Altria Group, Inc. $MO Shares Purchased by denkapparat Operations GmbH

denkapparat Operations GmbH raised its holdings in Altria Group, Inc. (NYSE:MO) by 118.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,930 shares of the company’s stock after purchasing an additional 12,954 shares during the quarter. denkapparat Operations GmbH’s holdings in Altria Group were worth $1,722,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in MO. GQG Partners LLC acquired a new stake in Altria Group in the second quarter valued at $1,806,782,000. Bank of America Corp DE purchased a new stake in shares of Altria Group during the 2nd quarter worth $1,104,566,000. Legal & General Group Plc acquired a new position in shares of Altria Group during the 2nd quarter worth $631,606,000. Charles Schwab Investment Management Inc. grew its stake in shares of Altria Group by 10.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 65,516,916 shares of the company’s stock worth $3,777,931,000 after purchasing an additional 6,265,780 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Altria Group in the 2nd quarter valued at about $349,743,000. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Altria Group Price Performance

Shares of NYSE MO opened at $69.57 on Friday. The company has a market cap of $116.16 billion, a PE ratio of 14.68, a price-to-earnings-growth ratio of 2.47 and a beta of 0.45. Altria Group, Inc. has a 12 month low of $54.70 and a 12 month high of $77.06. The company has a 50-day simple moving average of $69.92 and a 200-day simple moving average of $69.07.

Altria Group (NYSE:MO) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.02). Altria Group had a negative return on equity of 315.29% and a net margin of 33.99%.The business had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.35 billion. During the same period in the previous year, the business posted $1.44 earnings per share. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. On average, analysts anticipate that Altria Group, Inc. will post 5.67 EPS for the current year.

Altria Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Tuesday, September 15th will be given a dividend of $1.11 per share. This is a positive change from Altria Group’s previous quarterly dividend of $1.06. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $4.44 dividend on an annualized basis and a yield of 6.4%. Altria Group’s dividend payout ratio is currently 89.45%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MO. Barclays reduced their price objective on shares of Altria Group from $64.00 to $58.00 and set an “underweight” rating for the company in a research note on Tuesday, August 11th. Jefferies Financial Group increased their target price on shares of Altria Group from $50.00 to $60.00 and gave the company an “underperform” rating in a report on Wednesday, May 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Altria Group in a report on Tuesday, July 14th. Wall Street Zen downgraded shares of Altria Group from a “buy” rating to a “hold” rating in a research report on Sunday, June 21st. Finally, BTIG Research started coverage on Altria Group in a research note on Tuesday, July 21st. They set a “neutral” rating on the stock. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Altria Group currently has a consensus rating of “Hold” and a consensus price target of $70.11.

Altria Group Company Profile

Altria Group, Inc (NYSE: MO) is a U.S.-based consumer goods company whose principal business is the manufacture and sale of tobacco products. Headquartered in Richmond, Virginia, the company’s operations are focused primarily on the U.S. market and include the production, marketing and distribution of cigarettes, smokeless tobacco and cigars. Its flagship cigarette franchise in the United States is sold through its operating subsidiaries and is among the most recognizable cigarette brands in the country.

Altria’s principal operating businesses include Philip Morris USA (cigarettes), U.S.