Doliver Advisors LP Has $2.10 Million Stock Position in Altria Group, Inc. $MO

Doliver Advisors LP trimmed its position in Altria Group, Inc. (NYSE:MO) by 0.8% in the second quarter, Holdings Channel.com reports. The firm owned 35,804 shares of the company’s stock after selling 289 shares during the period. Altria Group comprises approximately 0.6% of Doliver Advisors LP’s portfolio, making the stock its 28th largest holding. Doliver Advisors LP’s holdings in Altria Group were worth $2,099,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MO. Mattson Financial Services LLC acquired a new stake in Altria Group in the first quarter worth about $25,000. Inlight Wealth Management LLC acquired a new stake in Altria Group in the first quarter worth about $31,000. Sierra Ocean LLC boosted its holdings in Altria Group by 226.3% during the first quarter. Sierra Ocean LLC now owns 509 shares of the company’s stock worth $31,000 after buying an additional 353 shares during the last quarter. Pinney & Scofield Inc. acquired a new position in shares of Altria Group during the 4th quarter worth about $33,000. Finally, TruNorth Capital Management LLC increased its stake in shares of Altria Group by 51.8% in the 1st quarter. TruNorth Capital Management LLC now owns 636 shares of the company’s stock valued at $38,000 after acquiring an additional 217 shares during the last quarter. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MO has been the subject of a number of recent analyst reports. Barclays upped their price target on Altria Group from $49.00 to $57.00 and gave the company an “underweight” rating in a research note on Wednesday, August 6th. UBS Group raised Altria Group from a “sell” rating to a “neutral” rating and upped their price target for the company from $47.00 to $59.00 in a research note on Wednesday, July 2nd. Stifel Nicolaus set a $72.00 price target on Altria Group in a research note on Thursday, August 21st. Jefferies Financial Group initiated coverage on Altria Group in a research note on Wednesday, July 9th. They issued an “underperform” rating and a $50.00 price target for the company. Finally, Morgan Stanley upped their price target on Altria Group from $57.00 to $62.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Altria Group currently has a consensus rating of “Hold” and an average price target of $60.88.

Altria Group Price Performance

NYSE:MO opened at $66.64 on Friday. Altria Group, Inc. has a fifty-two week low of $48.86 and a fifty-two week high of $68.60. The stock has a market capitalization of $111.95 billion, a PE ratio of 12.89, a price-to-earnings-growth ratio of 3.57 and a beta of 0.59. The business’s 50-day simple moving average is $63.28 and its 200-day simple moving average is $60.09.

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 the consensus estimate of $1.37 by $0.07. Altria Group had a negative return on equity of 295.26% and a net margin of 37.24%.The business had revenue of $5.29 billion for the quarter, compared to analysts’ expectations of $5.21 billion. During the same quarter in the previous year, the business posted $1.31 EPS. Altria Group’s revenue for the quarter was up .2% on a year-over-year basis. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. On average, research analysts expect that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 15th will be paid a $1.06 dividend. This represents a $4.24 annualized dividend and a yield of 6.4%. The ex-dividend date is Monday, September 15th. This is a positive change from Altria Group’s previous quarterly dividend of $1.02. Altria Group’s dividend payout ratio (DPR) is presently 78.92%.

Altria Group 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.