Secured Retirement Advisors LLC Increases Stock Holdings in Altria Group, Inc. $MO

Secured Retirement Advisors LLC increased its holdings in shares of Altria Group, Inc. (NYSE:MO) by 15.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 4,653 shares of the company’s stock after purchasing an additional 616 shares during the period. Secured Retirement Advisors LLC’s holdings in Altria Group were worth $273,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MO. Jacobi Capital Management LLC grew its stake in Altria Group by 0.6% during the 1st quarter. Jacobi Capital Management LLC now owns 26,335 shares of the company’s stock valued at $1,581,000 after purchasing an additional 168 shares during the last quarter. Vista Investment Partners II LLC boosted its stake in shares of Altria Group by 4.2% in the first quarter. Vista Investment Partners II LLC now owns 4,302 shares of the company’s stock worth $258,000 after buying an additional 174 shares during the last quarter. Wealth Alliance LLC boosted its stake in shares of Altria Group by 1.9% in the first quarter. Wealth Alliance LLC now owns 9,452 shares of the company’s stock worth $567,000 after buying an additional 174 shares during the last quarter. Patten & Patten Inc. TN boosted its stake in shares of Altria Group by 1.5% in the first quarter. Patten & Patten Inc. TN now owns 12,049 shares of the company’s stock worth $723,000 after buying an additional 174 shares during the last quarter. Finally, Baron Silver Stevens Financial Advisors LLC boosted its stake in shares of Altria Group by 2.7% in the first quarter. Baron Silver Stevens Financial Advisors LLC now owns 6,762 shares of the company’s stock worth $406,000 after buying an additional 175 shares during the last quarter. 57.41% of the stock is currently owned by hedge funds and other institutional investors.

Altria Group Price Performance

Shares of NYSE:MO opened at $66.64 on Wednesday. The business’s 50 day simple moving average is $65.46 and its 200-day simple moving average is $61.04. The firm has a market capitalization of $111.94 billion, a price-to-earnings ratio of 12.89, a price-to-earnings-growth ratio of 3.52 and a beta of 0.55. Altria Group, Inc. has a 12 month low of $48.86 and a 12 month high of $68.60.

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

Altria Group Increases Dividend

The company 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. This represents a $4.24 annualized dividend and a dividend yield of 6.4%. The ex-dividend date is Monday, September 15th. Altria Group’s dividend payout ratio is 82.01%.

Analysts Set New Price Targets

A number of analysts have recently commented on MO shares. Barclays upped their target price on Altria Group from $49.00 to $57.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 6th. The Goldman Sachs Group increased 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. Stifel Nicolaus set a $72.00 target price on Altria Group in a report on Thursday, August 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Altria Group in a report on Saturday, September 27th. Finally, Bank of America increased their price objective on Altria Group from $64.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, August 22nd. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $62.11.

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.