27,520 Shares in Altria Group, Inc. $MO Acquired by Caldwell Trust Co

Caldwell Trust Co purchased a new stake in shares of Altria Group, Inc. (NYSE:MO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 27,520 shares of the company’s stock, valued at approximately $1,613,000.

Several other institutional investors also recently bought and sold shares of MO. Ameriprise Financial Inc. lifted its holdings in shares of Altria Group by 62.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 16,395,070 shares of the company’s stock valued at $954,446,000 after acquiring an additional 6,302,819 shares in the last quarter. Raymond James Financial Inc. raised its position in Altria Group by 111.3% in the first quarter. Raymond James Financial Inc. now owns 5,558,252 shares of the company’s stock valued at $333,606,000 after purchasing an additional 2,928,006 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Altria Group during the second quarter worth about $126,471,000. The Manufacturers Life Insurance Company lifted its stake in shares of Altria Group by 184.6% during the first quarter. The Manufacturers Life Insurance Company now owns 3,095,636 shares of the company’s stock worth $185,800,000 after purchasing an additional 2,007,859 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of Altria Group by 97.0% in the first quarter. Alliancebernstein L.P. now owns 3,968,342 shares of the company’s stock worth $238,180,000 after buying an additional 1,953,966 shares during the period. 57.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Stifel Nicolaus set a $72.00 price target on Altria Group in a research report on Thursday, August 21st. UBS Group reduced their target price 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. Weiss Ratings restated a “buy (b)” rating on shares of Altria Group in a research note on Wednesday, October 8th. The Goldman Sachs Group lifted their price target on shares of Altria Group from $65.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. 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 report on Friday, August 22nd. Four 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 company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $62.33.

Altria Group Trading Up 0.1%

MO stock opened at $58.76 on Monday. The firm has a 50 day simple moving average of $60.48 and a 200-day simple moving average of $61.76. The company has a market capitalization of $98.64 billion, a P/E ratio of 11.21, a PEG ratio of 3.33 and a beta of 0.48. Altria Group, Inc. has a twelve month low of $50.08 and a twelve month high of $68.60.

Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, October 30th. The company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.01. The firm had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.31 billion. Altria Group had a net margin of 37.89% and a negative return on equity of 319.43%. The firm’s revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.38 EPS. Altria Group has set its FY 2025 guidance at 5.370-5.45 EPS. On average, research analysts predict that Altria Group, Inc. will post 5.32 EPS for the current year.

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

Altria Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Friday, December 26th will be given a dividend of $1.06 per share. The ex-dividend date of this dividend is Friday, December 26th. This represents a $4.24 annualized dividend and a dividend yield of 7.2%. Altria Group’s dividend payout ratio (DPR) is presently 80.92%.

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.