TI Trust Inc. Buys 18,230 Shares of Altria Group, Inc. $MO

TI Trust Inc. boosted its stake in Altria Group, Inc. (NYSE:MO) by 140.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,205 shares of the company’s stock after purchasing an additional 18,230 shares during the quarter. Altria Group makes up 1.2% of TI Trust Inc.’s investment portfolio, making the stock its 20th largest position. TI Trust Inc.’s holdings in Altria Group were worth $1,830,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Mattson Financial Services LLC bought a new position in Altria Group in the 1st quarter worth about $25,000. Global X Japan Co. Ltd. bought a new stake in Altria Group during the second quarter valued at $25,000. Carderock Capital Management Inc. bought a new stake in Altria Group during the second quarter valued at $26,000. Inlight Wealth Management LLC bought a new stake in Altria Group during the first quarter valued at $31,000. Finally, Sierra Ocean LLC boosted its stake in Altria Group by 226.3% during the first quarter. Sierra Ocean LLC now owns 509 shares of the company’s stock valued at $31,000 after buying an additional 353 shares during the period. Institutional investors own 57.41% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MO. The Goldman Sachs Group lifted their price objective on Altria Group from $65.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. UBS Group raised 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 research note on Wednesday, July 2nd. Barclays lifted 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. Weiss Ratings reissued a “buy (b)” rating on shares of Altria Group in a research note on Saturday, September 27th. Finally, Bank of America raised their price target on Altria Group from $64.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, August 22nd. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Altria Group presently has a consensus rating of “Hold” and an average target price of $62.11.

Altria Group Stock Up 1.9%

NYSE MO opened at $66.64 on Wednesday. The stock’s 50-day simple moving average is $65.46 and its two-hundred day simple moving average is $61.04. Altria Group, Inc. has a twelve month low of $48.86 and a twelve month high of $68.60. The company has a market capitalization of $111.94 billion, a price-to-earnings ratio of 12.89, a PEG ratio of 3.52 and a beta of 0.55.

Altria Group (NYSE:MO) last released its quarterly earnings data on Wednesday, July 30th. The company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.37 by $0.07. The firm had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $5.21 billion. Altria Group had a negative return on equity of 295.26% and a net margin of 37.24%.The company’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.31 earnings per share. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. On average, equities analysts expect 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. Stockholders of record on Monday, September 15th will be issued a $1.06 dividend. This is an increase 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 (DPR) is presently 82.01%.

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.