Robeco Institutional Asset Management B.V. Acquires 15,563 Shares of Altria Group, Inc. $MO

Robeco Institutional Asset Management B.V. boosted its stake in Altria Group, Inc. (NYSE:MO) by 2.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 711,048 shares of the company’s stock after acquiring an additional 15,563 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Altria Group were worth $41,689,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MO. Jacobi Capital Management LLC boosted its position in Altria Group by 0.6% during the 1st quarter. Jacobi Capital Management LLC now owns 26,335 shares of the company’s stock valued at $1,581,000 after acquiring an additional 168 shares in the last quarter. Vista Investment Partners II LLC boosted its position in shares of Altria Group by 4.2% during the first quarter. Vista Investment Partners II LLC now owns 4,302 shares of the company’s stock valued at $258,000 after purchasing an additional 174 shares in the last quarter. Wealth Alliance LLC boosted its position in shares of Altria Group by 1.9% during the first quarter. Wealth Alliance LLC now owns 9,452 shares of the company’s stock valued at $567,000 after purchasing an additional 174 shares in the last quarter. Patten & Patten Inc. TN grew its stake in Altria Group by 1.5% in the first quarter. Patten & Patten Inc. TN now owns 12,049 shares of the company’s stock worth $723,000 after purchasing an additional 174 shares during the period. Finally, Baron Silver Stevens Financial Advisors LLC raised its holdings in Altria Group by 2.7% in the first quarter. Baron Silver Stevens Financial Advisors LLC now owns 6,762 shares of the company’s stock worth $406,000 after purchasing an additional 175 shares in the last quarter. 57.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MO has been the topic of a number of research reports. Barclays boosted their target price on shares of Altria Group from $49.00 to $57.00 and gave the company an “underweight” rating in a report on Wednesday, August 6th. Stifel Nicolaus set a $72.00 price objective on shares of Altria Group in a report on Thursday, August 21st. 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 report on Friday, August 22nd. Jefferies Financial Group assumed coverage on Altria Group in a research report on Wednesday, July 9th. They issued an “underperform” rating and a $50.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Altria Group in a research report on Saturday, September 27th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $60.88.

Altria Group Price Performance

Altria Group stock opened at $65.70 on Friday. Altria Group, Inc. has a one year low of $48.86 and a one year high of $68.60. The business’s fifty day moving average is $65.19 and its 200 day moving average is $60.91. The stock has a market capitalization of $110.38 billion, a PE ratio of 12.71, a price-to-earnings-growth ratio of 3.54 and a beta of 0.55.

Altria Group (NYSE:MO) last issued its earnings results on Wednesday, July 30th. The company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.07. The business had revenue of $5.29 billion during the quarter, compared to analyst estimates of $5.21 billion. Altria Group had a negative return on equity of 295.26% and a net margin of 37.24%.Altria Group’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.31 EPS. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. As a group, sell-side analysts expect that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.

Altria Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 15th will be given a $1.06 dividend. 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. This represents a $4.24 dividend on an annualized basis and a yield of 6.5%. Altria Group’s 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.