Capital Advisors Inc. OK Has $1.07 Million Holdings in Altria Group, Inc. $MO

Capital Advisors Inc. OK decreased its position in Altria Group, Inc. (NYSE:MO) by 2.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 18,208 shares of the company’s stock after selling 546 shares during the period. Capital Advisors Inc. OK’s holdings in Altria Group were worth $1,068,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mattson Financial Services LLC purchased a new stake in shares of Altria Group in the first quarter valued at $25,000. Global X Japan Co. Ltd. acquired a new position in Altria Group during the second quarter valued at $25,000. Carderock Capital Management Inc. acquired a new position in Altria Group during the second quarter valued at $26,000. Inlight Wealth Management LLC purchased a new stake in Altria Group in the 1st quarter worth about $31,000. Finally, Sierra Ocean LLC boosted its position in Altria Group by 226.3% during the 1st quarter. Sierra Ocean LLC now owns 509 shares of the company’s stock worth $31,000 after acquiring an additional 353 shares during the period. 57.41% of the stock is currently owned by hedge funds and other institutional investors.

Altria Group Stock Down 0.6%

Shares of MO opened at $65.36 on Tuesday. The firm has a market cap of $109.80 billion, a price-to-earnings ratio of 12.64, a price-to-earnings-growth ratio of 3.53 and a beta of 0.55. The company’s fifty day moving average is $65.32 and its 200-day moving average is $61.00. Altria Group, Inc. has a 12 month low of $48.86 and a 12 month high of $68.60.

Altria Group (NYSE:MO) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.07. The firm had revenue of $5.29 billion during 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%. Altria Group’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the prior year, the company posted $1.31 earnings per share. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. As a group, research analysts predict that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Increases Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Barclays upped their target price on Altria Group from $49.00 to $57.00 and gave the company an “underweight” rating in a report on Wednesday, August 6th. The Goldman Sachs Group increased their target price on shares of Altria Group from $65.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Stifel Nicolaus set a $72.00 target price on shares of Altria Group in a research note on Thursday, August 21st. Morgan Stanley upped their price target on shares of Altria Group from $57.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 31st. Finally, UBS Group raised Altria Group from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $47.00 to $59.00 in a research report on Wednesday, July 2nd. Four 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 data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $62.11.

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.