Altria Group, Inc. $MO Shares Bought by Callan Family Office LLC

Key Points

• Callan Family Office LLC increased its stake in Altria Group by 207.8% in Q2, bringing its total to 29,260 shares worth $1.7 million.
• Altria Group announced a quarterly dividend of $1.06 per share, up from the previous $1.02, resulting in an annualized yield of 6.4%.
• The company's earnings for the latest quarter were reported at $1.44 EPS, exceeding expectations and showing a slight revenue increase compared to the prior year.

Callan Family Office LLC increased its stake in Altria Group, Inc. (NYSE:MO - Free Report) by 207.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,260 shares of the company's stock after buying an additional 19,755 shares during the quarter. Callan Family Office LLC's holdings in Altria Group were worth $1,716,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of MO. GQG Partners LLC grew its stake in shares of Altria Group by 8,146.4% in the first quarter. GQG Partners LLC now owns 18,698,594 shares of the company's stock valued at $1,122,290,000 after buying an additional 18,471,846 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Altria Group in the first quarter valued at about $219,141,000. Charles Schwab Investment Management Inc. grew its stake in shares of Altria Group by 5.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 63,288,773 shares of the company's stock valued at $3,798,592,000 after buying an additional 3,483,487 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Altria Group by 40.0% in the first quarter. JPMorgan Chase & Co. now owns 11,961,220 shares of the company's stock valued at $717,913,000 after buying an additional 3,415,237 shares in the last quarter. Finally, Raymond James Financial Inc. grew its stake in shares of Altria Group by 111.3% in the first quarter. Raymond James Financial Inc. now owns 5,558,252 shares of the company's stock valued at $333,606,000 after buying an additional 2,928,006 shares in the last quarter. Institutional investors and hedge funds own 57.41% of the company's stock.

Altria Group Stock Up 1.2%

Shares of NYSE:MO opened at $66.54 on Friday. The business has a 50 day moving average price of $65.72 and a 200 day moving average price of $61.22. Altria Group, Inc. has a twelve month low of $48.86 and a twelve month high of $68.60. The company has a market cap of $111.78 billion, a price-to-earnings ratio of 12.87, a PEG ratio of 3.70 and a beta of 0.55.

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

Altria Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Monday, September 15th were paid a dividend of $1.06 per share. This represents a $4.24 annualized dividend and a yield of 6.4%. The ex-dividend date was Monday, September 15th. This is a positive change from Altria Group's previous quarterly dividend of $1.02. Altria Group's dividend payout ratio is currently 82.01%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Barclays increased their target price 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 raised Altria Group from a "sell" rating to a "neutral" rating and raised their price target for the stock from $47.00 to $59.00 in a report on Wednesday, July 2nd. Morgan Stanley boosted their price target on Altria Group from $57.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Jefferies Financial Group started coverage on Altria Group in a research note on Wednesday, July 9th. They issued an "underperform" rating and a $50.00 price objective on the stock. Finally, The Goldman Sachs Group upped their price target on Altria Group from $65.00 to $72.00 and gave the company a "buy" rating in a research report on Wednesday, October 1st. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $62.11.

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.

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