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

CreativeOne Wealth LLC raised its stake in Altria Group, Inc. (NYSE:MO) by 23.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 191,753 shares of the company’s stock after purchasing an additional 36,189 shares during the period. CreativeOne Wealth LLC’s holdings in Altria Group were worth $11,509,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of MO. NorthCrest Asset Manangement LLC lifted its holdings in Altria Group by 88.5% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 8,536 shares of the company’s stock worth $512,000 after buying an additional 4,007 shares during the last quarter. Brighton Jones LLC raised its position in shares of Altria Group by 64.7% during the 4th quarter. Brighton Jones LLC now owns 17,702 shares of the company’s stock valued at $926,000 after acquiring an additional 6,954 shares in the last quarter. GAMMA Investing LLC lifted its stake in Altria Group by 17.8% during the first quarter. GAMMA Investing LLC now owns 36,028 shares of the company’s stock worth $2,162,000 after purchasing an additional 5,440 shares during the last quarter. Patron Partners LLC lifted its stake in Altria Group by 12.2% during the first quarter. Patron Partners LLC now owns 12,217 shares of the company’s stock worth $733,000 after purchasing an additional 1,325 shares during the last quarter. Finally, Simplicity Wealth LLC boosted its holdings in Altria Group by 152.2% in the first quarter. Simplicity Wealth LLC now owns 58,268 shares of the company’s stock worth $3,497,000 after purchasing an additional 35,168 shares during the period. Institutional investors own 57.41% of the company’s stock.

Altria Group Stock Performance

Shares of MO stock opened at $66.54 on Wednesday. Altria Group, Inc. has a 1 year low of $48.86 and a 1 year high of $68.60. The firm has a market capitalization of $111.79 billion, a PE ratio of 12.87, a price-to-earnings-growth ratio of 3.61 and a beta of 0.59. The stock has a fifty day moving average of $61.39 and a two-hundred day moving average of $59.00.

Altria Group (NYSE:MO) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07. The business 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%. The company’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the business earned $1.31 earnings per share. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. Equities research analysts predict that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Monday, September 15th will be paid a $1.06 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 6.4%. This is an increase from Altria Group’s previous quarterly dividend of $1.02. Altria Group’s dividend payout ratio (DPR) is currently 82.01%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on MO shares. Needham & Company LLC upgraded shares of Altria Group to a “hold” rating in a research report on Thursday, May 22nd. Bank of America raised their target price on shares of Altria Group from $64.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, August 22nd. Morgan Stanley upped their target price on Altria Group from $57.00 to $62.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. Barclays increased their price target on Altria Group from $49.00 to $57.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 6th. Finally, UBS Group upgraded Altria Group from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $47.00 to $59.00 in a research note on Wednesday, July 2nd. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $60.88.

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.