Altria Group, Inc. $MO Shares Purchased by Cromwell Holdings LLC

Cromwell Holdings LLC boosted its holdings in Altria Group, Inc. (NYSE:MO) by 11.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,616 shares of the company’s stock after purchasing an additional 565 shares during the quarter. Cromwell Holdings LLC’s holdings in Altria Group were worth $335,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. NorthCrest Asset Manangement LLC boosted its holdings in Altria Group by 88.5% in the first quarter. NorthCrest Asset Manangement LLC now owns 8,536 shares of the company’s stock worth $512,000 after purchasing an additional 4,007 shares during the period. Central Valley Advisors LLC bought a new stake in Altria Group in the second quarter valued at $1,715,000. Invst LLC lifted its stake in Altria Group by 252.0% in the first quarter. Invst LLC now owns 16,188 shares of the company’s stock valued at $972,000 after buying an additional 11,589 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in Altria Group by 17.4% in the second quarter. Exchange Traded Concepts LLC now owns 1,086,060 shares of the company’s stock valued at $63,676,000 after buying an additional 161,356 shares during the last quarter. Finally, Carr Financial Group Corp bought a new stake in Altria Group in the second quarter valued at $241,000. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Trading Down 0.8%

Shares of Altria Group stock opened at $65.74 on Friday. The company’s 50-day moving average price is $65.07 and its two-hundred day moving average price is $60.86. Altria Group, Inc. has a 52 week low of $48.86 and a 52 week high of $68.60. The stock has a market cap of $110.44 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 3.56 and a beta of 0.55.

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

Altria Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 15th will be given a $1.06 dividend. This represents a $4.24 annualized dividend and a yield of 6.4%. This is a boost from Altria Group’s previous quarterly dividend of $1.02. The ex-dividend date is Monday, September 15th. Altria Group’s dividend payout ratio (DPR) is presently 82.01%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MO. UBS Group upgraded Altria Group from a “sell” rating to a “neutral” rating and raised their target price for the company from $47.00 to $59.00 in a research note on Wednesday, July 2nd. Bank of America raised their target price on Altria Group from $64.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, August 22nd. Stifel Nicolaus set a $72.00 target price on Altria Group in a research note on Thursday, August 21st. Barclays raised their target price 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, Jefferies Financial Group initiated coverage on shares of Altria Group in a research note on Wednesday, July 9th. They set an “underperform” rating and a $50.00 price objective on the stock. Two 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 data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $60.88.

Altria Group 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.