Altria Group, Inc. $MO Shares Acquired by Widmann Financial Services Inc.

Widmann Financial Services Inc. grew its holdings in shares of Altria Group, Inc. (NYSE:MO) by 1.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,080 shares of the company’s stock after purchasing an additional 189 shares during the period. Widmann Financial Services Inc.’s holdings in Altria Group were worth $1,145,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MO. Inlight Wealth Management LLC acquired a new stake in Altria Group in the first quarter worth about $31,000. Sierra Ocean LLC boosted its stake in Altria Group by 226.3% in the 1st quarter. Sierra Ocean LLC now owns 509 shares of the company’s stock worth $31,000 after purchasing an additional 353 shares in the last quarter. Pinney & Scofield Inc. purchased a new stake in Altria Group during the 4th quarter worth approximately $33,000. Bellwether Advisors LLC acquired a new position in Altria Group during the 4th quarter valued at approximately $38,000. Finally, TruNorth Capital Management LLC raised its holdings in shares of Altria Group by 51.8% in the first quarter. TruNorth Capital Management LLC now owns 636 shares of the company’s stock worth $38,000 after buying an additional 217 shares during the last quarter. 57.41% of the stock is currently owned by hedge funds and other institutional investors.

Altria Group Trading Down 0.1%

Shares of MO stock opened at $67.6150 on Monday. Altria Group, Inc. has a 12-month low of $48.86 and a 12-month high of $68.60. The business’s 50 day moving average is $61.07 and its two-hundred day moving average is $58.85. The company has a market capitalization of $113.59 billion, a P/E ratio of 13.08, a P/E/G ratio of 3.64 and a beta of 0.59.

Altria Group (NYSE:MO) last announced its earnings results on Wednesday, July 30th. The company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $5.21 billion. During the same quarter last year, the firm posted $1.31 EPS. The business’s revenue was up .2% on a year-over-year basis. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. On average, research analysts predict that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Monday, September 15th will be paid a $1.06 dividend. 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 6.3%. The ex-dividend date of this dividend is Monday, September 15th. Altria Group’s dividend payout ratio is presently 78.92%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Barclays increased their price objective on Altria Group from $49.00 to $57.00 and gave the company an “underweight” rating in a report on Wednesday, August 6th. Stifel Nicolaus increased their price target on shares of Altria Group from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Wall Street Zen cut shares of Altria Group from a “buy” rating to a “hold” rating in a research note on Thursday, May 1st. Bank of America upped their price objective on shares of Altria Group from $64.00 to $72.00 and gave the company a “buy” rating in a report on Friday. Finally, Jefferies Financial Group assumed coverage on shares of Altria Group in a report on Wednesday, July 9th. They set an “underperform” rating and a $50.00 target price for the company. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $60.00.

Altria Group 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.