Vantage Point Financial LLC acquired a new position in shares of Altria Group, Inc. (NYSE:MO - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,082 shares of the company's stock, valued at approximately $239,000.
Other large investors have also added to or reduced their stakes in the company. Mattson Financial Services LLC bought a new stake in Altria Group in the 1st quarter valued at $25,000. Global X Japan Co. Ltd. bought a new stake in Altria Group in the 2nd quarter valued at $25,000. Carderock Capital Management Inc. bought a new stake in Altria Group in the 2nd quarter valued at $26,000. Sierra Ocean LLC raised its stake in Altria Group by 226.3% in the 1st quarter. Sierra Ocean LLC now owns 509 shares of the company's stock valued at $31,000 after acquiring an additional 353 shares during the period. Finally, Inlight Wealth Management LLC bought a new stake in Altria Group in the 1st quarter valued at $31,000. Institutional investors own 57.41% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the company. Barclays increased their price target on Altria Group from $49.00 to $57.00 and gave the company an "underweight" rating in a research note on Wednesday, August 6th. UBS Group upgraded Altria Group from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $47.00 to $59.00 in a research report on Wednesday, July 2nd. Bank of America increased their price objective on Altria Group from $64.00 to $72.00 and gave the stock a "buy" rating in a research report on Friday, August 22nd. Morgan Stanley increased their price objective on Altria Group from $57.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Altria Group in a research report on Wednesday. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $62.11.
Read Our Latest Analysis on MO
Altria Group Stock Performance
MO opened at $65.72 on Friday. The firm has a market cap of $110.40 billion, a P/E ratio of 12.71, a price-to-earnings-growth ratio of 3.52 and a beta of 0.55. Altria Group, Inc. has a 52-week low of $48.86 and a 52-week high of $68.60. The business's fifty day moving average is $65.62 and its 200-day moving average is $61.13.
Altria Group (NYSE:MO - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $1.44 earnings per share (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 analyst estimates 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 in the prior year, the firm posted $1.31 EPS. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. On average, research analysts predict that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.
Altria Group Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Investors 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%. This is a boost from Altria Group's previous quarterly dividend of $1.02. The ex-dividend date of this dividend is Monday, September 15th. Altria Group's payout ratio is 82.01%.
Altria Group Profile
(
Free Report)
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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