Altria Group, Inc. $MO Stock Position Raised by Leo Wealth LLC

Leo Wealth LLC grew its position in Altria Group, Inc. (NYSE:MO) by 111.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,252 shares of the company’s stock after purchasing an additional 9,615 shares during the period. Leo Wealth LLC’s holdings in Altria Group were worth $1,070,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NorthCrest Asset Manangement LLC grew its position in Altria Group by 88.5% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 8,536 shares of the company’s stock worth $512,000 after purchasing an additional 4,007 shares during the last quarter. Central Valley Advisors LLC bought a new position in Altria Group in the 2nd quarter worth about $1,715,000. Invst LLC grew its position in Altria Group by 252.0% in the 1st quarter. Invst LLC now owns 16,188 shares of the company’s stock worth $972,000 after purchasing an additional 11,589 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Altria Group by 17.4% in the 2nd quarter. Exchange Traded Concepts LLC now owns 1,086,060 shares of the company’s stock worth $63,676,000 after acquiring an additional 161,356 shares during the period. Finally, Carr Financial Group Corp acquired a new stake in shares of Altria Group in the 2nd quarter worth approximately $241,000. Institutional investors own 57.41% of the company’s stock.

Altria Group Price Performance

MO stock opened at $65.72 on Friday. Altria Group, Inc. has a 12 month low of $48.86 and a 12 month high of $68.60. The firm has a market cap of $110.40 billion, a PE ratio of 12.71, a P/E/G ratio of 3.52 and a beta of 0.55. The firm 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 released its quarterly 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 net margin of 37.24% and a negative return on equity of 295.26%. The business had revenue of $5.29 billion for the quarter, compared to analyst estimates of $5.21 billion. During the same quarter in the previous year, the business earned $1.31 earnings per share. The firm’s revenue was up .2% compared to the same quarter last year. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. As a group, sell-side analysts expect that Altria Group, Inc. will post 5.32 earnings per share for the current 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 issued a dividend of $1.06 per share. This is an increase 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%.

Analyst Ratings Changes

MO has been the subject of a number of research analyst reports. Barclays upped their price target on shares of Altria Group from $49.00 to $57.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 6th. Morgan Stanley upped their price target on shares of Altria Group from $57.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 31st. UBS Group raised shares of Altria Group from a “sell” rating to a “neutral” rating and upped their price target for the stock from $47.00 to $59.00 in a research note on Wednesday, July 2nd. Stifel Nicolaus set a $72.00 price target on shares of Altria Group in a research note on Thursday, August 21st. Finally, Bank of America upped their price target on shares of Altria Group from $64.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, August 22nd. Four 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 data from MarketBeat.com, Altria Group currently has a consensus rating of “Hold” and a consensus price target of $62.11.

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.