Parcion Private Wealth LLC Increases Holdings in Altria Group, Inc. $MO

Parcion Private Wealth LLC raised its stake in shares of Altria Group, Inc. (NYSE:MO) by 1.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,172 shares of the company’s stock after buying an additional 172 shares during the quarter. Parcion Private Wealth LLC’s holdings in Altria Group were worth $655,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Mattson Financial Services LLC purchased a new position in Altria Group during the first quarter valued at $25,000. Global X Japan Co. Ltd. purchased a new position in Altria Group during the second quarter valued at $25,000. Carderock Capital Management Inc. purchased a new position in Altria Group during the second quarter valued at $26,000. Sierra Ocean LLC increased its holdings in shares of Altria Group by 226.3% in the 1st quarter. Sierra Ocean LLC now owns 509 shares of the company’s stock worth $31,000 after purchasing an additional 353 shares in the last quarter. Finally, TruNorth Capital Management LLC increased its holdings in shares of Altria Group by 51.8% in the 1st quarter. TruNorth Capital Management LLC now owns 636 shares of the company’s stock worth $38,000 after purchasing an additional 217 shares in the last quarter. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Altria Group Price Performance

Shares of MO opened at $64.35 on Thursday. Altria Group, Inc. has a one year low of $49.58 and a one year high of $68.60. The firm has a market capitalization of $108.10 billion, a P/E ratio of 12.45, a PEG ratio of 3.55 and a beta of 0.55. The business has a fifty day moving average of $65.81 and a 200 day moving average of $61.56.

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

Altria Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Monday, September 15th were issued a $1.06 dividend. The ex-dividend date of this dividend was Monday, September 15th. This is an increase from Altria Group’s previous quarterly dividend of $1.02. This represents a $4.24 annualized dividend and a dividend yield of 6.6%. Altria Group’s dividend payout ratio is presently 82.01%.

Analysts Set New Price Targets

A number of research firms have commented on MO. The Goldman Sachs Group lifted their target price on Altria Group from $65.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. Weiss Ratings reissued a “buy (b)” rating on shares of Altria Group in a report on Wednesday, October 8th. Barclays lifted their target price on Altria Group from $49.00 to $57.00 and gave the stock an “underweight” rating in a report on Wednesday, August 6th. Jefferies Financial Group began coverage on Altria Group in a report on Wednesday, July 9th. They issued an “underperform” rating and a $50.00 target price for the company. Finally, Stifel Nicolaus set a $72.00 target price on Altria Group in a report on Thursday, August 21st. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $62.11.

Altria Group 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.