RoundAngle Advisors LLC Has $1.73 Million Stake in Altria Group, Inc. $MO

RoundAngle Advisors LLC boosted its holdings in Altria Group, Inc. (NYSE:MO) by 2.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 29,482 shares of the company’s stock after acquiring an additional 831 shares during the quarter. RoundAngle Advisors LLC’s holdings in Altria Group were worth $1,729,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Sequoia Financial Advisors LLC boosted its holdings in Altria Group by 15.4% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 85,850 shares of the company’s stock worth $5,033,000 after acquiring an additional 11,430 shares during the last quarter. Vest Financial LLC boosted its holdings in Altria Group by 39.2% during the 2nd quarter. Vest Financial LLC now owns 23,248 shares of the company’s stock worth $1,363,000 after acquiring an additional 6,552 shares during the last quarter. Griffin Asset Management Inc. boosted its holdings in Altria Group by 3.3% during the 2nd quarter. Griffin Asset Management Inc. now owns 31,497 shares of the company’s stock worth $1,847,000 after acquiring an additional 1,012 shares during the last quarter. MGO One Seven LLC raised its stake in shares of Altria Group by 11.9% during the 2nd quarter. MGO One Seven LLC now owns 53,503 shares of the company’s stock worth $3,137,000 after purchasing an additional 5,686 shares during the period. Finally, Welch Group LLC raised its stake in shares of Altria Group by 3.2% during the 2nd quarter. Welch Group LLC now owns 42,318 shares of the company’s stock worth $2,481,000 after purchasing an additional 1,325 shares during the period. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Stock Up 1.2%

Shares of Altria Group stock opened at $66.54 on Monday. The company has a market cap of $111.78 billion, a PE ratio of 12.87, a P/E/G ratio of 3.70 and a beta of 0.55. The business has a 50 day moving average of $65.72 and a 200 day moving average of $61.24. Altria Group, Inc. has a 52 week low of $48.86 and a 52 week high of $68.60.

Altria Group (NYSE:MO) last announced its earnings results on Wednesday, July 30th. The company reported $1.44 EPS 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 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 firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.31 earnings per share. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. On average, research 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 was paid on Friday, October 10th. Shareholders of record on Monday, September 15th were issued a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a yield of 6.4%. This is a positive change 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 Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group boosted 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 shares of Altria Group from a “sell” rating to a “neutral” rating and boosted their price target for the company from $47.00 to $59.00 in a research report on Wednesday, July 2nd. Stifel Nicolaus set a $72.00 price target on shares of Altria Group in a research report on Thursday, August 21st. Jefferies Financial Group initiated coverage on shares of Altria Group in a research report on Wednesday, July 9th. They issued an “underperform” rating and a $50.00 price target on the stock. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Altria Group in a research report on Wednesday, October 8th. Four 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 stock. According to data from MarketBeat.com, Altria Group presently has an average rating of “Hold” and an average 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.