Intrua Financial LLC Boosts Stock Holdings in Altria Group, Inc. $MO

Key Points

• Intrua Financial LLC increased its stake in Altria Group by 43.2%, acquiring 4,039 additional shares, bringing their total holdings to 13,381 shares worth approximately $803,000.
• Altria Group recently declared a quarterly dividend of $1.06, which is an increase from the previous $1.02, representing an annualized yield of 6.4%.
• Analysts have varied opinions on Altria Group’s stock, with a consensus rating of "Hold" and an average price target of $60.88, reflecting significant expectations for future growth.

Intrua Financial LLC boosted its position in shares of Altria Group, Inc. (NYSE:MO - Free Report) by 43.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,381 shares of the company's stock after purchasing an additional 4,039 shares during the quarter. Intrua Financial LLC's holdings in Altria Group were worth $803,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Jacobi Capital Management LLC increased its holdings in Altria Group by 0.6% during 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 during the period. Advisors Capital Management LLC increased its holdings in Altria Group by 19.4% during the 1st quarter. Advisors Capital Management LLC now owns 419,322 shares of the company's stock worth $25,168,000 after purchasing an additional 68,063 shares during the period. Mattson Financial Services LLC purchased a new position in Altria Group during the 1st quarter worth $25,000. Chelsea Counsel Co. increased its holdings in Altria Group by 1.8% during the 1st quarter. Chelsea Counsel Co. now owns 20,835 shares of the company's stock worth $1,272,000 after purchasing an additional 375 shares during the period. Finally, MBL Wealth LLC increased its holdings in Altria Group by 28.2% during the 1st quarter. MBL Wealth LLC now owns 6,501 shares of the company's stock worth $390,000 after purchasing an additional 1,431 shares during the period. 57.41% of the stock is currently owned by hedge funds and other institutional investors.

Altria Group Price Performance

MO traded up $0.28 on Friday, reaching $66.64. 7,962,739 shares of the stock were exchanged, compared to its average volume of 6,857,291. The company's 50-day moving average price is $63.28 and its 200 day moving average price is $60.13. Altria Group, Inc. has a fifty-two week low of $48.86 and a fifty-two week high of $68.60. The firm has a market capitalization of $111.95 billion, a PE ratio of 12.89, a PEG ratio of 3.58 and a beta of 0.59.

Altria Group (NYSE:MO - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $1.44 EPS for the quarter, topping 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 firm's revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.31 EPS. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. As a group, equities analysts forecast that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 15th will be paid a $1.06 dividend. The ex-dividend date is Monday, September 15th. This represents a $4.24 annualized dividend and a dividend yield of 6.4%. This is a boost from Altria Group's previous quarterly dividend of $1.02. Altria Group's dividend payout ratio (DPR) is presently 78.92%.

Analyst Ratings Changes

MO has been the topic of a number of analyst reports. UBS Group upgraded Altria Group from a "sell" rating to a "neutral" rating and lifted their price target for the company from $47.00 to $59.00 in a report on Wednesday, July 2nd. Jefferies Financial Group initiated coverage on Altria Group in a report on Wednesday, July 9th. They issued an "underperform" rating and a $50.00 price target on the stock. Morgan Stanley lifted their price target on Altria Group from $57.00 to $62.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. Bank of America lifted their price target on Altria Group from $64.00 to $72.00 and gave the company a "buy" rating in a report on Friday, August 22nd. Finally, Barclays raised their price objective on 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 given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, Altria Group presently has a consensus rating of "Hold" and an average price target of $60.88.

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.