Kavar Capital Partners Group LLC Purchases 600 Shares of Altria Group, Inc. $MO

Kavar Capital Partners Group LLC boosted its holdings in Altria Group, Inc. (NYSE:MO) by 1.9% in the second quarter, Holdings Channel reports. The institutional investor owned 32,535 shares of the company’s stock after buying an additional 600 shares during the period. Kavar Capital Partners Group LLC’s holdings in Altria Group were worth $1,908,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in shares of Altria Group by 64.7% during 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. Wellington Management Group LLP increased its holdings in Altria Group by 15.9% in the fourth quarter. Wellington Management Group LLP now owns 263,131 shares of the company’s stock valued at $13,759,000 after purchasing an additional 36,167 shares during the period. GAMMA Investing LLC raised its position in Altria Group by 6,969.4% during the 1st quarter. GAMMA Investing LLC now owns 2,162,401 shares of the company’s stock worth $129,787,000 after purchasing an additional 2,131,813 shares during the last quarter. Douglas Lane & Associates LLC lifted its holdings in Altria Group by 62.1% during the 1st quarter. Douglas Lane & Associates LLC now owns 7,671 shares of the company’s stock worth $460,000 after buying an additional 2,940 shares during the period. Finally, Fiduciary Alliance LLC lifted its holdings in Altria Group by 69.6% during the 1st quarter. Fiduciary Alliance LLC now owns 8,759 shares of the company’s stock worth $526,000 after buying an additional 3,594 shares during the period. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MO. Bank of America increased their price target on Altria Group from $64.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, August 22nd. Barclays raised their price target on shares of Altria Group from $49.00 to $57.00 and gave the stock an “underweight” rating in a report on Wednesday, August 6th. UBS Group raised shares of Altria Group from a “sell” rating to a “neutral” rating and upped their price objective for the company 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. Finally, Morgan Stanley boosted their target price on shares of Altria Group from $57.00 to $62.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. Two 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 data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $60.88.

Altria Group Stock Down 0.2%

NYSE:MO opened at $65.58 on Tuesday. Altria Group, Inc. has a twelve month low of $48.86 and a twelve month high of $68.60. The company has a fifty day moving average of $64.68 and a 200-day moving average of $60.73. The firm has a market capitalization of $110.17 billion, a P/E ratio of 12.68, a P/E/G ratio of 3.53 and a beta of 0.59.

Altria Group (NYSE:MO) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $5.21 billion. During the same period last year, the company posted $1.31 earnings per share. The business’s quarterly revenue was up .2% on a year-over-year basis. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. On average, analysts anticipate that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.

Altria Group Increases Dividend

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

About Altria Group

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.