frank Rimerman Advisors in Q3; EPS of $1.31, below expectations.

Altria Group, Inc. (NYSE: MO) experienced a 28.5% decrease in shares held by Frank Rimerman Advisors in Q3, with its total shares now at 60,847. Institutional investors adjusted their positions, while brokerages set varied target prices, with Citigroup raising its target to $48.00. Altria reported Q3 earnings of $1.31 EPS, below expectations, and revenue of $6.21 billion. The company maintains an annual dividend of $4.08, yielding 8.21%.

October 27, 2024
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