Burford Brothers Inc. Purchases 2,468 Shares of Altria Group, Inc. $MO

Burford Brothers Inc. increased its position in shares of Altria Group, Inc. (NYSE:MO) by 6.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 39,154 shares of the company’s stock after purchasing an additional 2,468 shares during the quarter. Altria Group makes up about 1.1% of Burford Brothers Inc.’s holdings, making the stock its 20th biggest position. Burford Brothers Inc.’s holdings in Altria Group were worth $2,296,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MO. Mattson Financial Services LLC purchased a new stake in shares of Altria Group during the first quarter valued at approximately $25,000. Global X Japan Co. Ltd. bought a new position in Altria Group in the 2nd quarter valued at $25,000. Carderock Capital Management Inc. bought a new position in Altria Group in the 2nd quarter valued at $26,000. Sierra Ocean LLC increased its position 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 during the last quarter. Finally, Inlight Wealth Management LLC bought a new stake in shares of Altria Group during the 1st quarter worth $31,000. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Wall Street Analysts Forecast Growth

MO has been the subject of several research reports. Stifel Nicolaus set a $72.00 price target on shares of Altria Group in a research report on Thursday, August 21st. Barclays increased their target price on shares of Altria Group from $49.00 to $57.00 and gave the company an “underweight” rating in a research report on Wednesday, August 6th. 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 price target for the company. Morgan Stanley upped their price objective on 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, The Goldman Sachs Group raised their target price on Altria Group from $65.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $62.11.

Altria Group Price Performance

NYSE:MO opened at $65.00 on Friday. Altria Group, Inc. has a 1 year low of $48.86 and a 1 year high of $68.60. The stock’s fifty day moving average price is $65.90 and its two-hundred day moving average price is $61.44. The company has a market cap of $109.19 billion, a P/E ratio of 12.57, a P/E/G ratio of 3.62 and a beta of 0.55.

Altria Group (NYSE:MO) last released its quarterly earnings data 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. The company had revenue of $5.29 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.31 EPS. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. On average, analysts expect that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Monday, September 15th were issued a $1.06 dividend. The ex-dividend date of this dividend was Monday, September 15th. This is a positive change from Altria Group’s previous quarterly dividend of $1.02. This represents a $4.24 dividend on an annualized basis and a dividend yield of 6.5%. Altria Group’s payout ratio is currently 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.