REAP Financial Group LLC Increases Stock Position in Altria Group, Inc. $MO

REAP Financial Group LLC boosted its stake in Altria Group, Inc. (NYSE:MO) by 56.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 921 shares of the company’s stock after purchasing an additional 334 shares during the quarter. REAP Financial Group LLC’s holdings in Altria Group were worth $54,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Mattson Financial Services LLC purchased a new stake in Altria Group in the first quarter valued at approximately $25,000. Global X Japan Co. Ltd. bought a new position in Altria Group during the second quarter valued at approximately $25,000. Carderock Capital Management Inc. bought a new position in Altria Group during the second quarter valued at approximately $26,000. Sierra Ocean LLC grew its position in Altria Group by 226.3% during the first quarter. Sierra Ocean LLC now owns 509 shares of the company’s stock valued at $31,000 after acquiring an additional 353 shares during the last quarter. Finally, Inlight Wealth Management LLC bought a new position in Altria Group during the first quarter valued at approximately $31,000. 57.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on MO shares. The Goldman Sachs Group increased 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. Stifel Nicolaus set a $72.00 price target on shares of Altria Group in a research report on Thursday, August 21st. Jefferies Financial Group assumed coverage on shares of Altria Group in a research report on Wednesday, July 9th. They set an “underperform” rating and a $50.00 price target on the stock. Morgan Stanley raised their target price on shares of Altria Group from $57.00 to $62.00 and gave the stock an “equal weight” rating in a report on Thursday, July 31st. Finally, Barclays raised their target price on shares of Altria Group from $49.00 to $57.00 and gave the stock an “underweight” rating in a report on Wednesday, August 6th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $62.11.

Altria Group Stock Performance

Shares of Altria Group stock opened at $65.41 on Thursday. The stock has a market capitalization of $109.88 billion, a price-to-earnings ratio of 12.65, a P/E/G ratio of 3.58 and a beta of 0.55. The company’s 50 day moving average price is $65.54 and its 200-day moving average price is $61.07. Altria Group, Inc. has a 52-week low of $48.86 and a 52-week high of $68.60.

Altria Group (NYSE:MO) last released its quarterly earnings results 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. The business had revenue of $5.29 billion for the quarter, compared to analysts’ expectations of $5.21 billion. Altria Group had a net margin of 37.24% and a negative return on equity of 295.26%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.31 earnings per share. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. As a group, equities research analysts forecast that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal 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%. This is an increase 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%.

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.