Jacobsen Capital Management Buys New Stake in Altria Group, Inc. $MO

Jacobsen Capital Management purchased a new stake in Altria Group, Inc. (NYSE:MO) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,435 shares of the company’s stock, valued at approximately $201,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in MO. Jacobi Capital Management LLC grew its position in Altria Group by 0.6% during the first quarter. Jacobi Capital Management LLC now owns 26,335 shares of the company’s stock valued at $1,581,000 after buying an additional 168 shares during the period. Bar Harbor Wealth Management boosted its stake in shares of Altria Group by 3.1% during the 2nd quarter. Bar Harbor Wealth Management now owns 5,656 shares of the company’s stock worth $332,000 after acquiring an additional 169 shares in the last quarter. Vista Investment Partners II LLC grew its position in shares of Altria Group by 4.2% during the 1st quarter. Vista Investment Partners II LLC now owns 4,302 shares of the company’s stock valued at $258,000 after acquiring an additional 174 shares during the period. Wealth Alliance LLC grew its position in shares of Altria Group by 1.9% during the 1st quarter. Wealth Alliance LLC now owns 9,452 shares of the company’s stock valued at $567,000 after acquiring an additional 174 shares during the period. Finally, Patten & Patten Inc. TN increased its stake in shares of Altria Group by 1.5% in the 1st quarter. Patten & Patten Inc. TN now owns 12,049 shares of the company’s stock valued at $723,000 after purchasing an additional 174 shares in the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. UBS Group upgraded Altria Group from a “sell” rating to a “neutral” rating and increased their price target for the stock from $47.00 to $59.00 in a research report on Wednesday, July 2nd. Stifel Nicolaus set a $72.00 target price on Altria Group in a research note on Thursday, August 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Altria Group in a research note on Wednesday, October 8th. Morgan Stanley boosted their price target on shares of Altria Group from $57.00 to $62.00 and gave the stock an “equal weight” rating in a report on Thursday, July 31st. Finally, Bank of America upped their price objective on shares of Altria Group from $64.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, August 22nd. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $62.11.

Altria Group Stock Performance

Shares of MO opened at $63.77 on Wednesday. The stock has a 50 day moving average price of $65.83 and a 200 day moving average price of $61.54. Altria Group, Inc. has a one year low of $49.16 and a one year high of $68.60. The stock has a market capitalization of $107.13 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 3.58 and a beta of 0.55.

Altria Group (NYSE:MO) last released its earnings results on Wednesday, July 30th. The company reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.07. The business had revenue of $5.29 billion during the quarter, compared to analyst estimates of $5.21 billion. Altria Group had a net margin of 37.24% and a negative return on equity of 295.26%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.31 earnings per share. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. On average, analysts predict 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 was paid on Friday, October 10th. Shareholders of record on Monday, September 15th were issued a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date was Monday, September 15th. This is a positive change from Altria Group’s previous quarterly dividend of $1.02. Altria Group’s payout ratio is currently 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.