Quantbot Technologies LP acquired a new position in Altria Group, Inc. (NYSE:MO – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 9,162 shares of the company’s stock, valued at approximately $659,000.
Several other institutional investors have also recently made changes to their positions in MO. Comprehensive Financial Planning Inc. PA acquired a new stake in Altria Group during the 2nd quarter worth about $26,000. Darwin Wealth Management LLC acquired a new position in shares of Altria Group in the 2nd quarter valued at about $27,000. Navalign LLC purchased a new stake in shares of Altria Group in the fourth quarter worth about $28,000. Hughes Financial Services LLC boosted its stake in shares of Altria Group by 62.9% in the fourth quarter. Hughes Financial Services LLC now owns 510 shares of the company’s stock worth $29,000 after buying an additional 197 shares during the last quarter. Finally, Miller Capital Partners Inc. purchased a new stake in shares of Altria Group in the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 57.41% of the company’s stock.
Analysts Set New Price Targets
Several brokerages recently weighed in on MO. Barclays reduced their price target on Altria Group from $64.00 to $58.00 and set an “underweight” rating for the company in a research report on Tuesday, August 11th. Morgan Stanley set a $71.00 price objective on Altria Group in a research report on Friday, May 1st. Wall Street Zen cut shares of Altria Group from a “buy” rating to a “hold” rating in a research note on Sunday, June 21st. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Altria Group from $60.00 to $66.00 and gave the company a “hold” rating in a report on Monday, May 4th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $77.00 target price on shares of Altria Group in a research note on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $70.11.
Altria Group Stock Down 2.1%
NYSE:MO opened at $67.66 on Friday. Altria Group, Inc. has a 52 week low of $54.70 and a 52 week high of $77.06. The stock has a market capitalization of $112.97 billion, a PE ratio of 14.27, a price-to-earnings-growth ratio of 2.45 and a beta of 0.46. The stock’s 50-day moving average price is $70.11 and its 200-day moving average price is $68.95.
Altria Group (NYSE:MO – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.02). The business had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.35 billion. Altria Group had a negative return on equity of 315.29% and a net margin of 33.99%.The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.44 EPS. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. Sell-side analysts expect that Altria Group, Inc. will post 5.67 earnings per share for the current fiscal year.
Altria Group Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $1.11 per share. This represents a $4.44 annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend is Tuesday, September 15th. This is a positive change from Altria Group’s previous quarterly dividend of $1.06. Altria Group’s dividend payout ratio is currently 89.45%.
About Altria Group
Altria Group, Inc (NYSE: MO) is a U.S.-based consumer goods company whose principal business is the manufacture and sale of tobacco products. Headquartered in Richmond, Virginia, the company’s operations are focused primarily on the U.S. market and include the production, marketing and distribution of cigarettes, smokeless tobacco and cigars. Its flagship cigarette franchise in the United States is sold through its operating subsidiaries and is among the most recognizable cigarette brands in the country.
Altria’s principal operating businesses include Philip Morris USA (cigarettes), U.S.
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