Nisa Investment Advisors LLC Buys 3,818 Shares of Altria Group, Inc. $MO

Nisa Investment Advisors LLC raised its stake in Altria Group, Inc. (NYSE:MO) by 0.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 473,712 shares of the company’s stock after acquiring an additional 3,818 shares during the period. Nisa Investment Advisors LLC’s holdings in Altria Group were worth $28,260,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of MO. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Altria Group during the second quarter valued at approximately $126,471,000. Central Valley Advisors LLC purchased a new stake in shares of Altria Group during the second quarter valued at approximately $1,715,000. Invst LLC boosted its stake in Altria Group by 252.0% during the 1st quarter. Invst LLC now owns 16,188 shares of the company’s stock valued at $972,000 after purchasing an additional 11,589 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in Altria Group by 17.4% during the 2nd quarter. Exchange Traded Concepts LLC now owns 1,086,060 shares of the company’s stock valued at $63,676,000 after purchasing an additional 161,356 shares during the last quarter. Finally, Members Trust Co purchased a new stake in Altria Group during the 2nd quarter valued at $227,000. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Altria Group Trading Up 0.2%

MO opened at $64.72 on Monday. The company has a market cap of $108.73 billion, a price-to-earnings ratio of 12.52, a PEG ratio of 3.60 and a beta of 0.55. The company’s 50 day moving average is $65.76 and its 200 day moving average is $61.76. Altria Group, Inc. has a 12-month low of $49.58 and a 12-month high of $68.60.

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 analysts’ consensus estimates of $1.37 by $0.07. The company had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $5.21 billion. Altria Group had a net margin of 37.24% and a negative return on equity of 295.26%. The firm’s revenue was up .2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.31 earnings per share. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. As a group, analysts predict that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.

Altria Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Monday, September 15th were given a dividend of $1.06 per share. This represents a $4.24 annualized dividend and a yield of 6.6%. This is a boost from Altria Group’s previous quarterly dividend of $1.02. The ex-dividend date was Monday, September 15th. Altria Group’s dividend payout ratio (DPR) is presently 82.01%.

Analyst Upgrades and Downgrades

MO has been the topic of several recent analyst reports. Jefferies Financial Group initiated coverage on Altria Group in a research report on Wednesday, July 9th. They set an “underperform” rating and a $50.00 price objective on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Altria Group in a research report on Friday. Bank of America raised their price target on shares of Altria Group from $64.00 to $72.00 and gave the company a “buy” rating in a report on Friday, August 22nd. The Goldman Sachs Group raised their price target on shares of Altria Group from $65.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. Finally, Morgan Stanley raised their target price on shares of Altria Group from $57.00 to $62.00 and gave the stock an “equal weight” rating in a report on Thursday, July 31st. Four equities research 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 data from MarketBeat.com, Altria Group currently has an average rating of “Hold” and an average price target of $62.11.

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.