Robeco Institutional Asset Management B.V. Purchases 15,563 Shares of Altria Group, Inc. $MO

Robeco Institutional Asset Management B.V. lifted its holdings in Altria Group, Inc. (NYSE:MO) by 2.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 711,048 shares of the company’s stock after purchasing an additional 15,563 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Altria Group were worth $41,689,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in MO. Brighton Jones LLC grew 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 valued at $926,000 after acquiring an additional 6,954 shares during the period. Lmcg Investments LLC lifted its position in Altria Group by 28.5% during the first quarter. Lmcg Investments LLC now owns 22,247 shares of the company’s stock valued at $1,335,000 after purchasing an additional 4,933 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Altria Group by 10.4% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,502 shares of the company’s stock valued at $210,000 after purchasing an additional 331 shares during the period. Breakwater Capital Group purchased a new stake in Altria Group in the first quarter worth about $425,000. Finally, Vest Financial LLC raised its stake in shares of Altria Group by 73.5% in the first quarter. Vest Financial LLC now owns 16,696 shares of the company’s stock worth $1,002,000 after buying an additional 7,074 shares during the period. 57.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Altria Group in a research note on Saturday, September 27th. UBS Group upgraded shares of Altria Group from a “sell” rating to a “neutral” rating and upped their price target 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 shares of Altria Group from $64.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, August 22nd. Morgan Stanley lifted their target price on shares of Altria Group from $57.00 to $62.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. Finally, Stifel Nicolaus set a $72.00 target price on shares of Altria Group in a report on Thursday, August 21st. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Altria Group has an average rating of “Hold” and an average target price of $60.88.

Altria Group Stock Performance

MO opened at $65.70 on Friday. The stock has a market capitalization of $110.38 billion, a price-to-earnings ratio of 12.71, a PEG ratio of 3.54 and a beta of 0.55. The company has a fifty day moving average of $65.19 and a 200 day moving average of $60.91. Altria Group, Inc. has a fifty-two week low of $48.86 and a fifty-two week high of $68.60.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.37 by $0.07. The business had revenue of $5.29 billion for the quarter, compared to analysts’ expectations of $5.21 billion. Altria Group had a net margin of 37.24% and a negative return on equity of 295.26%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.31 EPS. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. On average, equities research analysts forecast that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 15th will be issued a dividend of $1.06 per share. The ex-dividend date is Monday, September 15th. 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. Altria Group’s dividend payout ratio (DPR) is 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.