Fiduciary Alliance LLC Purchases 7,978 Shares of Altria Group, Inc. $MO

Fiduciary Alliance LLC lifted its position in Altria Group, Inc. (NYSE:MO - Free Report) by 91.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,737 shares of the company's stock after buying an additional 7,978 shares during the period. Fiduciary Alliance LLC's holdings in Altria Group were worth $981,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Mattson Financial Services LLC bought a new position in Altria Group during the 1st quarter worth about $25,000. Inlight Wealth Management LLC bought a new position in Altria Group during the 1st quarter worth about $31,000. Sierra Ocean LLC increased its holdings in Altria Group by 226.3% during the 1st quarter. Sierra Ocean LLC now owns 509 shares of the company's stock worth $31,000 after purchasing an additional 353 shares in the last quarter. Pinney & Scofield Inc. bought a new position in Altria Group during the 4th quarter worth about $33,000. Finally, TruNorth Capital Management LLC increased its holdings in Altria Group by 51.8% during the 1st quarter. TruNorth Capital Management LLC now owns 636 shares of the company's stock worth $38,000 after purchasing an additional 217 shares in the last quarter. Institutional investors own 57.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Morgan Stanley increased their target price on Altria Group from $57.00 to $62.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. UBS Group upgraded Altria Group from a "sell" rating to a "neutral" rating and increased their target price for the stock from $47.00 to $59.00 in a report on Wednesday, July 2nd. Jefferies Financial Group assumed coverage on Altria Group in a report on Wednesday, July 9th. They set an "underperform" rating and a $50.00 target price for the company. Barclays increased their price objective on shares of Altria Group from $49.00 to $57.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 6th. Finally, Needham & Company LLC upgraded shares of Altria Group to a "hold" rating in a research note on Thursday, May 22nd. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $60.88.

Altria Group Price Performance

Altria Group stock opened at $65.42 on Thursday. The firm has a 50-day moving average of $63.64 and a 200-day moving average of $60.30. Altria Group, Inc. has a one year low of $48.86 and a one year high of $68.60. The company has a market cap of $109.90 billion, a price-to-earnings ratio of 12.65, a P/E/G ratio of 3.49 and a beta of 0.59.

Altria Group (NYSE:MO - Get Free Report) last issued 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 during the quarter, compared to the consensus estimate of $5.21 billion. During the same period last year, the business posted $1.31 EPS. Altria Group's revenue 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 expect that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Increases Dividend

The company also recently announced 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. This is an increase from Altria Group's previous quarterly dividend of $1.02. The ex-dividend date is Monday, September 15th. This represents a $4.24 annualized dividend and a yield of 6.5%. Altria Group's dividend payout ratio (DPR) is 82.01%.

About Altria Group

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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