One Plus One Wealth Management LLC Purchases Shares of 10,169 Altria Group, Inc. $MO

Key Points

• One Plus One Wealth Management LLC acquired 10,169 shares of Altria Group, valued at approximately $596,000, signaling increased interest in the company.
• Altria Group reported a quarterly earnings per share of $1.44, exceeding expectations, and achieved a revenue of $5.29 billion, up 0.2% from the previous year.
• The company declared a quarterly dividend of $1.06, marking an increase from the prior dividend and providing a yield of 6.5% for shareholders.

One Plus One Wealth Management LLC purchased a new stake in shares of Altria Group, Inc. (NYSE:MO - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,169 shares of the company's stock, valued at approximately $596,000.

A number of other large investors have also made changes to their positions in MO. Mattson Financial Services LLC bought a new stake in shares of Altria Group during the 1st quarter valued at about $25,000. Global X Japan Co. Ltd. bought a new stake in shares of Altria Group during the 2nd quarter valued at about $25,000. Carderock Capital Management Inc. bought a new stake in shares of Altria Group during the 2nd quarter valued at about $26,000. Inlight Wealth Management LLC bought a new stake in shares of Altria Group during the 1st quarter valued at about $31,000. Finally, Sierra Ocean LLC grew its stake in shares of Altria Group by 226.3% during the 1st quarter. Sierra Ocean LLC now owns 509 shares of the company's stock valued at $31,000 after purchasing an additional 353 shares during the period. 57.41% of the stock is currently owned by institutional investors.

Altria Group Price Performance

MO stock opened at $65.67 on Friday. Altria Group, Inc. has a 1-year low of $48.86 and a 1-year high of $68.60. The company has a market capitalization of $110.32 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 3.51 and a beta of 0.59. The business has a 50 day simple moving average of $64.55 and a two-hundred day simple moving average of $60.65.

Altria Group (NYSE:MO - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.44 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $5.29 billion during the quarter, compared to the consensus estimate of $5.21 billion. During the same period in the prior year, the company posted $1.31 EPS. The firm's revenue for the quarter was up .2% compared to the same quarter last year. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. Sell-side analysts anticipate that Altria Group, Inc. will post 5.32 EPS for the current fiscal 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 paid a $1.06 dividend. This represents a $4.24 annualized dividend and a 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 is currently 82.01%.

Analysts Set New Price Targets

MO has been the subject of several analyst reports. Bank of America increased their target price on shares of Altria Group from $64.00 to $72.00 and gave the stock a "buy" rating in a report on Friday, August 22nd. Jefferies Financial Group initiated coverage on shares of Altria Group in a report on Wednesday, July 9th. They issued an "underperform" rating and a $50.00 target price for the company. UBS Group raised shares of 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. Barclays increased their target price 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, Stifel Nicolaus set a $72.00 target price on shares of Altria Group in a report on Thursday, August 21st. Two equities research 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 company has a consensus rating of "Hold" and an average price target of $60.88.

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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