111 Capital Invests $616,000 in Altria Group, Inc. $MO

111 Capital purchased a new position in Altria Group, Inc. (NYSE:MO) in the second quarter, HoldingsChannel reports. The firm purchased 10,505 shares of the company’s stock, valued at approximately $616,000.

A number of other institutional investors also recently made changes to their positions in MO. Mattson Financial Services LLC bought a new stake in shares of Altria Group in the 1st quarter worth approximately $25,000. Global X Japan Co. Ltd. bought a new stake in shares of Altria Group in the 2nd quarter worth approximately $25,000. Carderock Capital Management Inc. bought a new stake in shares of Altria Group in the 2nd quarter worth approximately $26,000. Inlight Wealth Management LLC bought a new stake in shares of Altria Group in the 1st quarter worth approximately $31,000. Finally, Sierra Ocean LLC raised its holdings in shares of Altria Group by 226.3% in the 1st quarter. Sierra Ocean LLC now owns 509 shares of the company’s stock worth $31,000 after purchasing an additional 353 shares in the last quarter. 57.41% of the stock is owned by institutional investors and hedge funds.

Altria Group Stock Performance

Shares of MO opened at $65.70 on Monday. The company has a market capitalization of $110.38 billion, a PE ratio of 12.71, a PEG ratio of 3.53 and a beta of 0.55. Altria Group, Inc. has a 52 week low of $48.86 and a 52 week high of $68.60. The company’s 50 day moving average price is $65.19 and its 200 day moving average price is $60.95.

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. The company had revenue of $5.29 billion during the quarter, compared to the consensus estimate of $5.21 billion. Altria Group had a net margin of 37.24% and a negative return on equity of 295.26%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.31 earnings per share. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. On average, equities analysts forecast that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Increases Dividend

The firm 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 positive change from Altria Group’s previous quarterly dividend of $1.02. This represents a $4.24 annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend is Monday, September 15th. Altria Group’s payout ratio is presently 82.01%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. The Goldman Sachs Group boosted their target price on shares of Altria Group from $65.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. Morgan Stanley boosted their target price on shares of Altria Group from $57.00 to $62.00 and gave the stock an “equal weight” rating in a report on Thursday, July 31st. Barclays boosted their price target 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. Jefferies Financial Group assumed coverage on shares of Altria Group in a report on Wednesday, July 9th. They set an “underperform” rating and a $50.00 price target on the stock. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Altria Group in a report on Saturday, September 27th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Altria Group presently has a consensus rating of “Hold” and a consensus target price of $62.11.

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.