Cypress Capital Group Has $4.27 Million Stake in Altria Group, Inc. $MO

Cypress Capital Group increased its position in shares of Altria Group, Inc. (NYSE:MO) by 3.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 72,777 shares of the company’s stock after buying an additional 2,651 shares during the period. Cypress Capital Group’s holdings in Altria Group were worth $4,267,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Altria Group by 0.8% during the first quarter. Vanguard Group Inc. now owns 158,117,225 shares of the company’s stock worth $9,490,196,000 after buying an additional 1,300,787 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Altria Group by 5.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 63,288,773 shares of the company’s stock worth $3,798,592,000 after buying an additional 3,483,487 shares during the last quarter. GQG Partners LLC increased its holdings in Altria Group by 8,146.4% during the first quarter. GQG Partners LLC now owns 18,698,594 shares of the company’s stock worth $1,122,290,000 after buying an additional 18,471,846 shares during the last quarter. Invesco Ltd. increased its holdings in Altria Group by 3.7% during the first quarter. Invesco Ltd. now owns 12,243,041 shares of the company’s stock worth $734,827,000 after buying an additional 441,083 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Altria Group by 40.0% during the first quarter. JPMorgan Chase & Co. now owns 11,961,220 shares of the company’s stock worth $717,913,000 after buying an additional 3,415,237 shares during the last quarter. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Altria Group Stock Performance

MO stock opened at $66.54 on Monday. The company’s 50-day simple moving average is $65.72 and its 200 day simple moving average is $61.24. Altria Group, Inc. has a 52 week low of $48.86 and a 52 week high of $68.60. The company has a market capitalization of $111.78 billion, a PE ratio of 12.87, a price-to-earnings-growth ratio of 3.70 and a beta of 0.55.

Altria Group (NYSE:MO) last released its quarterly earnings results on Wednesday, July 30th. The company reported $1.44 EPS for the quarter, beating 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 business had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $5.21 billion. During the same period in the prior year, the company posted $1.31 earnings per share. Altria Group’s revenue 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, analysts forecast that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Monday, September 15th were paid a $1.06 dividend. This represents a $4.24 annualized dividend and a dividend yield of 6.4%. This is a boost from Altria Group’s previous quarterly dividend of $1.02. The ex-dividend date was Monday, September 15th. Altria Group’s dividend payout ratio is currently 82.01%.

Analyst Ratings Changes

MO has been the topic of several research reports. Barclays upped 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. Jefferies Financial Group initiated coverage on shares of Altria Group in a report on Wednesday, July 9th. They issued an “underperform” rating and a $50.00 price objective on the stock. UBS Group upgraded shares of Altria Group from a “sell” rating to a “neutral” rating and upped their price objective for the company from $47.00 to $59.00 in a report on Wednesday, July 2nd. Stifel Nicolaus set a $72.00 price objective on shares of Altria Group in a report on Thursday, August 21st. Finally, Morgan Stanley upped their price objective on shares of Altria Group from $57.00 to $62.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target 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.