Fiduciary Family Office LLC Has $296,000 Stake in Altria Group, Inc. $MO

Fiduciary Family Office LLC boosted its holdings in shares of Altria Group, Inc. (NYSE:MO) by 22.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,045 shares of the company’s stock after purchasing an additional 940 shares during the period. Fiduciary Family Office LLC’s holdings in Altria Group were worth $296,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Jacobi Capital Management LLC increased its stake in shares of Altria Group by 0.6% in the 1st quarter. Jacobi Capital Management LLC now owns 26,335 shares of the company’s stock valued at $1,581,000 after buying an additional 168 shares during the period. Bar Harbor Wealth Management increased its stake in shares of Altria Group by 3.1% in the 2nd quarter. Bar Harbor Wealth Management now owns 5,656 shares of the company’s stock valued at $332,000 after buying an additional 169 shares during the period. Vista Investment Partners II LLC increased its stake in shares of Altria Group by 4.2% in the 1st quarter. Vista Investment Partners II LLC now owns 4,302 shares of the company’s stock valued at $258,000 after buying an additional 174 shares during the period. Wealth Alliance LLC increased its stake in shares of Altria Group by 1.9% in the 1st quarter. Wealth Alliance LLC now owns 9,452 shares of the company’s stock valued at $567,000 after buying an additional 174 shares during the period. Finally, Patten & Patten Inc. TN increased its stake in shares of Altria Group by 1.5% in the 1st quarter. Patten & Patten Inc. TN now owns 12,049 shares of the company’s stock valued at $723,000 after buying an additional 174 shares during the period. 57.41% of the stock is owned by institutional investors and hedge funds.

Altria Group Trading Down 1.0%

MO stock opened at $63.77 on Wednesday. The business’s 50-day moving average price is $65.83 and its two-hundred day moving average price is $61.54. The firm has a market cap of $107.13 billion, a PE ratio of 12.34, a P/E/G ratio of 3.58 and a beta of 0.55. Altria Group, Inc. has a 1-year low of $49.16 and a 1-year high of $68.60.

Altria Group (NYSE:MO) last posted its earnings results on Wednesday, July 30th. The company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.07. The firm had revenue of $5.29 billion for the quarter, compared to analyst estimates of $5.21 billion. Altria Group had a negative return on equity of 295.26% and a net margin of 37.24%.The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the company posted $1.31 earnings per share. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. On average, analysts forecast that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Increases Dividend

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

Analyst Ratings Changes

Several research firms have recently commented on MO. UBS Group raised Altria Group from a “sell” rating to a “neutral” rating and lifted their target price for the company from $47.00 to $59.00 in a research note on Wednesday, July 2nd. Barclays raised their price target on Altria Group from $49.00 to $57.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 6th. Morgan Stanley raised their price target on Altria Group from $57.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 31st. Jefferies Financial Group initiated coverage on Altria Group in a research report on Wednesday, July 9th. They issued an “underperform” rating and a $50.00 price target on the stock. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Altria Group in a research report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price 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.