13,111 Shares in Altria Group, Inc. $MO Bought by Thompson Davis & CO. Inc.

Thompson Davis & CO. Inc. bought a new position in Altria Group, Inc. (NYSE:MO) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 13,111 shares of the company’s stock, valued at approximately $769,000.

Other hedge funds have also recently made changes to their positions in the company. Mattson Financial Services LLC bought a new position in Altria Group in the 1st quarter valued at approximately $25,000. Global X Japan Co. Ltd. bought a new position in shares of Altria Group during the second quarter valued at $25,000. Carderock Capital Management Inc. acquired a new position in shares of Altria Group during the second quarter worth $26,000. Darwin Wealth Management LLC bought a new stake in shares of Altria Group in the second quarter worth $27,000. Finally, Country Trust Bank increased its holdings in Altria Group by 400.0% in the second quarter. Country Trust Bank now owns 500 shares of the company’s stock valued at $29,000 after purchasing an additional 400 shares during the period. 57.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on MO shares. UBS Group cut their target price on Altria Group from $68.00 to $61.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Bank of America lifted their price objective on Altria Group from $64.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, August 22nd. The Goldman Sachs Group upped their target price on Altria Group from $65.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. Stifel Nicolaus set a $72.00 price target on shares of Altria Group in a report on Thursday, August 21st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Altria Group in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $62.33.

Altria Group Price Performance

NYSE MO opened at $58.76 on Friday. The stock has a market capitalization of $98.64 billion, a P/E ratio of 11.21, a P/E/G ratio of 3.33 and a beta of 0.48. The business has a 50 day simple moving average of $60.48 and a 200 day simple moving average of $61.75. Altria Group, Inc. has a one year low of $50.08 and a one year high of $68.60.

Altria Group (NYSE:MO) last posted its quarterly earnings results on Thursday, October 30th. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.01. The firm had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.31 billion. Altria Group had a negative return on equity of 319.43% and a net margin of 37.89%.The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.38 EPS. Altria Group has set its FY 2025 guidance at 5.370-5.45 EPS. Equities analysts expect that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group declared that its Board of Directors has authorized a stock repurchase plan on Thursday, October 30th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 1.9% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Altria Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Friday, December 26th will be issued a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date is Friday, December 26th. Altria Group’s dividend payout ratio (DPR) is presently 80.92%.

Altria Group Company Profile

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.