10,025 Shares in Altria Group, Inc. $MO Purchased by Swisher Financial Concepts Inc.

Swisher Financial Concepts Inc. acquired a new stake in Altria Group, Inc. (NYSE:MO) during the second quarter, Holdings Channel.com reports. The fund acquired 10,025 shares of the company’s stock, valued at approximately $588,000.

Several other hedge funds and other institutional investors also recently modified their holdings of MO. Brighton Jones LLC grew its position in Altria Group by 64.7% in the fourth 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 during the last quarter. Wood Tarver Financial Group LLC acquired a new stake in shares of Altria Group in the 4th quarter valued at approximately $68,000. Copia Wealth Management bought a new stake in shares of Altria Group during the 4th quarter valued at approximately $62,000. Centaurus Financial Inc. grew its holdings in shares of Altria Group by 12.0% during the 4th quarter. Centaurus Financial Inc. now owns 17,577 shares of the company’s stock valued at $919,000 after purchasing an additional 1,882 shares during the last quarter. Finally, 111 Capital acquired a new position in Altria Group during the 4th quarter worth approximately $795,000. Institutional investors own 57.41% of the company’s stock.

Analyst Ratings Changes

MO has been the topic of a number of research reports. Jefferies Financial Group assumed coverage on shares of Altria Group in a research note on Wednesday, July 9th. They set an “underperform” rating and a $50.00 target price on the stock. Bank of America lifted their price target 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. Barclays raised their price objective on Altria Group from $49.00 to $57.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 6th. UBS Group upgraded Altria Group from a “sell” rating to a “neutral” rating and upped their target price for the company from $47.00 to $59.00 in a report on Wednesday, July 2nd. Finally, Morgan Stanley lifted their price objective on Altria Group from $57.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 31st. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $60.88.

Altria Group Stock Up 0.1%

Shares of NYSE MO opened at $65.20 on Friday. The firm has a market cap of $109.53 billion, a PE ratio of 12.61, a P/E/G ratio of 3.50 and a beta of 0.59. The company’s fifty day simple moving average is $64.40 and its 200 day simple moving average is $60.60. Altria Group, Inc. has a 12-month low of $48.86 and a 12-month high of $68.60.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $1.44 earnings per share 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 analyst estimates of $5.21 billion. Altria Group had a net margin of 37.24% and a negative return on equity of 295.26%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.31 earnings per share. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. On average, equities analysts predict that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 15th will be paid a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a yield of 6.5%. This is a boost from Altria Group’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend is Monday, September 15th. Altria Group’s payout ratio is 82.01%.

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.