Altria Group, Inc. $MO Shares Bought by Journey Strategic Wealth LLC

Journey Strategic Wealth LLC grew its holdings in Altria Group, Inc. (NYSE:MO) by 99.3% during the second quarter, HoldingsChannel reports. The firm owned 14,741 shares of the company’s stock after acquiring an additional 7,344 shares during the period. Journey Strategic Wealth LLC’s holdings in Altria Group were worth $864,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in MO. Mattson Financial Services LLC purchased a new position in Altria Group during the first quarter worth approximately $25,000. Global X Japan Co. Ltd. purchased a new stake in Altria Group in the 2nd quarter valued at $25,000. Carderock Capital Management Inc. purchased a new stake in Altria Group in the 2nd quarter valued at $26,000. Anfield Capital Management LLC increased its stake in shares of Altria Group by 334.7% in the 2nd quarter. Anfield Capital Management LLC now owns 539 shares of the company’s stock worth $32,000 after acquiring an additional 415 shares during the last quarter. Finally, Winnow Wealth LLC purchased a new position in shares of Altria Group during the 2nd quarter worth $35,000. 57.41% of the stock is currently owned by hedge funds and other institutional investors.

Altria Group Stock Performance

Altria Group stock opened at $58.16 on Friday. The company has a market capitalization of $97.63 billion, a PE ratio of 11.25, a price-to-earnings-growth ratio of 3.45 and a beta of 0.51. Altria Group, Inc. has a fifty-two week low of $50.08 and a fifty-two week high of $68.60. The firm has a 50 day moving average price of $62.50 and a 200 day moving average price of $61.79.

Altria Group (NYSE:MO) last released its quarterly earnings results on Thursday, October 30th. The company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.01. Altria Group had a negative return on equity of 295.26% and a net margin of 37.24%.The company had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.31 billion. During the same period in the prior year, the firm earned $1.38 earnings per share. The firm’s revenue was down 3.0% compared to the same quarter last year. Altria Group has set its FY 2025 guidance at 5.370-5.45 EPS. As a group, equities research analysts forecast that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group declared that its board has authorized a stock repurchase plan on Thursday, October 30th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the company to repurchase up to 1.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several research analysts have recently weighed in on MO shares. Stifel Nicolaus set a $72.00 price target on shares of Altria Group in a research report on Thursday, August 21st. The Goldman Sachs Group lifted their target price on shares of Altria Group from $65.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. UBS Group decreased their target price on shares of Altria Group from $68.00 to $61.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Morgan Stanley increased their price target on shares of Altria Group from $57.00 to $62.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Altria Group in a research report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Altria Group presently has a consensus rating of “Hold” and an average target price of $62.33.

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.