7,275 Shares in Altria Group, Inc. $MO Bought by BridgePort Financial Solutions LLC

BridgePort Financial Solutions LLC purchased a new position in Altria Group, Inc. (NYSE:MO) in the second quarter, Holdings Channel.com reports. The firm purchased 7,275 shares of the company’s stock, valued at approximately $427,000.

Other large investors have also made changes to their positions in the company. Mattson Financial Services LLC purchased a new stake in Altria Group during the 1st quarter valued at approximately $25,000. Global X Japan Co. Ltd. bought a new position in shares of Altria Group during the second quarter worth $25,000. Carderock Capital Management Inc. bought a new position in shares of Altria Group during the second quarter worth $26,000. Inlight Wealth Management LLC purchased a new position in Altria Group during the first quarter valued at $31,000. Finally, Sierra Ocean LLC increased its holdings 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 last quarter. 57.41% of the stock is currently owned by hedge funds and other institutional investors.

Altria Group Price Performance

NYSE:MO opened at $65.70 on Friday. The firm has a market capitalization of $110.38 billion, a price-to-earnings ratio of 12.71, a PEG ratio of 3.53 and a beta of 0.55. The business has a 50 day simple moving average of $65.19 and a 200-day simple moving average of $60.93. Altria Group, Inc. has a 1 year low of $48.86 and a 1 year high of $68.60.

Altria Group (NYSE:MO) last released its quarterly earnings results on Wednesday, July 30th. The company reported $1.44 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $5.21 billion. During the same quarter in the prior year, the firm posted $1.31 EPS. Altria Group’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. As a group, analysts expect that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 15th will be paid a $1.06 dividend. The ex-dividend date of this dividend is Monday, September 15th. This is an increase from Altria Group’s previous quarterly dividend of $1.02. This represents a $4.24 annualized dividend and a yield of 6.5%. Altria Group’s payout ratio is 82.01%.

Wall Street Analyst Weigh In

MO has been the subject of several research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Altria Group in a report on Saturday, September 27th. Bank of America increased 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. Jefferies Financial Group started coverage on Altria Group in a research note on Wednesday, July 9th. They issued an “underperform” rating and a $50.00 price objective on the stock. Barclays upped their price objective on Altria Group from $49.00 to $57.00 and gave the stock an “underweight” rating in a report on Wednesday, August 6th. Finally, Morgan Stanley raised their target price on shares of Altria Group from $57.00 to $62.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $62.11.

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.