Beacon Capital Management LLC Buys 1,552 Shares of Altria Group, Inc. $MO

Beacon Capital Management LLC grew its stake in shares of Altria Group, Inc. (NYSE:MO) by 30.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,588 shares of the company’s stock after purchasing an additional 1,552 shares during the period. Beacon Capital Management LLC’s holdings in Altria Group were worth $386,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Tritonpoint Wealth LLC raised its holdings in shares of Altria Group by 21.8% during the second quarter. Tritonpoint Wealth LLC now owns 5,246 shares of the company’s stock valued at $313,000 after purchasing an additional 938 shares during the period. Sonora Investment Management Group LLC grew its holdings in shares of Altria Group by 4.8% during the second quarter. Sonora Investment Management Group LLC now owns 20,305 shares of the company’s stock valued at $1,190,000 after buying an additional 938 shares during the last quarter. Avior Wealth Management LLC grew its holdings in shares of Altria Group by 9.6% during the second quarter. Avior Wealth Management LLC now owns 10,741 shares of the company’s stock valued at $630,000 after buying an additional 938 shares during the last quarter. LVW Advisors LLC grew its holdings in shares of Altria Group by 7.3% during the second quarter. LVW Advisors LLC now owns 77,161 shares of the company’s stock valued at $4,524,000 after buying an additional 5,258 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in shares of Altria Group by 7.1% during the second quarter. Signaturefd LLC now owns 36,255 shares of the company’s stock valued at $2,126,000 after buying an additional 2,395 shares during the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Analyst Ratings Changes

MO has been the subject of a number of analyst reports. Jefferies Financial Group initiated coverage on shares of Altria Group in a report on Wednesday, July 9th. They set an “underperform” rating and a $50.00 price objective for the company. Bank of America lifted their price objective 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. UBS Group upgraded shares of Altria Group from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $47.00 to $59.00 in a report on Wednesday, July 2nd. Barclays lifted their price objective 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. Finally, Stifel Nicolaus set a $72.00 target price on shares of Altria Group in a report on Thursday, August 21st. Two equities 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. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $60.88.

Altria Group Stock Performance

Shares of MO opened at $65.67 on Friday. The business has a 50-day moving average of $64.55 and a 200 day moving average of $60.67. Altria Group, Inc. has a fifty-two week low of $48.86 and a fifty-two week high of $68.60. The firm has a market cap of $110.32 billion, a P/E ratio of 12.70, a price-to-earnings-growth ratio of 3.53 and a beta of 0.59.

Altria Group (NYSE:MO) last announced its quarterly earnings data 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. 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 during the quarter, compared to analyst estimates of $5.21 billion. During the same quarter last year, the firm posted $1.31 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. As a group, research analysts predict that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 15th will be issued a dividend of $1.06 per share. This is a positive change from Altria Group’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend is Monday, September 15th. This represents a $4.24 dividend on an annualized basis and a yield of 6.5%. Altria Group’s payout ratio is currently 82.01%.

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.