Carr Financial Group Corp Purchases New Stake in Altria Group, Inc. $MO

Key Points

• Carr Financial Group Corp has acquired a new stake in Altria Group, Inc., purchasing 4,110 shares valued at approximately $241,000 during the second quarter.
• Altria recently increased its quarterly dividend to $1.06 per share, representing an annualized dividend of $4.24 and a yield of 6.5%.
• Analyst ratings on Altria stock are mixed, with two analysts giving a Buy, five a Hold, and two a Sell, reflecting cautious sentiment in the market.

Carr Financial Group Corp acquired a new stake in Altria Group, Inc. (NYSE:MO - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,110 shares of the company's stock, valued at approximately $241,000.

Several other institutional investors have also added to or reduced their stakes in MO. Mattson Financial Services LLC bought a new position in shares of Altria Group in the 1st quarter valued at $25,000. Global X Japan Co. Ltd. acquired a new stake in Altria Group in the second quarter valued at about $25,000. Carderock Capital Management Inc. bought a new position in Altria Group in the second quarter valued at about $26,000. Inlight Wealth Management LLC acquired a new position in Altria Group during the first quarter worth about $31,000. Finally, Sierra Ocean LLC lifted its holdings in shares of Altria Group by 226.3% in the first quarter. Sierra Ocean LLC now owns 509 shares of the company's stock worth $31,000 after acquiring an additional 353 shares during the last quarter. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Morgan Stanley upped their price objective on shares of Altria Group from $57.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Bank of America increased their target price on Altria Group from $64.00 to $72.00 and gave the company a "buy" rating in a research report on Friday, August 22nd. UBS Group raised Altria Group from a "sell" rating to a "neutral" rating and upped their price objective for the company from $47.00 to $59.00 in a research note on Wednesday, July 2nd. 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 report on Wednesday, August 6th. Finally, Jefferies Financial Group began coverage on Altria Group in a report on Wednesday, July 9th. They issued an "underperform" rating and a $50.00 price objective for the company. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $60.88.

Altria Group Stock Performance

NYSE:MO opened at $64.83 on Wednesday. Altria Group, Inc. has a 52 week low of $48.86 and a 52 week high of $68.60. The firm's fifty day moving average is $64.13 and its 200-day moving average is $60.53. The firm has a market cap of $108.91 billion, a P/E ratio of 12.54, a P/E/G ratio of 3.43 and a beta of 0.59.

Altria Group (NYSE:MO - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $1.44 earnings per share (EPS) for the quarter, beating 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 business had revenue of $5.29 billion for the quarter, compared to analyst estimates of $5.21 billion. During the same quarter in the previous year, the business earned $1.31 earnings per share. Altria Group's revenue for the quarter was up .2% on a year-over-year basis. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. As a group, sell-side analysts anticipate that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 15th will be issued a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date is Monday, September 15th. This is a positive change from Altria Group's previous quarterly dividend of $1.02. Altria Group's dividend payout ratio (DPR) is currently 82.01%.

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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