Crews Bank & Trust Buys 200 Shares of Altria Group, Inc. $MO

Crews Bank & Trust increased its stake in Altria Group, Inc. (NYSE:MO) by 7.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,035 shares of the company’s stock after purchasing an additional 200 shares during the quarter. Crews Bank & Trust’s holdings in Altria Group were worth $178,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of MO. Vanguard Group Inc. increased its stake in Altria Group by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 158,117,225 shares of the company’s stock worth $9,490,196,000 after buying an additional 1,300,787 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Altria Group by 5.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 63,288,773 shares of the company’s stock worth $3,798,592,000 after buying an additional 3,483,487 shares in the last quarter. GQG Partners LLC increased its stake in Altria Group by 8,146.4% in the 1st quarter. GQG Partners LLC now owns 18,698,594 shares of the company’s stock worth $1,122,290,000 after buying an additional 18,471,846 shares in the last quarter. Invesco Ltd. increased its stake in Altria Group by 3.7% in the 1st quarter. Invesco Ltd. now owns 12,243,041 shares of the company’s stock worth $734,827,000 after buying an additional 441,083 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Altria Group by 40.0% in the 1st quarter. JPMorgan Chase & Co. now owns 11,961,220 shares of the company’s stock worth $717,913,000 after buying an additional 3,415,237 shares in the last quarter. 57.41% of the stock is owned by institutional investors.

Altria Group Stock Down 0.1%

Shares of Altria Group stock opened at $65.70 on Friday. The firm has a market cap of $110.38 billion, a price-to-earnings ratio of 12.71, a PEG ratio of 3.54 and a beta of 0.55. The business has a 50-day moving average price of $65.19 and a 200-day moving average price of $60.91. Altria Group, Inc. has a twelve month low of $48.86 and a twelve month high of $68.60.

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

Altria Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 15th will be issued a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend is Monday, September 15th. This is a positive change from Altria Group’s previous quarterly dividend of $1.02. Altria Group’s payout ratio is 82.01%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. 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 for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Altria Group in a research note on Saturday, September 27th. Barclays raised their price objective on Altria Group from $49.00 to $57.00 and gave the company an “underweight” rating in a research report on Wednesday, August 6th. Morgan Stanley raised their price objective on Altria Group from $57.00 to $62.00 and gave the company an “equal weight” rating in a research report on Thursday, July 31st. Finally, Stifel Nicolaus set a $72.00 price objective on Altria Group in a research report on Thursday, August 21st. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $60.88.

About Altria Group

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.