GC Wealth Management RIA LLC Makes New Investment in Altria Group, Inc. $MO

Key Points

• GC Wealth Management RIA LLC has made a new investment in Altria Group, acquiring 6,987 shares valued at approximately $410,000.
• Altria Group has declared a quarterly dividend increase to $1.06 per share, which reflects an annualized dividend of $4.24 and a yield of 6.4%.
• For the latest quarter, Altria Group reported an EPS of $1.44, exceeding analysts' expectations, with revenue totaling $5.29 billion.

GC Wealth Management RIA LLC bought a new position in shares of Altria Group, Inc. (NYSE:MO - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 6,987 shares of the company's stock, valued at approximately $410,000.

A number of other large investors have also recently added to or reduced their stakes in MO. Jacobi Capital Management LLC boosted its stake in shares of 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 acquiring an additional 168 shares during the period. Vista Investment Partners II LLC lifted its holdings in Altria Group by 4.2% during the 1st quarter. Vista Investment Partners II LLC now owns 4,302 shares of the company's stock worth $258,000 after purchasing an additional 174 shares during the last quarter. Wealth Alliance LLC lifted its holdings in Altria Group by 1.9% during the 1st quarter. Wealth Alliance LLC now owns 9,452 shares of the company's stock worth $567,000 after purchasing an additional 174 shares during the last quarter. Patten & Patten Inc. TN lifted its holdings in Altria Group by 1.5% during the 1st quarter. Patten & Patten Inc. TN now owns 12,049 shares of the company's stock worth $723,000 after purchasing an additional 174 shares during the last quarter. Finally, Baron Silver Stevens Financial Advisors LLC lifted its holdings in Altria Group by 2.7% during the 1st quarter. Baron Silver Stevens Financial Advisors LLC now owns 6,762 shares of the company's stock worth $406,000 after purchasing an additional 175 shares during the last quarter. Institutional investors own 57.41% of the company's stock.

Altria Group Stock Performance

Altria Group stock opened at $66.29 on Thursday. Altria Group, Inc. has a 52 week low of $48.86 and a 52 week high of $68.60. The stock has a market capitalization of $111.36 billion, a P/E ratio of 12.82, a price-to-earnings-growth ratio of 3.55 and a beta of 0.55. The stock has a fifty day moving average of $64.95 and a 200-day moving average of $60.81.

Altria Group (NYSE:MO - Get Free Report) last posted 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. Altria Group had a negative return on equity of 295.26% and a net margin of 37.24%.The company had revenue of $5.29 billion during the quarter, compared to analysts' expectations of $5.21 billion. During the same quarter in the previous year, the firm earned $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. On average, research analysts forecast 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. Stockholders of record on Monday, September 15th will be issued a dividend of $1.06 per share. This is an increase from Altria Group's previous quarterly dividend of $1.02. The ex-dividend date of this dividend is Monday, September 15th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 6.4%. Altria Group's payout ratio is presently 82.01%.

Analyst Ratings Changes

MO has been the subject of several research reports. Jefferies Financial Group initiated coverage on Altria Group in a report on Wednesday, July 9th. They set an "underperform" rating and a $50.00 price target for the company. UBS Group raised 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 report on Wednesday, July 2nd. Barclays lifted their price objective on Altria Group from $49.00 to $57.00 and gave the company an "underweight" rating in a report on Wednesday, August 6th. Stifel Nicolaus set a $72.00 price objective on Altria Group in a report on Thursday, August 21st. Finally, Morgan Stanley lifted their price objective on Altria Group from $57.00 to $62.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Altria Group presently has an average rating of "Hold" and an average target price of $60.88.

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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