Tectonic Advisors LLC Acquires 13,940 Shares of Altria Group, Inc. $MO

Key Points

• Tectonic Advisors LLC has increased its shareholding in Altria Group by 8.0%, holding a total of 188,407 shares worth approximately $11 million.
• Altria Group reported a quarterly earnings per share (EPS) of $1.44, surpassing consensus estimates, and anticipates FY 2025 EPS guidance between 5.350-5.450.
• The company has declared a quarterly dividend of $1.06, reflecting a 6.5% yield, which is an increase from its previous dividend of $1.02.

Tectonic Advisors LLC increased its holdings in shares of Altria Group, Inc. (NYSE:MO - Free Report) by 8.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 188,407 shares of the company's stock after purchasing an additional 13,940 shares during the quarter. Tectonic Advisors LLC's holdings in Altria Group were worth $11,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Maryland State Retirement & Pension System lifted its holdings in shares of Altria Group by 3.4% during the second quarter. Maryland State Retirement & Pension System now owns 81,991 shares of the company's stock valued at $4,807,000 after purchasing an additional 2,688 shares in the last quarter. Optas LLC lifted its holdings in shares of Altria Group by 22.4% during the second quarter. Optas LLC now owns 4,516 shares of the company's stock valued at $265,000 after purchasing an additional 825 shares in the last quarter. Fluent Financial LLC bought a new position in shares of Altria Group during the second quarter valued at $1,402,000. Bar Harbor Wealth Management lifted its holdings in shares of Altria Group by 3.1% during the second quarter. Bar Harbor Wealth Management now owns 5,656 shares of the company's stock valued at $332,000 after purchasing an additional 169 shares in the last quarter. Finally, TI Trust Inc. lifted its holdings in shares of Altria Group by 140.5% during the second quarter. TI Trust Inc. now owns 31,205 shares of the company's stock valued at $1,830,000 after purchasing an additional 18,230 shares in the last quarter. 57.41% of the stock is owned by institutional investors.

Altria Group Stock Down 1.9%

NYSE MO opened at $65.41 on Thursday. The stock's 50-day moving average price is $65.54 and its 200-day moving average price is $61.07. Altria Group, Inc. has a 52 week low of $48.86 and a 52 week high of $68.60. The company has a market capitalization of $109.88 billion, a P/E ratio of 12.65, a price-to-earnings-growth ratio of 3.58 and a beta of 0.55.

Altria Group (NYSE:MO - Get Free Report) last posted 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. Altria Group had a negative return on equity of 295.26% and a net margin of 37.24%.The firm had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $5.21 billion. During the same quarter last year, the company earned $1.31 earnings per share. The business'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. Research analysts anticipate that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Monday, September 15th will be paid a $1.06 dividend. This represents a $4.24 annualized dividend and a dividend yield of 6.5%. 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. Altria Group's dividend payout ratio is 82.01%.

Analyst Ratings Changes

MO has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Altria Group in a report on Wednesday. UBS Group upgraded Altria Group from a "sell" rating to a "neutral" rating and upped their price objective for the company from $47.00 to $59.00 in a research report on Wednesday, July 2nd. Stifel Nicolaus set a $72.00 price objective on Altria Group in a research report on Thursday, August 21st. Morgan Stanley upped their price objective on Altria Group from $57.00 to $62.00 and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Finally, Bank of America upped their price objective on Altria Group from $64.00 to $72.00 and gave the company a "buy" rating in a research report on Friday, August 22nd. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $62.11.

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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