Dynamic Advisor Solutions LLC Buys 519 Shares of Altria Group, Inc. $MO

Dynamic Advisor Solutions LLC grew its stake in Altria Group, Inc. (NYSE:MO) by 0.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 71,458 shares of the company’s stock after acquiring an additional 519 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Altria Group were worth $4,190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in Altria Group by 0.8% during the first quarter. Vanguard Group Inc. now owns 158,117,225 shares of the company’s stock worth $9,490,196,000 after acquiring an additional 1,300,787 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Altria Group by 5.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 63,288,773 shares of the company’s stock valued at $3,798,592,000 after buying an additional 3,483,487 shares during the period. GQG Partners LLC increased its holdings in Altria Group by 8,146.4% in the 1st quarter. GQG Partners LLC now owns 18,698,594 shares of the company’s stock valued at $1,122,290,000 after buying an additional 18,471,846 shares during the period. Invesco Ltd. increased its holdings in Altria Group by 3.7% in the 1st quarter. Invesco Ltd. now owns 12,243,041 shares of the company’s stock valued at $734,827,000 after buying an additional 441,083 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Altria Group by 40.0% in the 1st quarter. JPMorgan Chase & Co. now owns 11,961,220 shares of the company’s stock valued at $717,913,000 after buying an additional 3,415,237 shares during the period. 57.41% of the stock is owned by institutional investors.

Altria Group Price Performance

NYSE:MO opened at $65.42 on Thursday. The firm’s 50 day simple moving average is $63.64 and its 200 day simple moving average is $60.30. Altria Group, Inc. has a one year low of $48.86 and a one year high of $68.60. The company has a market cap of $109.90 billion, a PE ratio of 12.65, a P/E/G ratio of 3.49 and a beta of 0.59.

Altria Group (NYSE:MO) last posted its earnings results on Wednesday, July 30th. The company reported $1.44 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $5.21 billion. During the same period last year, the company earned $1.31 EPS. The firm’s revenue was up .2% compared to the same quarter last year. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. Equities research analysts expect that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 15th will be given a dividend of $1.06 per share. The ex-dividend date is Monday, September 15th. This represents a $4.24 annualized dividend and a yield of 6.5%. This is a boost from Altria Group’s previous quarterly dividend of $1.02. Altria Group’s dividend payout ratio is 82.01%.

Analysts Set New Price Targets

MO has been the topic of several recent analyst reports. Bank of America raised their target price on shares of Altria Group from $64.00 to $72.00 and gave the company a “buy” rating in a report on Friday, August 22nd. UBS Group upgraded shares of Altria Group from a “sell” rating to a “neutral” rating and raised their price target for the company from $47.00 to $59.00 in a research note on Wednesday, July 2nd. Jefferies Financial Group assumed coverage on shares of Altria Group in a research note on Wednesday, July 9th. They issued an “underperform” rating and a $50.00 price target on the stock. Needham & Company LLC upgraded shares of Altria Group to a “hold” rating in a research note on Thursday, May 22nd. Finally, Barclays raised their price target on shares of Altria Group from $49.00 to $57.00 and gave the company an “underweight” rating in a research note on Wednesday, August 6th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus 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.