Altria Group, Inc. $MO Shares Acquired by Wagner Wealth Management LLC

Wagner Wealth Management LLC grew its holdings in shares of Altria Group, Inc. (NYSE:MO) by 7.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 16,513 shares of the company’s stock after acquiring an additional 1,091 shares during the quarter. Wagner Wealth Management LLC’s holdings in Altria Group were worth $968,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its stake in shares of Altria Group by 64.7% in the 4th quarter. Brighton Jones LLC now owns 17,702 shares of the company’s stock valued at $926,000 after purchasing an additional 6,954 shares during the period. Wellington Management Group LLP grew its position in Altria Group by 15.9% during the 4th quarter. Wellington Management Group LLP now owns 263,131 shares of the company’s stock worth $13,759,000 after acquiring an additional 36,167 shares during the last quarter. Versant Capital Management Inc boosted its position in Altria Group by 72.2% during the first quarter. Versant Capital Management Inc now owns 5,064 shares of the company’s stock valued at $304,000 after acquiring an additional 2,123 shares during the last quarter. Legacy Private Trust Co. acquired a new position in shares of Altria Group during the first quarter valued at about $1,128,000. Finally, Moody National Bank Trust Division grew its position in Altria Group by 3.7% in the 1st quarter. Moody National Bank Trust Division now owns 24,474 shares of the company’s stock worth $1,469,000 after purchasing an additional 876 shares in the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Trading Up 0.7%

Altria Group stock opened at $65.67 on Friday. Altria Group, Inc. has a 1-year low of $48.86 and a 1-year high of $68.60. The firm has a market cap of $110.32 billion, a P/E ratio of 12.70, a P/E/G ratio of 3.53 and a beta of 0.59. The firm has a 50-day moving average of $64.55 and a 200-day moving average of $60.67.

Altria Group (NYSE:MO) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.44 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $5.21 billion. During the same quarter last year, the company posted $1.31 earnings per share. The business’s quarterly revenue was up .2% on a year-over-year basis. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. Research analysts forecast that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 15th will be given a $1.06 dividend. This represents a $4.24 annualized dividend and a yield of 6.5%. This is a positive change from Altria Group’s previous quarterly dividend of $1.02. The ex-dividend date is Monday, September 15th. Altria Group’s dividend payout ratio (DPR) is presently 82.01%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Morgan Stanley boosted 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. Barclays lifted their price objective on shares of Altria Group from $49.00 to $57.00 and gave the company an “underweight” rating in a report on Wednesday, August 6th. Bank of America boosted 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. Stifel Nicolaus set a $72.00 target price on shares of Altria Group in a report on Thursday, August 21st. Finally, UBS Group upgraded shares of Altria Group from a “sell” rating to a “neutral” rating and increased their price target for the company from $47.00 to $59.00 in a research note on Wednesday, July 2nd. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $60.88.

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.