O ROURKE & COMPANY Inc Purchases 287 Shares of Altria Group, Inc. $MO

O ROURKE & COMPANY Inc raised its position in shares of Altria Group, Inc. (NYSE:MO) by 4.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,407 shares of the company’s stock after acquiring an additional 287 shares during the period. O ROURKE & COMPANY Inc’s holdings in Altria Group were worth $376,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Altria Group by 0.8% during the first quarter. Vanguard Group Inc. now owns 158,117,225 shares of the company’s stock valued at $9,490,196,000 after acquiring an additional 1,300,787 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Altria Group by 5.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 63,288,773 shares of the company’s stock valued at $3,798,592,000 after buying an additional 3,483,487 shares during the period. GQG Partners LLC lifted its stake in shares of Altria Group by 8,146.4% in the first quarter. GQG Partners LLC now owns 18,698,594 shares of the company’s stock valued at $1,122,290,000 after buying an additional 18,471,846 shares during the period. Invesco Ltd. lifted its stake in shares of Altria Group by 3.7% in the first quarter. Invesco Ltd. now owns 12,243,041 shares of the company’s stock valued at $734,827,000 after buying an additional 441,083 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Altria Group by 40.0% in the first quarter. JPMorgan Chase & Co. now owns 11,961,220 shares of the company’s stock valued at $717,913,000 after buying an additional 3,415,237 shares during the period. 57.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus set a $72.00 target price on shares of Altria Group in a research note on Thursday, August 21st. Bank of America increased their target price on shares of Altria Group from $64.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, August 22nd. UBS Group upgraded shares of Altria Group from a “sell” rating to a “neutral” rating and increased their target price for the company from $47.00 to $59.00 in a research note on Wednesday, July 2nd. Jefferies Financial Group assumed coverage on shares of Altria Group in a research note on Wednesday, July 9th. They issued an “underperform” rating and a $50.00 target price for the company. Finally, Barclays increased their target price on shares of Altria Group from $49.00 to $57.00 and gave the company an “underweight” rating in a research note on Wednesday, August 6th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $60.88.

Altria Group Stock Up 0.7%

NYSE:MO opened at $66.10 on Wednesday. Altria Group, Inc. has a 12-month low of $48.86 and a 12-month high of $68.60. The firm has a market capitalization of $111.04 billion, a PE ratio of 12.79, a price-to-earnings-growth ratio of 3.53 and a beta of 0.59. The firm has a 50-day moving average price of $64.82 and a 200 day moving average price of $60.77.

Altria Group (NYSE:MO) last posted its quarterly 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. Altria Group had a net margin of 37.24% and a negative return on equity of 295.26%. The firm had revenue of $5.29 billion during the quarter, compared to analyst estimates of $5.21 billion. During the same quarter in the prior year, the business posted $1.31 earnings per share. The company’s quarterly revenue was up .2% compared to the same quarter last year. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. On average, research analysts expect that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Monday, September 15th will be issued a dividend of $1.06 per share. The ex-dividend date of this dividend is Monday, September 15th. This is a positive change from Altria Group’s previous quarterly dividend of $1.02. This represents a $4.24 annualized dividend and a dividend yield of 6.4%. Altria Group’s dividend payout ratio (DPR) is 82.01%.

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.