Berkshire Asset Management LLC PA Has $2 Million Position in Altria Group, Inc. $MO

Key Points

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Berkshire Asset Management LLC PA boosted its position in Altria Group, Inc. (NYSE:MO - Free Report) by 28.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,181 shares of the company's stock after purchasing an additional 7,338 shares during the period. Berkshire Asset Management LLC PA's holdings in Altria Group were worth $2,004,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. NorthCrest Asset Manangement LLC lifted its position in Altria Group by 88.5% in the first quarter. NorthCrest Asset Manangement LLC now owns 8,536 shares of the company's stock worth $512,000 after purchasing an additional 4,007 shares during the period. Brighton Jones LLC lifted its position in Altria Group by 64.7% in the fourth quarter. Brighton Jones LLC now owns 17,702 shares of the company's stock worth $926,000 after purchasing an additional 6,954 shares during the period. GAMMA Investing LLC lifted its position in Altria Group by 17.8% in the first quarter. GAMMA Investing LLC now owns 36,028 shares of the company's stock worth $2,162,000 after purchasing an additional 5,440 shares during the period. Patron Partners LLC lifted its position in Altria Group by 12.2% in the first quarter. Patron Partners LLC now owns 12,217 shares of the company's stock worth $733,000 after purchasing an additional 1,325 shares during the period. Finally, Simplicity Wealth LLC lifted its position in Altria Group by 152.2% in the first quarter. Simplicity Wealth LLC now owns 58,268 shares of the company's stock worth $3,497,000 after purchasing an additional 35,168 shares during the period. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Altria Group in a research report on Wednesday, July 9th. They issued an "underperform" rating and a $50.00 price target on the stock. Stifel Nicolaus lifted their price target on shares of Altria Group from $63.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Wall Street Zen lowered shares of Altria Group from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. Needham & Company LLC upgraded shares of Altria Group to a "hold" rating in a research report on Thursday, May 22nd. Finally, Barclays lifted their price target on shares of Altria Group from $49.00 to $57.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 6th. Two 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 company. According to data from MarketBeat.com, Altria Group has a consensus rating of "Hold" and a consensus price target of $60.00.

Altria Group Price Performance

NYSE MO traded down $0.0650 on Friday, hitting $67.6150. 9,600,585 shares of the stock were exchanged, compared to its average volume of 8,618,873. Altria Group, Inc. has a 52-week low of $48.86 and a 52-week high of $68.60. The company has a market capitalization of $113.59 billion, a price-to-earnings ratio of 13.08, a P/E/G ratio of 3.64 and a beta of 0.59. The company's 50-day moving average price is $61.07 and its two-hundred day moving average price is $58.76.

Altria Group (NYSE:MO - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.07. Altria Group had a net margin of 37.24% and a negative return on equity of 295.26%. The firm had revenue of $5.29 billion for the quarter, compared to analysts' expectations of $5.21 billion. During the same period in the previous year, the company posted $1.31 EPS. The company's quarterly 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. Equities analysts predict that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.

Altria Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 15th will be paid a dividend of $1.06 per share. This is an increase from Altria Group's previous quarterly dividend of $1.02. The ex-dividend date of this dividend is Monday, September 15th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 6.3%. Altria Group's dividend payout ratio (DPR) is 78.92%.

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.