ORG Partners LLC Has $1.47 Million Stake in Altria Group, Inc. $MO

Key Points

• ORG Partners LLC increased its stake in Altria Group by 36.9% in the second quarter, holding shares worth approximately $1.47 million at the end of the period.
• Altria Group's latest earnings report showed $1.44 earnings per share for the quarter, exceeding expectations, and the company announced a quarterly dividend increase to $1.06 per share.
• The stock has a consensus rating of "Hold" with a target price of $60.88, and several analysts have issued varied price objectives recently.

ORG Partners LLC boosted its stake in Altria Group, Inc. (NYSE:MO - Free Report) by 36.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,251 shares of the company's stock after buying an additional 6,811 shares during the quarter. ORG Partners LLC's holdings in Altria Group were worth $1,469,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Jacobi Capital Management LLC boosted its stake in Altria Group by 0.6% in the 1st quarter. Jacobi Capital Management LLC now owns 26,335 shares of the company's stock valued at $1,581,000 after buying an additional 168 shares in the last quarter. Vista Investment Partners II LLC boosted its stake in Altria Group by 4.2% in the 1st quarter. Vista Investment Partners II LLC now owns 4,302 shares of the company's stock valued at $258,000 after buying an additional 174 shares in the last quarter. Wealth Alliance LLC boosted its stake in Altria Group by 1.9% in the 1st quarter. Wealth Alliance LLC now owns 9,452 shares of the company's stock valued at $567,000 after buying an additional 174 shares in the last quarter. Patten & Patten Inc. TN boosted its stake in Altria Group by 1.5% in the 1st quarter. Patten & Patten Inc. TN now owns 12,049 shares of the company's stock valued at $723,000 after buying an additional 174 shares in the last quarter. Finally, Baron Silver Stevens Financial Advisors LLC boosted its stake in Altria Group by 2.7% in the 1st quarter. Baron Silver Stevens Financial Advisors LLC now owns 6,762 shares of the company's stock valued at $406,000 after buying an additional 175 shares in the last quarter. Institutional investors and hedge funds own 57.41% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Jefferies Financial Group assumed coverage on Altria Group in a research note on Wednesday, July 9th. They issued an "underperform" rating and a $50.00 price objective on the stock. Stifel Nicolaus set a $72.00 price objective on Altria Group in a research note on Thursday, August 21st. Barclays boosted their price objective on Altria Group from $49.00 to $57.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 6th. Morgan Stanley boosted their price objective on Altria Group from $57.00 to $62.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Finally, UBS Group raised Altria Group from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $47.00 to $59.00 in a research note on Wednesday, July 2nd. Two equities research 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. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $60.88.

Altria Group Stock Up 0.7%

MO stock opened at $65.67 on Friday. The company has a market cap of $110.32 billion, a P/E ratio of 12.70, a PEG ratio of 3.51 and a beta of 0.59. Altria Group, Inc. has a twelve month low of $48.86 and a twelve month high of $68.60. The business has a fifty day moving average of $64.55 and a 200-day moving average of $60.65.

Altria Group (NYSE:MO - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $1.44 earnings per share for the quarter, topping analysts' consensus estimates of $1.37 by $0.07. The company had revenue of $5.29 billion during 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%.The firm's quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.31 earnings per share. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. As a group, equities research analysts anticipate that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Increases Dividend

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

Want to see what other hedge funds are holding MO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Altria Group, Inc. (NYSE:MO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.