Members Trust Co Invests $227,000 in Altria Group, Inc. $MO

Members Trust Co bought a new position in Altria Group, Inc. (NYSE:MO) during the 2nd quarter, HoldingsChannel reports. The fund bought 3,877 shares of the company’s stock, valued at approximately $227,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MO. Mattson Financial Services LLC bought a new position in Altria Group during the first quarter valued at approximately $25,000. Global X Japan Co. Ltd. bought a new position in Altria Group during the second quarter valued at approximately $25,000. Carderock Capital Management Inc. bought a new position in Altria Group during the second quarter valued at approximately $26,000. Sierra Ocean LLC lifted its position 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 purchasing an additional 353 shares during the period. Finally, TruNorth Capital Management LLC lifted its position in Altria Group by 51.8% during the first quarter. TruNorth Capital Management LLC now owns 636 shares of the company’s stock valued at $38,000 after purchasing an additional 217 shares during the period. Institutional investors own 57.41% of the company’s stock.

Altria Group Trading Down 1.0%

MO opened at $63.77 on Wednesday. Altria Group, Inc. has a 1-year low of $49.16 and a 1-year high of $68.60. The company has a market capitalization of $107.13 billion, a PE ratio of 12.34, a PEG ratio of 3.58 and a beta of 0.55. The firm’s 50 day simple moving average is $65.83 and its two-hundred day simple moving average is $61.54.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.07. The firm 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 company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.31 earnings per share. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. Equities analysts forecast that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Monday, September 15th were paid a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a dividend yield of 6.6%. This is a boost from Altria Group’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend was Monday, September 15th. Altria Group’s dividend payout ratio is currently 82.01%.

Wall Street Analyst Weigh In

MO has been the topic of a number of research analyst reports. Bank of America increased their price objective on shares of Altria Group from $64.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, August 22nd. Morgan Stanley increased their price objective on shares of Altria Group from $57.00 to $62.00 and gave the company an “equal weight” rating in a research report on Thursday, July 31st. The Goldman Sachs Group increased their price objective on shares of Altria Group from $65.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. UBS Group upgraded shares of Altria Group from a “sell” rating to a “neutral” rating and increased their price target for the stock from $47.00 to $59.00 in a research report on Wednesday, July 2nd. Finally, Barclays increased their price target on shares of Altria Group from $49.00 to $57.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 6th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Altria Group presently has an average rating of “Hold” and a consensus price target of $62.11.

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.