Odyssean LLC Has $1.50 Million Holdings in Altria Group, Inc. $MO

Odyssean LLC increased its holdings in Altria Group, Inc. (NYSE:MO) by 66.2% in the second quarter, Holdings Channel reports. The institutional investor owned 20,851 shares of the company’s stock after buying an additional 8,309 shares during the period. Odyssean LLC’s holdings in Altria Group were worth $1,500,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in MO. Comprehensive Financial Planning Inc. PA bought a new position in Altria Group during the 2nd quarter worth $26,000. Darwin Wealth Management LLC bought a new stake in shares of Altria Group during the 2nd quarter valued at $27,000. Navalign LLC bought a new stake in shares of Altria Group during the 4th quarter valued at $28,000. Miller Capital Partners Inc. acquired a new stake in shares of Altria Group during the 4th quarter worth $29,000. Finally, Hughes Financial Services LLC grew its holdings in shares of Altria Group by 62.9% during the 4th quarter. Hughes Financial Services LLC now owns 510 shares of the company’s stock worth $29,000 after purchasing an additional 197 shares in the last quarter. 57.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Altria Group Stock Performance

Shares of MO opened at $68.80 on Friday. Altria Group, Inc. has a 52 week low of $54.70 and a 52 week high of $77.06. The stock has a market capitalization of $114.88 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 2.46 and a beta of 0.45. The stock has a fifty day moving average of $69.82 and a 200-day moving average of $69.07.

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

Altria Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Tuesday, September 15th will be given a $1.11 dividend. This is a boost 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 annualized dividend and a dividend yield of 6.5%. Altria Group’s dividend payout ratio is 89.45%.

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.