Belpointe Asset Management LLC Boosts Stock Position in Altria Group, Inc. $MO

Belpointe Asset Management LLC raised its holdings in Altria Group, Inc. (NYSE:MO) by 2.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,651 shares of the company’s stock after buying an additional 1,078 shares during the period. Belpointe Asset Management LLC’s holdings in Altria Group were worth $3,204,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in MO. Valley National Advisers Inc. lifted its stake in Altria Group by 25.3% during the second quarter. Valley National Advisers Inc. now owns 61,563 shares of the company’s stock worth $3,608,000 after purchasing an additional 12,434 shares during the last quarter. Valeo Financial Advisors LLC raised its holdings in Altria Group by 2.1% during the second quarter. Valeo Financial Advisors LLC now owns 42,674 shares of the company’s stock worth $2,502,000 after purchasing an additional 890 shares in the last quarter. Grimes & Company Inc. raised its holdings in Altria Group by 31.4% during the second quarter. Grimes & Company Inc. now owns 13,038 shares of the company’s stock worth $764,000 after purchasing an additional 3,118 shares in the last quarter. Merit Financial Group LLC lifted its position in shares of Altria Group by 26.1% during the 2nd quarter. Merit Financial Group LLC now owns 129,899 shares of the company’s stock worth $7,616,000 after buying an additional 26,920 shares during the last quarter. Finally, Beacon Financial Advisory LLC boosted its holdings in shares of Altria Group by 9.8% in the 2nd quarter. Beacon Financial Advisory LLC now owns 22,806 shares of the company’s stock valued at $1,337,000 after buying an additional 2,034 shares in the last quarter. 57.41% of the stock is owned by institutional investors and hedge funds.

Altria Group Stock Down 0.1%

NYSE MO opened at $65.70 on Monday. The stock has a market capitalization of $110.38 billion, a P/E ratio of 12.71, a P/E/G ratio of 3.53 and a beta of 0.55. Altria Group, Inc. has a 52-week low of $48.86 and a 52-week high of $68.60. The firm has a 50-day moving average price of $65.19 and a 200 day moving average price of $60.95.

Altria Group (NYSE:MO) last released its earnings results on Wednesday, July 30th. The company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.07. The company had revenue of $5.29 billion for the quarter, compared to analysts’ expectations of $5.21 billion. Altria Group had a negative return on equity of 295.26% and a net margin of 37.24%.The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.31 EPS. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. On average, equities research analysts expect that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on MO shares. The Goldman Sachs Group boosted their price target on shares of Altria Group from $65.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. Bank of America boosted their target price on Altria Group from $64.00 to $72.00 and gave the company a “buy” rating in a report on Friday, August 22nd. Stifel Nicolaus set a $72.00 price target on Altria Group in a research note on Thursday, August 21st. UBS Group upgraded Altria Group from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $47.00 to $59.00 in a research note on Wednesday, July 2nd. Finally, Jefferies Financial Group began coverage on Altria Group in a report on Wednesday, July 9th. They issued an “underperform” rating and a $50.00 price objective for the company. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Altria Group presently has an average rating of “Hold” and a consensus price target of $62.11.

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.