Brandywine Oak Private Wealth LLC Grows Stock Position in Altria Group, Inc. $MO

Brandywine Oak Private Wealth LLC increased its holdings in Altria Group, Inc. (NYSE:MO) by 3.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,377 shares of the company’s stock after buying an additional 194 shares during the period. Brandywine Oak Private Wealth LLC’s holdings in Altria Group were worth $315,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MO. Mattson Financial Services LLC acquired a new position in shares of Altria Group during the 1st quarter valued at about $25,000. Global X Japan Co. Ltd. acquired a new stake in Altria Group in the second quarter valued at approximately $25,000. Carderock Capital Management Inc. acquired a new stake in Altria Group in the second quarter valued at approximately $26,000. Inlight Wealth Management LLC acquired a new stake in Altria Group in the first quarter valued at approximately $31,000. Finally, Sierra Ocean LLC boosted its stake in 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 acquiring an additional 353 shares during the last quarter. 57.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MO. Jefferies Financial Group began coverage on Altria Group in a research note on Wednesday, July 9th. They set an “underperform” rating and a $50.00 price objective on the stock. Stifel Nicolaus set a $72.00 target price on Altria Group in a research note on Thursday, August 21st. Morgan Stanley raised their price target on Altria Group from $57.00 to $62.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. UBS Group raised Altria Group from a “sell” rating to a “neutral” rating and raised their price target for the company from $47.00 to $59.00 in a report on Wednesday, July 2nd. Finally, Bank of America lifted 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. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $62.11.

Altria Group Price Performance

Shares of Altria Group stock opened at $65.72 on Friday. The firm has a market cap of $110.40 billion, a price-to-earnings ratio of 12.71, a P/E/G ratio of 3.52 and a beta of 0.55. Altria Group, Inc. has a 52-week low of $48.86 and a 52-week high of $68.60. The stock has a 50-day simple moving average of $65.62 and a 200-day simple moving average of $61.13.

Altria Group (NYSE:MO) last posted its earnings results on Wednesday, July 30th. The company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.07. The firm had revenue of $5.29 billion during 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 company’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the company earned $1.31 EPS. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. As a group, equities research analysts predict that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Monday, September 15th will be given a dividend of $1.06 per share. This is a boost 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%. The ex-dividend date is Monday, September 15th. Altria Group’s dividend payout ratio (DPR) is presently 82.01%.

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.