MBB Public Markets I LLC Takes Position in Altria Group, Inc. $MO

MBB Public Markets I LLC acquired a new stake in Altria Group, Inc. (NYSE:MO) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,493 shares of the company’s stock, valued at approximately $330,000.

Several other institutional investors and hedge funds have also made changes to their positions in MO. Inlight Wealth Management LLC acquired a new stake in Altria Group in the 1st quarter valued at about $31,000. Sierra Ocean LLC lifted its holdings in Altria Group by 226.3% in the 1st 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. Pinney & Scofield Inc. acquired a new stake in Altria Group in the 4th quarter valued at about $33,000. TruNorth Capital Management LLC lifted its holdings in Altria Group by 51.8% in the 1st quarter. TruNorth Capital Management LLC now owns 636 shares of the company’s stock valued at $38,000 after acquiring an additional 217 shares during the last quarter. Finally, Menard Financial Group LLC acquired a new stake in Altria Group in the 4th quarter valued at about $39,000. 57.41% of the stock is currently owned by institutional investors.

Altria Group Price Performance

NYSE MO opened at $66.52 on Monday. The company has a 50 day simple moving average of $62.56 and a 200-day simple moving average of $59.78. The firm has a market capitalization of $111.74 billion, a price-to-earnings ratio of 12.87, a price-to-earnings-growth ratio of 3.58 and a beta of 0.59. Altria Group, Inc. has a 52-week low of $48.86 and a 52-week high of $68.60.

Altria Group (NYSE:MO) last released its quarterly earnings data on Wednesday, July 30th. The company reported $1.44 EPS for the quarter, topping 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 the consensus estimate of $5.21 billion. During the same quarter in the prior year, the company posted $1.31 earnings per share. The firm’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, analysts predict that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors 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 yield of 6.4%. This is an increase from Altria Group’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend is Monday, September 15th. Altria Group’s payout ratio is presently 78.92%.

Analysts Set New Price Targets

MO has been the subject of a number of research analyst reports. Jefferies Financial Group initiated coverage on shares of Altria Group in a report on Wednesday, July 9th. They issued an “underperform” rating and a $50.00 price target for the company. Morgan Stanley upped their price objective on shares of Altria Group from $57.00 to $62.00 and gave the company 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 objective for the company from $47.00 to $59.00 in a research note on Wednesday, July 2nd. Stifel Nicolaus set a $72.00 price objective on shares of Altria Group in a research note on Thursday, August 21st. Finally, 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 research note on Friday, August 22nd. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Altria Group has a consensus rating of “Hold” and an average target price of $60.88.

About Altria Group

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.