Altria Group, Inc. $MO Shares Bought by Moss Adams Wealth Advisors LLC

Moss Adams Wealth Advisors LLC increased its stake in Altria Group, Inc. (NYSE:MO) by 27.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,827 shares of the company’s stock after purchasing an additional 1,047 shares during the period. Moss Adams Wealth Advisors LLC’s holdings in Altria Group were worth $288,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Mattson Financial Services LLC acquired a new stake in Altria Group in the 1st quarter worth approximately $25,000. Global X Japan Co. Ltd. acquired a new stake in Altria Group in the 2nd quarter worth approximately $25,000. Carderock Capital Management Inc. acquired a new stake in Altria Group in the 2nd quarter worth approximately $26,000. Inlight Wealth Management LLC acquired a new stake in Altria Group in the 1st quarter worth approximately $31,000. Finally, Sierra Ocean LLC boosted its stake in Altria Group by 226.3% in the 1st quarter. Sierra Ocean LLC now owns 509 shares of the company’s stock worth $31,000 after purchasing an additional 353 shares in the last quarter. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MO has been the subject of a number of recent analyst reports. Bank of America lifted their target price on shares of Altria Group from $64.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, August 22nd. Jefferies Financial Group started coverage on shares of Altria Group in a research note on Wednesday, July 9th. They set an “underperform” rating and a $50.00 price objective for the company. Morgan Stanley lifted their price objective on shares of Altria Group from $57.00 to $62.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. Stifel Nicolaus set a $72.00 price objective on shares of Altria Group in a research note on Thursday, August 21st. Finally, 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 research note on Wednesday, August 6th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Altria Group presently has a consensus rating of “Hold” and a consensus price target of $60.88.

Altria Group Price Performance

MO opened at $65.58 on Tuesday. The firm has a fifty day moving average price of $64.68 and a 200 day moving average price of $60.73. Altria Group, Inc. has a 1 year low of $48.86 and a 1 year high of $68.60. The stock has a market cap of $110.17 billion, a P/E ratio of 12.68, a P/E/G ratio of 3.53 and a beta of 0.59.

Altria Group (NYSE:MO) last posted its earnings results on Wednesday, July 30th. The company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $5.29 billion during the quarter, compared to analysts’ expectations of $5.21 billion. During the same period in the previous year, the business posted $1.31 EPS. The business’s revenue was up .2% compared to the same quarter last year. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. Equities analysts expect that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 15th will be issued a $1.06 dividend. This represents a $4.24 annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend is Monday, September 15th. This is a boost from Altria Group’s previous quarterly dividend of $1.02. Altria Group’s payout ratio is presently 82.01%.

About Altria Group

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.