Altria Group, Inc. $MO Shares Purchased by Blake Schutter Theil Wealth Advisors LLC

Blake Schutter Theil Wealth Advisors LLC grew its holdings in shares of Altria Group, Inc. (NYSE:MO) by 2.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,404 shares of the company’s stock after acquiring an additional 200 shares during the period. Blake Schutter Theil Wealth Advisors LLC’s holdings in Altria Group were worth $493,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Altria Group by 0.8% during the first quarter. Vanguard Group Inc. now owns 158,117,225 shares of the company’s stock valued at $9,490,196,000 after acquiring an additional 1,300,787 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of 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 valued at $3,798,592,000 after acquiring an additional 3,483,487 shares in the last quarter. GQG Partners LLC grew its stake in shares of Altria Group by 8,146.4% during the first quarter. GQG Partners LLC now owns 18,698,594 shares of the company’s stock valued at $1,122,290,000 after acquiring an additional 18,471,846 shares in the last quarter. Invesco Ltd. grew its stake in shares of Altria Group by 3.7% during the first quarter. Invesco Ltd. now owns 12,243,041 shares of the company’s stock valued at $734,827,000 after acquiring an additional 441,083 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Altria Group by 40.0% during the first quarter. JPMorgan Chase & Co. now owns 11,961,220 shares of the company’s stock valued at $717,913,000 after acquiring an additional 3,415,237 shares in the last quarter. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Altria Group Price Performance

NYSE MO opened at $64.72 on Friday. Altria Group, Inc. has a 12 month low of $49.58 and a 12 month high of $68.60. The firm has a market capitalization of $108.73 billion, a PE ratio of 12.52, a P/E/G ratio of 3.60 and a beta of 0.55. The company’s 50 day simple moving average is $65.76 and its 200 day simple moving average is $61.72.

Altria Group (NYSE:MO) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $5.21 billion. During the same quarter last year, the business earned $1.31 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. Sell-side analysts anticipate that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Monday, September 15th were given a $1.06 dividend. This represents a $4.24 annualized dividend and a yield of 6.6%. 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 (DPR) is presently 82.01%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Stifel Nicolaus set a $72.00 target price on shares of Altria Group in a report on Thursday, August 21st. UBS Group raised shares of Altria Group from a “sell” rating to a “neutral” rating and raised their target price for the stock from $47.00 to $59.00 in a report on Wednesday, July 2nd. The Goldman Sachs Group raised their target price on shares of Altria Group from $65.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. Bank of America lifted their price target on Altria Group from $64.00 to $72.00 and gave the company a “buy” rating in a report on Friday, August 22nd. Finally, Barclays lifted their price target on Altria Group from $49.00 to $57.00 and gave the company an “underweight” rating in a report on Wednesday, August 6th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Altria Group currently has an average rating of “Hold” and an average price target of $62.11.

About Altria Group

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.