Sequoia Financial Advisors LLC Buys 29,001 Shares of Altria Group, Inc. $MO

by · The Cerbat Gem

Sequoia Financial Advisors LLC lifted its stake in Altria Group, Inc. (NYSE:MO – Free Report) by 33.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 114,851 shares of the company’s stock after purchasing an additional 29,001 shares during the period. Sequoia Financial Advisors LLC’s holdings in Altria Group were worth $7,587,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Global X Japan Co. Ltd. bought a new position in Altria Group in the 2nd quarter valued at $25,000. Darwin Wealth Management LLC acquired a new position in shares of Altria Group during the second quarter valued at $27,000. Country Trust Bank lifted its stake in shares of Altria Group by 400.0% during the second quarter. Country Trust Bank now owns 500 shares of the company’s stock valued at $29,000 after acquiring an additional 400 shares during the period. Anfield Capital Management LLC boosted its holdings in Altria Group by 334.7% in the second quarter. Anfield Capital Management LLC now owns 539 shares of the company’s stock valued at $32,000 after acquiring an additional 415 shares during the last quarter. Finally, Winnow Wealth LLC bought a new position in Altria Group in the second quarter valued at about $35,000. Institutional investors own 57.41% of the company’s stock.

Altria Group Price Performance

Shares of MO stock opened at $61.84 on Monday. The stock has a market cap of $103.81 billion, a PE ratio of 11.80, a price-to-earnings-growth ratio of 3.43 and a beta of 0.47. The stock has a 50-day moving average of $58.35 and a 200-day moving average of $61.58. Altria Group, Inc. has a one year low of $50.08 and a one year high of $68.60.

Altria Group (NYSE:MO – Get Free Report) last released its quarterly earnings data on Thursday, October 30th. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.01. The business had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.31 billion. Altria Group had a net margin of 37.89% and a negative return on equity of 319.43%. Altria Group’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.38 EPS. Altria Group has set its FY 2025 guidance at 5.370-5.45 EPS. As a group, research analysts anticipate that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 26th were issued a $1.06 dividend. The ex-dividend date of this dividend was Friday, December 26th. This represents a $4.24 annualized dividend and a dividend yield of 6.9%. Altria Group’s payout ratio is 80.92%.

Altria Group declared that its board has authorized a stock buyback program on Thursday, October 30th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 1.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several analysts have weighed in on MO shares. UBS Group raised Altria Group from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $61.00 to $63.00 in a report on Friday, January 9th. The Goldman Sachs Group lifted their price target on shares of Altria Group from $65.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Altria Group in a research note on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $62.56.

Read Our Latest Report on MO

Altria Group Profile

(Free Report)

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.

Further Reading

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