MGO One Seven LLC Increases Holdings in Altria Group, Inc. $MO

Key Points

• MGO One Seven LLC increased its holdings in Altria Group, Inc. by 11.9% during Q2, now owning 53,503 shares valued at $3.14 million.
• Altria recently declared a quarterly dividend of $1.06 per share, up from the previous $1.02, representing a 6.5% dividend yield.
• Equity analysts upgraded Altria's price targets, with several firms setting targets between $57.00 and $72.00, while the stock currently has a consensus rating of "Hold".

MGO One Seven LLC grew its holdings in shares of Altria Group, Inc. (NYSE:MO - Free Report) by 11.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,503 shares of the company's stock after buying an additional 5,686 shares during the quarter. MGO One Seven LLC's holdings in Altria Group were worth $3,137,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in Altria Group by 64.7% during the 4th quarter. Brighton Jones LLC now owns 17,702 shares of the company's stock valued at $926,000 after buying an additional 6,954 shares during the period. GAMMA Investing LLC raised its holdings in Altria Group by 17.8% during the 1st quarter. GAMMA Investing LLC now owns 36,028 shares of the company's stock valued at $2,162,000 after buying an additional 5,440 shares during the period. NorthCrest Asset Manangement LLC raised its stake in shares of Altria Group by 88.5% in the first quarter. NorthCrest Asset Manangement LLC now owns 8,536 shares of the company's stock valued at $512,000 after acquiring an additional 4,007 shares during the period. Tritonpoint Wealth LLC raised its stake in shares of Altria Group by 14.6% in the first quarter. Tritonpoint Wealth LLC now owns 4,308 shares of the company's stock valued at $263,000 after acquiring an additional 550 shares during the period. Finally, Sound Income Strategies LLC raised its stake in shares of Altria Group by 30.8% in the first quarter. Sound Income Strategies LLC now owns 5,107 shares of the company's stock valued at $307,000 after acquiring an additional 1,203 shares during the period. 57.41% of the stock is currently owned by hedge funds and other institutional investors.

Altria Group Stock Performance

Shares of NYSE:MO opened at $64.92 on Tuesday. The firm's 50 day simple moving average is $65.78 and its 200-day simple moving average is $61.29. The firm has a market cap of $109.07 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 3.70 and a beta of 0.55. Altria Group, Inc. has a one year low of $48.86 and a one year high of $68.60.

Altria Group (NYSE:MO - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.37 by $0.07. The company had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $5.21 billion. Altria Group had a negative return on equity of 295.26% and a net margin of 37.24%.Altria Group's quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the business posted $1.31 EPS. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. Equities research analysts predict that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.

Altria Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Monday, September 15th were paid a dividend of $1.06 per share. This is an increase from Altria Group's previous quarterly dividend of $1.02. This represents a $4.24 annualized dividend and a dividend yield of 6.5%. The ex-dividend date was Monday, September 15th. Altria Group's payout ratio is 82.01%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MO. Bank of America increased their price objective on shares of Altria Group from $64.00 to $72.00 and gave the stock a "buy" rating in a research report on Friday, August 22nd. 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. The Goldman Sachs Group increased their price target on Altria Group from $65.00 to $72.00 and gave the stock a "buy" rating in a report on Wednesday, October 1st. Barclays increased their price target on Altria Group from $49.00 to $57.00 and gave the stock an "underweight" rating in a report on Wednesday, August 6th. Finally, Stifel Nicolaus set a $72.00 target price on Altria Group in a research note on Thursday, August 21st. Four equities 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. According to MarketBeat.com, Altria Group currently has a consensus rating of "Hold" and an average target price of $62.11.

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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