Rehmann Capital Advisory Group Acquires 990 Shares of Altria Group, Inc. $MO

Rehmann Capital Advisory Group boosted its holdings in Altria Group, Inc. (NYSE:MO) by 4.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,814 shares of the company’s stock after acquiring an additional 990 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Altria Group were worth $1,396,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the company. Jacobi Capital Management LLC lifted its position in shares of Altria Group by 0.6% during the 1st quarter. Jacobi Capital Management LLC now owns 26,335 shares of the company’s stock worth $1,581,000 after buying an additional 168 shares in the last quarter. Bar Harbor Wealth Management lifted its position 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 buying an additional 169 shares in the last quarter. Parcion Private Wealth LLC lifted its position in shares of Altria Group by 1.6% during the 2nd quarter. Parcion Private Wealth LLC now owns 11,172 shares of the company’s stock worth $655,000 after buying an additional 172 shares in the last quarter. Vista Investment Partners II LLC lifted 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 worth $258,000 after buying an additional 174 shares in the last quarter. Finally, Wealth Alliance LLC lifted 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 worth $567,000 after buying an additional 174 shares in the last quarter. Institutional investors own 57.41% of the company’s stock.

Analyst Ratings Changes

MO has been the subject of several research analyst reports. Barclays raised their price target on shares of Altria Group from $49.00 to $57.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 6th. Weiss Ratings restated a “buy (b)” rating on shares of Altria Group in a research note on Wednesday, October 8th. Morgan Stanley raised their price target on shares of Altria Group from $57.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 31st. Stifel Nicolaus set a $72.00 price target on shares of Altria Group in a research note on Thursday, August 21st. Finally, Jefferies Financial Group initiated coverage on shares of Altria Group in a research note on Wednesday, July 9th. They set an “underperform” rating and a $50.00 price target for the company. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $62.11.

Altria Group Trading Up 0.9%

Altria Group stock opened at $64.35 on Thursday. Altria Group, Inc. has a 1-year low of $49.58 and a 1-year high of $68.60. The firm has a market capitalization of $108.10 billion, a price-to-earnings ratio of 12.45, a P/E/G ratio of 3.55 and a beta of 0.55. The firm has a 50 day simple moving average of $65.81 and a 200 day simple moving average of $61.56.

Altria Group (NYSE:MO) last released its quarterly earnings data on Wednesday, July 30th. The company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $5.29 billion during the quarter, compared to analyst estimates of $5.21 billion. During the same period in the previous year, the business earned $1.31 EPS. Altria Group’s 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, equities research analysts forecast that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Monday, September 15th were given a dividend of $1.06 per share. This is an increase from Altria Group’s previous quarterly dividend of $1.02. The ex-dividend date was Monday, September 15th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 6.6%. Altria Group’s dividend payout ratio (DPR) is presently 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.