Fairvoy Private Wealth LLC Purchases 660 Shares of Altria Group, Inc. $MO

Fairvoy Private Wealth LLC boosted its position in shares of Altria Group, Inc. (NYSE:MO) by 9.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,949 shares of the company’s stock after acquiring an additional 660 shares during the period. Fairvoy Private Wealth LLC’s holdings in Altria Group were worth $466,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mattson Financial Services LLC bought a new position in shares of Altria Group during the 1st quarter worth approximately $25,000. Global X Japan Co. Ltd. bought a new position in shares of Altria Group during the 2nd quarter worth approximately $25,000. Carderock Capital Management Inc. bought a new position in shares of Altria Group during the 2nd quarter worth approximately $26,000. Inlight Wealth Management LLC bought a new position in shares of Altria Group during the 1st quarter worth approximately $31,000. Finally, Sierra Ocean LLC lifted 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 worth $31,000 after buying an additional 353 shares during the period. 57.41% of the stock is currently owned by institutional investors.

Altria Group Price Performance

Shares of MO opened at $65.70 on Friday. The company has a market capitalization of $110.38 billion, a P/E ratio of 12.71, a PEG ratio of 3.54 and a beta of 0.55. Altria Group, Inc. has a one year low of $48.86 and a one year high of $68.60. The business’s 50 day simple moving average is $65.19 and its 200-day simple moving average is $60.91.

Altria Group (NYSE:MO) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.07. Altria Group had a negative return on equity of 295.26% and a net margin of 37.24%.The firm had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $5.21 billion. During the same quarter in the prior year, the business earned $1.31 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. On average, sell-side analysts anticipate that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.

Altria Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 15th will be issued a dividend of $1.06 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $4.24 annualized dividend and a yield of 6.5%. This is a positive change from Altria Group’s previous quarterly dividend of $1.02. Altria Group’s dividend payout ratio (DPR) is currently 82.01%.

Analysts Set New Price Targets

Several equities analysts recently commented on MO shares. Barclays raised their target price on Altria Group from $49.00 to $57.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 6th. Weiss Ratings restated a “buy (b)” rating on shares of Altria Group in a research report on Saturday, September 27th. Bank of America boosted their target price on Altria Group from $64.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, August 22nd. Jefferies Financial Group started coverage on Altria Group in a report on Wednesday, July 9th. They issued an “underperform” rating and a $50.00 target price on the stock. Finally, Stifel Nicolaus set a $72.00 target price on Altria Group in a report on Thursday, August 21st. Three 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $60.88.

About Altria Group

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.