US Bancorp DE Has $34.31 Million Stock Holdings in Altria Group, Inc. $MO

Key Points

• US Bancorp DE increased its holdings in Altria Group, Inc. by 2.7%, owning 585,208 shares worth approximately $34.31 million as of the latest SEC filing.
• Altria Group recently declared a quarterly dividend of $1.06 per share, marking an increase from the previous quarterly dividend of $1.02, yielding 6.4%.
• Wall Street analysts have positive sentiment toward Altria Group, with several firms setting a target price of $72.00 and a consensus rating of "Hold."

US Bancorp DE increased its position in shares of Altria Group, Inc. (NYSE:MO - Free Report) by 2.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 585,208 shares of the company's stock after acquiring an additional 15,475 shares during the period. US Bancorp DE's holdings in Altria Group were worth $34,311,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in MO. Brighton Jones LLC boosted its position in shares of Altria Group by 64.7% during the 4th quarter. Brighton Jones LLC now owns 17,702 shares of the company's stock worth $926,000 after acquiring an additional 6,954 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Altria Group by 17.8% during the 1st quarter. GAMMA Investing LLC now owns 36,028 shares of the company's stock worth $2,162,000 after acquiring an additional 5,440 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Altria Group by 903.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 435,182 shares of the company's stock worth $26,120,000 after acquiring an additional 391,819 shares in the last quarter. Simon Quick Advisors LLC boosted its position in shares of Altria Group by 10.5% during the 1st quarter. Simon Quick Advisors LLC now owns 11,531 shares of the company's stock worth $692,000 after acquiring an additional 1,098 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of Altria Group by 7.9% during the 1st quarter. Fifth Third Bancorp now owns 78,321 shares of the company's stock worth $4,701,000 after acquiring an additional 5,764 shares in the last quarter. Institutional investors and hedge funds own 57.41% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on MO shares. Weiss Ratings reiterated a "buy (b)" rating on shares of Altria Group in a research report on Wednesday. Stifel Nicolaus set a $72.00 target price on shares of Altria Group in a research report on Thursday, August 21st. Bank of America raised their target price on shares of Altria Group from $64.00 to $72.00 and gave the company a "buy" rating in a research report on Friday, August 22nd. The Goldman Sachs Group raised their target price on shares of Altria Group from $65.00 to $72.00 and gave the company a "buy" rating in a research report on Wednesday, October 1st. Finally, Barclays raised their target price on shares of Altria Group from $49.00 to $57.00 and gave the company an "underweight" rating in a research report on Wednesday, August 6th. Four 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. Based on data from MarketBeat, Altria Group currently has a consensus rating of "Hold" and a consensus price target of $62.11.

Altria Group Stock Performance

Shares of NYSE:MO opened at $66.54 on Friday. The firm has a market cap of $111.78 billion, a PE ratio of 12.87, a price-to-earnings-growth ratio of 3.66 and a beta of 0.55. The firm's fifty day moving average is $65.72 and its 200-day moving average is $61.20. Altria Group, Inc. has a 52 week low of $48.86 and a 52 week high of $68.60.

Altria Group (NYSE:MO - Get Free Report) last issued 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. The company had revenue of $5.29 billion for the quarter, compared to analyst estimates of $5.21 billion. Altria Group had a net margin of 37.24% and a negative return on equity of 295.26%. Altria Group's revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.31 earnings per share. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. Sell-side analysts forecast that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Monday, September 15th were issued a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a dividend yield of 6.4%. This is a boost from Altria Group's previous quarterly dividend of $1.02. The ex-dividend date was Monday, September 15th. Altria Group's dividend payout ratio (DPR) is presently 82.01%.

Altria Group 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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