Odyssean LLC Has $1.50 Million Stake in Altria Group, Inc. $MO

Odyssean LLC lifted its stake in Altria Group, Inc. (NYSE:MO) by 66.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,851 shares of the company’s stock after purchasing an additional 8,309 shares during the period. Odyssean LLC’s holdings in Altria Group were worth $1,500,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of MO. Illinois Municipal Retirement Fund boosted its position in shares of Altria Group by 7.1% in the 4th quarter. Illinois Municipal Retirement Fund now owns 668,243 shares of the company’s stock worth $38,531,000 after purchasing an additional 44,267 shares during the last quarter. Procyon Advisors LLC increased its holdings in Altria Group by 59.3% in the first quarter. Procyon Advisors LLC now owns 38,926 shares of the company’s stock valued at $2,569,000 after purchasing an additional 14,490 shares during the last quarter. Rayburn West Financial Services LLC acquired a new position in Altria Group in the fourth quarter valued at about $2,438,000. North Dakota State Investment Board acquired a new position in Altria Group in the fourth quarter valued at about $3,336,000. Finally, International Assets Investment Management LLC boosted its holdings in Altria Group by 206.7% during the fourth quarter. International Assets Investment Management LLC now owns 75,573 shares of the company’s stock worth $4,358,000 after buying an additional 50,931 shares during the last quarter. Institutional investors own 57.41% of the company’s stock.

Altria Group Stock Down 1.0%

MO stock opened at $68.80 on Friday. The company has a market cap of $114.88 billion, a price-to-earnings ratio of 14.51, a P/E/G ratio of 2.46 and a beta of 0.45. Altria Group, Inc. has a twelve month low of $54.70 and a twelve month high of $77.06. The business has a 50 day moving average price of $69.82 and a two-hundred day moving average price of $69.07.

Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.50 by ($0.02). The company had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.35 billion. Altria Group had a net margin of 33.99% and a negative return on equity of 315.29%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.44 EPS. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. On average, equities research analysts anticipate that Altria Group, Inc. will post 5.67 EPS for the current fiscal year.

Altria Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $1.11 per share. This represents a $4.44 dividend on an annualized basis and a dividend yield of 6.5%. This is an increase from Altria Group’s previous quarterly dividend of $1.06. The ex-dividend date is Tuesday, September 15th. Altria Group’s dividend payout ratio is 89.45%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on MO shares. Jefferies Financial Group raised their price objective on Altria Group from $50.00 to $60.00 and gave the stock an “underperform” rating in a research note on Wednesday, May 27th. BTIG Research began coverage on Altria Group in a report on Tuesday, July 21st. They issued a “neutral” rating for the company. Barclays dropped their price target on Altria Group from $64.00 to $58.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 11th. Wall Street Zen cut Altria Group from a “buy” rating to a “hold” rating in a report on Sunday, June 21st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Altria Group in a research report on Tuesday, July 14th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $70.11.

Altria Group Company Profile

Altria Group, Inc (NYSE: MO) is a U.S.-based consumer goods company whose principal business is the manufacture and sale of tobacco products. Headquartered in Richmond, Virginia, the company’s operations are focused primarily on the U.S. market and include the production, marketing and distribution of cigarettes, smokeless tobacco and cigars. Its flagship cigarette franchise in the United States is sold through its operating subsidiaries and is among the most recognizable cigarette brands in the country.

Altria’s principal operating businesses include Philip Morris USA (cigarettes), U.S.