Altria Group, Inc. $MO Shares Bought by Savvy Advisors Inc.

by · The Cerbat Gem

Savvy Advisors Inc. raised its holdings in shares of Altria Group, Inc. (NYSE:MO – Free Report) by 13.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,492 shares of the company’s stock after acquiring an additional 2,150 shares during the quarter. Savvy Advisors Inc.’s holdings in Altria Group were worth $1,084,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Brighton Jones LLC raised its holdings in Altria Group by 64.7% during the fourth quarter. Brighton Jones LLC now owns 17,702 shares of the company’s stock worth $926,000 after purchasing an additional 6,954 shares in the last quarter. Keybank National Association OH grew its position in shares of Altria Group by 0.6% in the 1st quarter. Keybank National Association OH now owns 128,607 shares of the company’s stock valued at $7,719,000 after buying an additional 790 shares during the last quarter. Aaron Wealth Advisors LLC grew its position in shares of Altria Group by 20.1% in the 1st quarter. Aaron Wealth Advisors LLC now owns 7,815 shares of the company’s stock valued at $469,000 after buying an additional 1,308 shares during the last quarter. Novem Group raised its stake in Altria Group by 11.8% during the 1st quarter. Novem Group now owns 4,594 shares of the company’s stock worth $276,000 after acquiring an additional 486 shares in the last quarter. Finally, Drum Hill Capital LLC purchased a new stake in Altria Group in the first quarter valued at $211,000. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Stock Performance

Shares of Altria Group stock opened at $57.17 on Friday. Altria Group, Inc. has a one year low of $50.08 and a one year high of $68.60. The company has a market cap of $96.05 billion, a P/E ratio of 11.06, a PEG ratio of 3.45 and a beta of 0.55. The firm has a fifty day moving average of $65.33 and a two-hundred day moving average of $61.86.

Altria Group (NYSE:MO – Get Free Report) last issued its earnings results on Thursday, October 30th. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.01. Altria Group had a net margin of 37.24% and a negative return on equity of 295.26%. The business had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.31 billion. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.38 earnings per share. Altria Group has set its FY 2025 guidance at 5.370-5.45 EPS. As a group, equities analysts predict that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group announced that its board has approved a stock repurchase plan on Thursday, October 30th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the company to repurchase up to 1.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Altria Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Monday, September 15th were paid a dividend of $1.06 per share. This is a positive change from Altria Group’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend was Monday, September 15th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 7.4%. Altria Group’s dividend payout ratio (DPR) is currently 82.01%.

Wall Street Analyst Weigh In

MO has been the topic of several research reports. Jefferies Financial Group initiated coverage on Altria Group in a report on Wednesday, July 9th. They set an “underperform” rating and a $50.00 price objective on the stock. Morgan Stanley raised their price target on Altria Group from $57.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 31st. Barclays boosted their price objective on Altria Group from $49.00 to $57.00 and gave the company an “underweight” rating in a research note on Wednesday, August 6th. Bank of America raised their target price 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. Finally, Stifel Nicolaus set a $72.00 price target on shares of Altria Group in a research report on Thursday, August 21st. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $62.11.

Check Out Our Latest Analysis on Altria Group

Altria Group Company Profile

(Free Report)

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.

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