Kellett Wealth Advisors LLC Purchases Shares of 3,786 Altria Group, Inc. $MO

Kellett Wealth Advisors LLC purchased a new stake in shares of Altria Group, Inc. (NYSE:MO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 3,786 shares of the company’s stock, valued at approximately $222,000.

Other institutional investors have also added to or reduced their stakes in the company. Mattson Financial Services LLC purchased a new stake in Altria Group during the 1st quarter valued at $25,000. Global X Japan Co. Ltd. purchased a new stake in shares of Altria Group in the 2nd quarter worth about $25,000. Carderock Capital Management Inc. bought a new stake in shares of Altria Group during the 2nd quarter valued at about $26,000. Inlight Wealth Management LLC bought a new stake in shares of Altria Group during the 1st quarter valued at about $31,000. Finally, Sierra Ocean LLC boosted its stake in shares of Altria Group by 226.3% during the 1st quarter. Sierra Ocean LLC now owns 509 shares of the company’s stock valued at $31,000 after purchasing an additional 353 shares in the last quarter. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of Altria Group in a research note on Wednesday, July 9th. They set an “underperform” rating and a $50.00 target price on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Altria Group in a research note on Wednesday, October 8th. Bank of America lifted their target price on shares of Altria Group from $64.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, August 22nd. Morgan Stanley lifted their target price 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. Finally, Barclays lifted their target price 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. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $62.11.

Altria Group Price Performance

Shares of NYSE MO opened at $64.92 on Tuesday. 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 $109.07 billion, a P/E ratio of 12.56, a price-to-earnings-growth ratio of 3.70 and a beta of 0.55. The firm has a 50-day moving average of $65.78 and a 200 day moving average of $61.29.

Altria Group (NYSE:MO) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $1.44 earnings per share (EPS) for the quarter, beating 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 company had revenue of $5.29 billion during the quarter, compared to analysts’ expectations of $5.21 billion. During the same period last year, the company posted $1.31 EPS. Altria Group’s 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 expect 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 was paid on Friday, October 10th. Investors of record on Monday, September 15th were given a dividend of $1.06 per share. This is an increase from Altria Group’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend was Monday, September 15th. This represents a $4.24 dividend on an annualized basis and a yield of 6.5%. Altria Group’s dividend payout ratio is 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.