16,124 Shares in Altria Group, Inc. $MO Purchased by Two Sigma Securities LLC

Key Points

• Two Sigma Securities purchased 16,124 shares of Altria Group in the second quarter, valued at approximately $1.16 million. Institutional investors and hedge funds collectively own 57.41% of the company.
• Analyst sentiment remains mixed, with five Buy, four Hold, and two Sell ratings; the consensus rating is Hold with a $70.11 price target. Altria recently reported $1.48 in quarterly EPS, slightly below estimates, while revenue rose 1.2% year over year.
• Altria increased its quarterly dividend from $1.06 to $1.11 per share, equating to an annualized dividend of $4.44 and a 6.5% yield.

Two Sigma Securities LLC purchased a new stake in Altria Group, Inc. (NYSE:MO - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 16,124 shares of the company's stock, valued at approximately $1,160,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cornerstone Planning Group LLC increased its holdings in Altria Group by 5.8% in the 1st quarter. Cornerstone Planning Group LLC now owns 2,619 shares of the company's stock valued at $191,000 after purchasing an additional 143 shares during the last quarter. Angeles Wealth Management LLC boosted its position in shares of Altria Group by 1.3% during the second quarter. Angeles Wealth Management LLC now owns 11,239 shares of the company's stock worth $821,000 after buying an additional 146 shares during the period. Bernardo Wealth Planning LLC boosted its position in shares of Altria Group by 4.6% during the second quarter. Bernardo Wealth Planning LLC now owns 3,379 shares of the company's stock worth $243,000 after buying an additional 149 shares during the period. Old Peak Finance LLC grew its stake in shares of Altria Group by 1.3% in the second quarter. Old Peak Finance LLC now owns 11,920 shares of the company's stock valued at $858,000 after buying an additional 151 shares in the last quarter. Finally, Joel Isaacson & Co. LLC grew its stake in shares of Altria Group by 0.7% in the second quarter. Joel Isaacson & Co. LLC now owns 23,324 shares of the company's stock valued at $1,678,000 after buying an additional 152 shares in the last quarter. Institutional investors and hedge funds own 57.41% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on MO shares. Barclays lowered their target price on Altria Group from $64.00 to $58.00 and set an "underweight" rating for the company in a report on Tuesday, August 11th. UBS Group boosted their price target on shares of Altria Group from $76.00 to $79.00 and gave the stock a "buy" rating in a research note on Tuesday, July 7th. Weiss Ratings reissued a "buy (b)" rating on shares of Altria Group in a research report on Tuesday, July 14th. Jefferies Financial Group raised their price objective on shares of Altria Group from $50.00 to $60.00 and gave the company an "underperform" rating in a research note on Wednesday, May 27th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Altria Group from $60.00 to $66.00 and gave the company a "hold" rating in a report on Monday, May 4th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $70.11.

Altria Group Stock Down 0.4%

MO stock opened at $68.39 on Tuesday. The business has a 50 day moving average price of $70.08 and a 200 day moving average price of $69.01. The stock has a market cap of $114.19 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 2.43 and a beta of 0.46. Altria Group, Inc. has a fifty-two week low of $54.70 and a fifty-two week high of $77.06.

Altria Group (NYSE:MO - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $1.48 EPS for the quarter, missing analysts' consensus estimates of $1.50 by ($0.02). The company had revenue of $5.36 billion during the quarter, compared to analysts' expectations of $5.35 billion. Altria Group had a net margin of 33.99% and a negative return on equity of 315.29%. The company's quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the business earned $1.44 earnings per share. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. As a group, sell-side analysts anticipate that Altria Group, Inc. will post 5.67 EPS for the current year.

Altria Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Tuesday, September 15th will be issued a dividend of $1.11 per share. This is an increase from Altria Group's previous quarterly dividend of $1.06. This represents a $4.44 annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend is Tuesday, September 15th. Altria Group's dividend payout ratio is currently 89.45%.

Altria Group Company Profile

Altria Group, Inc NYSE: MO is a U.S.-based consumer goods company whose principal business is the manufacture and sale of tobacco products. Headquartered in Richmond, Virginia, the company's operations are focused primarily on the U.S. market and include the production, marketing and distribution of cigarettes, smokeless tobacco and cigars. Its flagship cigarette franchise in the United States is sold through its operating subsidiaries and is among the most recognizable cigarette brands in the country.

Altria's principal operating businesses include Philip Morris USA (cigarettes), U.S.

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