3,334 Shares in Altria Group, Inc. $MO Purchased by AdviceOne Advisory Services LLC

AdviceOne Advisory Services LLC purchased a new position in Altria Group, Inc. (NYSE:MO) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,334 shares of the company’s stock, valued at approximately $200,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Jacobi Capital Management LLC increased its stake in Altria Group by 0.6% in the 1st quarter. Jacobi Capital Management LLC now owns 26,335 shares of the company’s stock worth $1,581,000 after purchasing an additional 168 shares in the last quarter. Vista Investment Partners II LLC increased its stake in Altria Group by 4.2% in the 1st quarter. Vista Investment Partners II LLC now owns 4,302 shares of the company’s stock worth $258,000 after purchasing an additional 174 shares in the last quarter. Wealth Alliance LLC increased its stake in Altria Group by 1.9% in the 1st quarter. Wealth Alliance LLC now owns 9,452 shares of the company’s stock worth $567,000 after purchasing an additional 174 shares in the last quarter. Patten & Patten Inc. TN increased its stake in Altria Group by 1.5% in the 1st quarter. Patten & Patten Inc. TN now owns 12,049 shares of the company’s stock worth $723,000 after purchasing an additional 174 shares in the last quarter. Finally, Baron Silver Stevens Financial Advisors LLC increased its stake in Altria Group by 2.7% in the 1st quarter. Baron Silver Stevens Financial Advisors LLC now owns 6,762 shares of the company’s stock worth $406,000 after purchasing an additional 175 shares in the last quarter. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MO shares. Jefferies Financial Group assumed coverage on Altria Group in a research note on Wednesday, July 9th. They issued an “underperform” rating and a $50.00 price target on the stock. Barclays lifted their target price on Altria Group from $49.00 to $57.00 and gave the company an “underweight” rating in a research note on Wednesday, August 6th. Bank of America lifted their target price on Altria Group from $64.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, August 22nd. Stifel Nicolaus set a $72.00 target price on Altria Group in a research note on Thursday, August 21st. Finally, Morgan Stanley lifted their target price on Altria Group from $57.00 to $62.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $60.88.

Altria Group Price Performance

Shares of Altria Group stock opened at $66.64 on Friday. The firm has a market cap of $111.95 billion, a price-to-earnings ratio of 12.89, a P/E/G ratio of 3.57 and a beta of 0.59. Altria Group, Inc. has a 52-week low of $48.86 and a 52-week high of $68.60. The stock has a 50-day simple moving average of $63.28 and a 200-day simple moving average of $60.09.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.07. The business had revenue of $5.29 billion during the quarter, compared to analyst estimates of $5.21 billion. Altria Group had a negative return on equity of 295.26% and a net margin of 37.24%.The firm’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the company earned $1.31 EPS. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. As a group, equities research analysts predict that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Monday, September 15th will be issued a dividend of $1.06 per share. The ex-dividend date is Monday, September 15th. This represents a $4.24 annualized dividend and a dividend yield of 6.4%. This is a positive change from Altria Group’s previous quarterly dividend of $1.02. Altria Group’s dividend payout ratio is presently 78.92%.

Altria Group Company Profile

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