J2 Capital Management Inc Has $437,000 Stock Holdings in Altria Group, Inc. $MO

J2 Capital Management Inc boosted its position in Altria Group, Inc. (NYSE:MO) by 42.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,448 shares of the company’s stock after buying an additional 2,218 shares during the quarter. J2 Capital Management Inc’s holdings in Altria Group were worth $437,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mattson Financial Services LLC acquired a new stake in Altria Group in the 1st quarter valued at approximately $25,000. Global X Japan Co. Ltd. bought a new position in Altria Group in the second quarter valued at approximately $25,000. Carderock Capital Management Inc. bought a new position in Altria Group in the second quarter valued at approximately $26,000. Inlight Wealth Management LLC bought a new position in Altria Group in the first quarter valued at approximately $31,000. Finally, Sierra Ocean LLC grew its stake in Altria Group by 226.3% in the first quarter. Sierra Ocean LLC now owns 509 shares of the company’s stock valued at $31,000 after purchasing an additional 353 shares in the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Stock Performance

Altria Group stock opened at $66.29 on Thursday. Altria Group, Inc. has a 52 week low of $48.86 and a 52 week high of $68.60. The stock has a market capitalization of $111.36 billion, a P/E ratio of 12.82, a price-to-earnings-growth ratio of 3.55 and a beta of 0.55. The stock has a fifty day moving average of $64.95 and a 200-day moving average of $60.81.

Altria Group (NYSE:MO) last posted 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. Altria Group had a negative return on equity of 295.26% and a net margin of 37.24%.The company had revenue of $5.29 billion during the quarter, compared to analysts’ expectations of $5.21 billion. During the same quarter in the previous year, the firm earned $1.31 EPS. Altria Group’s revenue was up .2% on a year-over-year basis. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. On average, research analysts forecast that Altria Group, Inc. will post 5.32 earnings per share for the current 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 issued a $1.06 dividend. This is a boost from Altria Group’s previous quarterly dividend of $1.02. The ex-dividend date is Monday, September 15th. This represents a $4.24 dividend on an annualized basis and a yield of 6.4%. Altria Group’s dividend payout ratio (DPR) is 82.01%.

Analyst Ratings Changes

MO has been the subject of a number of analyst reports. Morgan Stanley raised their price target on Altria Group from $57.00 to $62.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. Jefferies Financial Group initiated coverage on Altria Group in a research note on Wednesday, July 9th. They issued an “underperform” rating and a $50.00 price target for the company. Bank of America raised their price target on Altria Group from $64.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, August 22nd. Barclays raised 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. Finally, Stifel Nicolaus set a $72.00 price target on Altria Group in a research note on Thursday, August 21st. Two investment 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’s stock. Based on data from MarketBeat, Altria Group presently has an average rating of “Hold” and a consensus price target of $60.88.

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.