Kathmere Capital Management LLC Buys 6,117 Shares of Altria Group, Inc. $MO

Kathmere Capital Management LLC raised its holdings in shares of Altria Group, Inc. (NYSE:MO) by 13.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 52,404 shares of the company’s stock after acquiring an additional 6,117 shares during the quarter. Kathmere Capital Management LLC’s holdings in Altria Group were worth $3,072,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. ST Germain D J Co. Inc. boosted its stake in shares of Altria Group by 25.8% during the 2nd quarter. ST Germain D J Co. Inc. now owns 5,094 shares of the company’s stock worth $299,000 after acquiring an additional 1,044 shares during the last quarter. Swisher Financial Concepts Inc. purchased a new position in shares of Altria Group during the 2nd quarter worth $588,000. FCG Investment Co purchased a new position in shares of Altria Group during the 2nd quarter worth $1,237,000. Patron Partners LLC boosted its stake in shares of Altria Group by 15.9% during the 2nd quarter. Patron Partners LLC now owns 14,155 shares of the company’s stock worth $830,000 after acquiring an additional 1,938 shares during the last quarter. Finally, LS Investment Advisors LLC boosted its stake in shares of Altria Group by 33.3% during the 2nd quarter. LS Investment Advisors LLC now owns 13,085 shares of the company’s stock worth $767,000 after acquiring an additional 3,268 shares during the last quarter. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MO. Barclays lifted their price target on shares of Altria Group from $49.00 to $57.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 6th. UBS Group upgraded shares of Altria Group from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $47.00 to $59.00 in a research note on Wednesday, July 2nd. Stifel Nicolaus set a $72.00 target price on shares of Altria Group in a research note on Thursday, August 21st. Jefferies Financial Group began 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. Finally, Bank of America lifted their target price on shares of Altria Group from $64.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, August 22nd. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $60.88.

Altria Group Stock Performance

MO opened at $65.67 on Friday. Altria Group, Inc. has a fifty-two week low of $48.86 and a fifty-two week high of $68.60. The firm’s fifty day moving average is $64.55 and its 200 day moving average is $60.65. The stock has a market cap of $110.32 billion, a price-to-earnings ratio of 12.70, a price-to-earnings-growth ratio of 3.51 and a beta of 0.59.

Altria Group (NYSE:MO) last announced its quarterly 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. 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 business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.31 EPS. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. On average, equities research analysts predict that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Increases Dividend

The business also recently declared 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 annualized dividend and a yield of 6.5%. The ex-dividend date is Monday, September 15th. This is an increase from Altria Group’s previous quarterly dividend of $1.02. Altria Group’s dividend payout ratio is presently 82.01%.

Altria Group Company 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.