Bulltick Wealth Management LLC Has $1.49 Million Stake in Altria Group, Inc. $MO

Bulltick Wealth Management LLC lessened its holdings in shares of Altria Group, Inc. (NYSE:MO) by 16.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,000 shares of the company’s stock after selling 5,000 shares during the period. Bulltick Wealth Management LLC’s holdings in Altria Group were worth $1,491,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Altria Group during the second quarter valued at $126,471,000. Central Valley Advisors LLC bought a new position in shares of Altria Group during the 2nd quarter worth $1,715,000. Invst LLC increased its holdings 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 acquiring an additional 11,589 shares during the last quarter. Vise Technologies Inc. bought a new stake in Altria Group in the 2nd quarter valued at about $5,388,000. Finally, Mayflower Financial Advisors LLC lifted its holdings in Altria Group by 5.5% during the second quarter. Mayflower Financial Advisors LLC now owns 79,019 shares of the company’s stock valued at $4,633,000 after purchasing an additional 4,149 shares during the last quarter. 57.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

MO has been the topic of several research reports. UBS Group lowered their price target on shares of Altria Group from $68.00 to $61.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Bank of America boosted their target price on shares of Altria Group from $64.00 to $72.00 and gave the company a “buy” rating in a report on Friday, August 22nd. 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 report on Thursday, July 31st. Barclays boosted their price objective on Altria Group from $49.00 to $57.00 and gave the company an “underweight” rating in a research note on Wednesday, August 6th. Finally, The Goldman Sachs Group lifted their target price on Altria Group from $65.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $62.33.

Altria Group Trading Up 0.6%

Shares of MO opened at $58.15 on Monday. Altria Group, Inc. has a 12-month low of $50.08 and a 12-month high of $68.60. The company has a market cap of $97.62 billion, a PE ratio of 11.25, a price-to-earnings-growth ratio of 3.45 and a beta of 0.51. The stock has a 50-day moving average price of $63.28 and a 200-day moving average price of $61.87.

Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, October 30th. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.01. The company had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.31 billion. Altria Group had a net margin of 37.24% and a negative return on equity of 295.26%. Altria Group’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.38 earnings per share. Altria Group has set its FY 2025 guidance at 5.370-5.45 EPS. As a group, analysts predict 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 was paid on Friday, October 10th. Shareholders of record on Monday, September 15th were paid a dividend of $1.06 per share. This represents a $4.24 annualized dividend and a yield of 7.3%. This is an increase from Altria Group’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend was Monday, September 15th. Altria Group’s dividend payout ratio is presently 80.92%.

Altria Group declared that its Board of Directors has authorized a share buyback plan on Thursday, October 30th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 1.9% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

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.