Waterloo Capital L.P. Decreases Stock Holdings in Altria Group, Inc. $MO

Waterloo Capital L.P. decreased its position in shares of Altria Group, Inc. (NYSE:MO) by 6.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 82,777 shares of the company’s stock after selling 5,826 shares during the period. Waterloo Capital L.P.’s holdings in Altria Group were worth $4,853,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Westside Investment Management Inc. grew its stake in shares of Altria Group by 4.5% during the second quarter. Westside Investment Management Inc. now owns 3,816 shares of the company’s stock worth $224,000 after acquiring an additional 166 shares during the last quarter. Jacobi Capital Management LLC boosted 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. Bar Harbor Wealth Management grew its position in Altria Group by 3.1% during the 2nd 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 last quarter. Parcion Private Wealth LLC increased its stake in Altria Group by 1.6% during the 2nd quarter. Parcion Private Wealth LLC now owns 11,172 shares of the company’s stock valued at $655,000 after purchasing an additional 172 shares in the last quarter. Finally, Patten & Patten Inc. TN raised its holdings in shares of Altria Group by 1.5% in the first quarter. Patten & Patten Inc. TN now owns 12,049 shares of the company’s stock worth $723,000 after buying an additional 174 shares during the last quarter. 57.41% of the stock is owned by hedge funds and other institutional investors.

Altria Group Stock Down 0.0%

MO stock opened at $58.16 on Friday. The stock has a market capitalization of $97.63 billion, a P/E ratio of 11.25, a P/E/G ratio of 3.45 and a beta of 0.51. Altria Group, Inc. has a 52 week low of $50.08 and a 52 week high of $68.60. The firm has a 50-day simple moving average of $62.50 and a 200-day simple moving average of $61.80.

Altria Group (NYSE:MO) last announced its earnings results on Thursday, October 30th. The company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.01. Altria Group had a negative return on equity of 295.26% and a net margin of 37.24%.The business had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.31 billion. During the same quarter in the prior year, the firm earned $1.38 earnings per share. The business’s revenue was down 3.0% compared to the same quarter last year. Altria Group has set its FY 2025 guidance at 5.370-5.45 EPS. On average, analysts expect that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group declared that its board has approved a share repurchase plan on Thursday, October 30th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 1.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MO. Bank of America increased their price objective on Altria Group from $64.00 to $72.00 and gave the company a “buy” rating in a report on Friday, August 22nd. UBS Group cut their price target on shares of Altria Group from $68.00 to $61.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Stifel Nicolaus set a $72.00 price objective on shares of Altria Group in a research note on Thursday, August 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Altria Group in a report on Wednesday, October 8th. Finally, Morgan Stanley boosted their target price on shares of Altria Group from $57.00 to $62.00 and gave the company an “equal weight” rating in a research report on Thursday, July 31st. Four investment 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price 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.