Signal Advisors Wealth LLC Has $887,000 Position in Altria Group, Inc. $MO

Key Points

• Signal Advisors Wealth LLC increased its holdings in Altria Group by 145.7% in the 2nd quarter, bringing its total to 15,123 shares valued at $887,000.
• Altria's recent earnings report exceeded estimates, showing a net revenue of $5.29 billion and earnings per share (EPS) of $1.44, up from $1.31 during the same quarter last year.
• The company announced a quarterly dividend of $1.06, an increase from the previous $1.02, resulting in an annual yield of 6.6%.

Signal Advisors Wealth LLC grew its holdings in Altria Group, Inc. (NYSE:MO - Free Report) by 145.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,123 shares of the company's stock after acquiring an additional 8,969 shares during the quarter. Signal Advisors Wealth LLC's holdings in Altria Group were worth $887,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. NorthCrest Asset Manangement LLC grew its holdings in shares of Altria Group by 88.5% during the first quarter. NorthCrest Asset Manangement LLC now owns 8,536 shares of the company's stock worth $512,000 after buying an additional 4,007 shares in the last quarter. Central Valley Advisors LLC bought a new position in shares of Altria Group during the second quarter worth about $1,715,000. Invst LLC grew its holdings in shares of Altria Group by 252.0% during the first quarter. Invst LLC now owns 16,188 shares of the company's stock worth $972,000 after buying an additional 11,589 shares in the last quarter. Focus Partners Wealth grew its holdings in shares of Altria Group by 18.0% during the first quarter. Focus Partners Wealth now owns 202,587 shares of the company's stock worth $12,218,000 after buying an additional 30,860 shares in the last quarter. Finally, Brighton Jones LLC grew its holdings in shares of Altria Group by 64.7% during the fourth quarter. Brighton Jones LLC now owns 17,702 shares of the company's stock worth $926,000 after buying an additional 6,954 shares in the last quarter. 57.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MO shares. Morgan Stanley increased their price objective on Altria Group from $57.00 to $62.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Stifel Nicolaus set a $72.00 price target on Altria Group in a research note on Thursday, August 21st. Barclays raised their price target on Altria Group from $49.00 to $57.00 and gave the company an "underweight" rating in a research note on Wednesday, August 6th. UBS Group upgraded Altria Group from a "sell" rating to a "neutral" rating and raised their price target for the company from $47.00 to $59.00 in a research note on Wednesday, July 2nd. Finally, Bank of America raised their price target on Altria Group from $64.00 to $72.00 and gave the company a "buy" rating in a research note on Friday, August 22nd. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $60.88.

Altria Group Trading Down 1.7%

Shares of MO traded down $1.10 during mid-day trading on Monday, reaching $63.80. The company's stock had a trading volume of 7,625,252 shares, compared to its average volume of 7,889,683. Altria Group, Inc. has a 1-year low of $48.86 and a 1-year high of $68.60. The stock has a market cap of $107.17 billion, a P/E ratio of 12.34, a PEG ratio of 3.49 and a beta of 0.59. The business has a 50-day simple moving average of $64.00 and a two-hundred day simple moving average of $60.50.

Altria Group (NYSE:MO - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $1.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.37 by $0.07. The company had revenue of $5.29 billion during the quarter, compared to analysts' expectations of $5.21 billion. Altria Group had a negative return on equity of 295.26% and a net margin of 37.24%.The business's revenue was up .2% on a year-over-year basis. During the same period last year, the firm posted $1.31 earnings per share. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. Research analysts anticipate that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Increases Dividend

The company 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 dividend of $1.06 per share. This represents a $4.24 annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend is Monday, September 15th. This is an increase from Altria Group's previous quarterly dividend of $1.02. Altria Group's payout ratio is 82.01%.

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.