Altria Group, Inc. $MO Stock Holdings Lifted by Interchange Capital Partners LLC

Interchange Capital Partners LLC lifted its holdings in Altria Group, Inc. (NYSE:MO) by 8.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 7,851 shares of the company’s stock after purchasing an additional 632 shares during the period. Interchange Capital Partners LLC’s holdings in Altria Group were worth $460,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Altria Group in the 2nd quarter worth about $126,471,000. Central Valley Advisors LLC bought a new position in shares of Altria Group in the 2nd quarter worth about $1,715,000. Invst LLC lifted its position in shares of Altria Group by 252.0% in the 1st quarter. Invst LLC now owns 16,188 shares of the company’s stock worth $972,000 after buying an additional 11,589 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in Altria Group by 17.4% in the 2nd quarter. Exchange Traded Concepts LLC now owns 1,086,060 shares of the company’s stock valued at $63,676,000 after purchasing an additional 161,356 shares during the last quarter. Finally, Members Trust Co bought a new stake in Altria Group in the 2nd quarter valued at about $227,000. 57.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Altria Group in a research report on Friday. The Goldman Sachs Group lifted 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. Barclays lifted their price objective on shares of Altria Group from $49.00 to $57.00 and gave the company an “underweight” rating in a research report on Wednesday, August 6th. Stifel Nicolaus set a $72.00 price objective on shares of Altria Group in a research report on Thursday, August 21st. Finally, Jefferies Financial Group assumed coverage on shares of Altria Group in a research report on Wednesday, July 9th. They issued an “underperform” rating and a $50.00 price objective on the stock. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $62.11.

Altria Group Trading Up 0.2%

Altria Group stock opened at $64.72 on Monday. The stock has a market cap of $108.73 billion, a price-to-earnings ratio of 12.52, a PEG ratio of 3.60 and a beta of 0.55. The company’s 50-day moving average price is $65.76 and its two-hundred day moving average price is $61.76. Altria Group, Inc. has a 52 week low of $49.58 and a 52 week high of $68.60.

Altria Group (NYSE:MO) last released its 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. The firm had revenue of $5.29 billion for 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%. Altria Group’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the company earned $1.31 EPS. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. Research 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 announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Monday, September 15th were paid a dividend of $1.06 per share. This represents a $4.24 annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend was Monday, September 15th. This is a positive change from Altria Group’s previous quarterly dividend of $1.02. Altria Group’s dividend payout ratio is 82.01%.

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.