Childress Capital Advisors LLC Invests $230,000 in Altria Group, Inc. $MO

Childress Capital Advisors LLC bought a new position in Altria Group, Inc. (NYSE:MO) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 3,924 shares of the company’s stock, valued at approximately $230,000.

A number of other large investors have also recently made changes to their positions in MO. Mattson Financial Services LLC bought a new stake in Altria Group during the first quarter worth approximately $25,000. Global X Japan Co. Ltd. bought a new position in shares of Altria Group during the 2nd quarter valued at approximately $25,000. Carderock Capital Management Inc. bought a new position in shares of Altria Group during the 2nd quarter valued at approximately $26,000. Inlight Wealth Management LLC bought a new position in shares of Altria Group during the 1st quarter valued at approximately $31,000. Finally, Sierra Ocean LLC increased its position in Altria Group by 226.3% during the first 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 institutional investors.

Altria Group Price Performance

Shares of MO stock opened at $66.29 on Thursday. Altria Group, Inc. has a one year low of $48.86 and a one year high of $68.60. The company has a market capitalization of $111.36 billion, a P/E ratio of 12.82, a P/E/G ratio of 3.55 and a beta of 0.55. The company’s 50-day simple moving average is $64.95 and its two-hundred day simple moving average is $60.81.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $5.29 billion for the quarter, compared to analysts’ expectations of $5.21 billion. During the same quarter in the prior year, the firm earned $1.31 earnings per share. Altria Group’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. On average, research analysts expect that Altria Group, Inc. will post 5.32 EPS 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 given a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend is Monday, September 15th. This is a positive change from Altria Group’s previous quarterly dividend of $1.02. Altria Group’s dividend payout ratio is currently 82.01%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on MO shares. Jefferies Financial Group began coverage on shares of Altria Group in a research report on Wednesday, July 9th. They set an “underperform” rating and a $50.00 price objective on the stock. Barclays upped their price target on shares of Altria Group from $49.00 to $57.00 and gave the company an “underweight” rating in a report on Wednesday, August 6th. UBS Group raised Altria Group from a “sell” rating to a “neutral” rating and upped their target price for the company from $47.00 to $59.00 in a research note on Wednesday, July 2nd. Stifel Nicolaus set a $72.00 target price on Altria Group in a research note on Thursday, August 21st. Finally, Bank of America upped their target price on Altria Group from $64.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, August 22nd. 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $60.88.

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.