Dynamic Financial Group purchased a new position in shares of Altria Group, Inc. (NYSE:MO - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 6,491 shares of the company's stock, valued at approximately $390,000.
Several other hedge funds have also recently added to or reduced their stakes in MO. GQG Partners LLC raised its holdings in Altria Group by 8,146.4% during the 1st quarter. GQG Partners LLC now owns 18,698,594 shares of the company's stock worth $1,122,290,000 after purchasing an additional 18,471,846 shares during the last quarter. Nuveen LLC bought a new position in Altria Group during the 1st quarter worth approximately $219,141,000. Charles Schwab Investment Management Inc. raised its holdings in Altria Group by 5.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 63,288,773 shares of the company's stock worth $3,798,592,000 after purchasing an additional 3,483,487 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Altria Group by 40.0% in the 1st quarter. JPMorgan Chase & Co. now owns 11,961,220 shares of the company's stock valued at $717,913,000 after acquiring an additional 3,415,237 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Altria Group by 6,969.4% in the 1st quarter. GAMMA Investing LLC now owns 2,162,401 shares of the company's stock valued at $129,787,000 after acquiring an additional 2,131,813 shares in the last quarter. Institutional investors own 57.41% of the company's stock.
Altria Group Stock Up 1.6%
MO stock traded up $1.0350 during midday trading on Wednesday, reaching $67.5950. 6,568,030 shares of the company's stock traded hands, compared to its average volume of 9,143,738. The company has a market cap of $113.55 billion, a price-to-earnings ratio of 13.06, a P/E/G ratio of 3.55 and a beta of 0.59. The firm's fifty day moving average price is $60.61 and its 200-day moving average price is $58.50. Altria Group, Inc. has a 52 week low of $48.86 and a 52 week high of $67.87.
Altria Group (NYSE:MO - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $1.44 EPS for the quarter, beating analysts' consensus estimates of $1.37 by $0.07. The business had revenue of $5.29 billion during the quarter, compared to analyst estimates of $5.21 billion. Altria Group had a net margin of 37.24% and a negative return on equity of 295.26%. Altria Group's quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.31 EPS. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. Analysts forecast that Altria Group, Inc. will post 5.32 earnings per share for the current year.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on MO shares. UBS Group upgraded shares of Altria Group from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $47.00 to $59.00 in a research note on Wednesday, July 2nd. Stifel Nicolaus lifted their price objective on shares of Altria Group from $63.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Barclays lifted their price objective on shares of Altria Group from $49.00 to $57.00 and gave the company an "underweight" rating in a research note on Wednesday, August 6th. Jefferies Financial Group started coverage on shares of Altria Group in a research note on Wednesday, July 9th. They issued an "underperform" rating and a $50.00 price objective for the company. Finally, Morgan Stanley lifted their price objective on shares of Altria Group from $57.00 to $62.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, Altria Group currently has a consensus rating of "Hold" and an average price target of $59.13.
Read Our Latest Research Report on Altria Group
About Altria Group
(
Free Report)
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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