Stevens Capital Management LP Takes $3.67 Million Position in Altria Group, Inc. $MO

Stevens Capital Management LP bought a new stake in shares of Altria Group, Inc. (NYSE:MO) during the second quarter, Holdings Channel reports. The institutional investor bought 62,535 shares of the company’s stock, valued at approximately $3,666,000. Altria Group comprises 1.0% of Stevens Capital Management LP’s holdings, making the stock its 28th biggest holding.

A number of other large investors have also bought and sold shares of MO. Westside Investment Management Inc. raised its stake in Altria Group by 4.5% during the 2nd quarter. Westside Investment Management Inc. now owns 3,816 shares of the company’s stock worth $224,000 after buying an additional 166 shares during the period. Jacobi Capital Management LLC increased its holdings in shares of Altria Group by 0.6% during the first quarter. Jacobi Capital Management LLC now owns 26,335 shares of the company’s stock valued at $1,581,000 after acquiring an additional 168 shares in the last quarter. Bar Harbor Wealth Management raised its position in shares of Altria Group by 3.1% during the second quarter. Bar Harbor Wealth Management now owns 5,656 shares of the company’s stock worth $332,000 after purchasing an additional 169 shares during the period. Parcion Private Wealth LLC raised its position in shares of Altria Group by 1.6% during the second quarter. Parcion Private Wealth LLC now owns 11,172 shares of the company’s stock worth $655,000 after purchasing an additional 172 shares during the period. Finally, Patten & Patten Inc. TN lifted its holdings in shares of 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. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Altria Group Price Performance

Shares of Altria Group stock opened at $58.16 on Friday. The firm has a market cap of $97.63 billion, a PE ratio of 11.25, a P/E/G ratio of 3.45 and a beta of 0.51. Altria Group, Inc. has a 1 year low of $50.08 and a 1 year high of $68.60. The stock has a fifty day moving average price of $62.50 and a 200-day moving average price of $61.79.

Altria Group (NYSE:MO) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.01. The company had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.31 billion. Altria Group had a net margin of 37.24% and a negative return on equity of 295.26%. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.38 EPS. Altria Group has set its FY 2025 guidance at 5.370-5.45 EPS. As a group, equities analysts anticipate that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.

Altria Group declared that its board has authorized a share buyback plan on Thursday, October 30th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 1.9% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Altria Group in a research note on Wednesday, October 8th. The Goldman Sachs Group boosted their target price on shares of Altria Group from $65.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. UBS Group dropped their price target on shares of Altria Group from $68.00 to $61.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Bank of America boosted their price objective on Altria Group from $64.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, August 22nd. Finally, Stifel Nicolaus set a $72.00 price objective on Altria Group in a research note on Thursday, August 21st. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $62.33.

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.