Sachetta LLC Has $42,000 Stake in Altria Group, Inc. $MO

Sachetta LLC lowered its position in Altria Group, Inc. (NYSE:MO) by 47.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 708 shares of the company’s stock after selling 638 shares during the period. Sachetta LLC’s holdings in Altria Group were worth $42,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Altria Group by 0.8% in the first quarter. Vanguard Group Inc. now owns 158,117,225 shares of the company’s stock worth $9,490,196,000 after buying an additional 1,300,787 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Altria Group by 5.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 63,288,773 shares of the company’s stock worth $3,798,592,000 after buying an additional 3,483,487 shares during the last quarter. GQG Partners LLC boosted its position in Altria Group by 8,146.4% during the first quarter. GQG Partners LLC now owns 18,698,594 shares of the company’s stock worth $1,122,290,000 after purchasing an additional 18,471,846 shares during the period. Invesco Ltd. boosted its position in Altria Group by 3.7% during the first quarter. Invesco Ltd. now owns 12,243,041 shares of the company’s stock worth $734,827,000 after purchasing an additional 441,083 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Altria Group by 40.0% during the first quarter. JPMorgan Chase & Co. now owns 11,961,220 shares of the company’s stock worth $717,913,000 after purchasing an additional 3,415,237 shares during the period. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Trading Up 1.9%

Shares of NYSE MO opened at $66.64 on Wednesday. The business has a fifty day simple moving average of $65.46 and a 200 day simple moving average of $61.04. The firm has a market capitalization of $111.94 billion, a price-to-earnings ratio of 12.89, a PEG ratio of 3.52 and a beta of 0.55. Altria Group, Inc. has a one year low of $48.86 and a one year high of $68.60.

Altria Group (NYSE:MO) last issued its earnings results on Wednesday, July 30th. The company reported $1.44 EPS for the quarter, beating 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 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. On average, research analysts anticipate that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 15th will be paid a $1.06 dividend. The ex-dividend date is Monday, September 15th. This is a positive change from Altria Group’s previous quarterly dividend of $1.02. This represents a $4.24 dividend on an annualized basis and a dividend yield of 6.4%. Altria Group’s dividend payout ratio is currently 82.01%.

Wall Street Analyst Weigh In

MO has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Altria Group in a research report on Saturday, September 27th. Stifel Nicolaus set a $72.00 target price on Altria Group in a research report on Thursday, August 21st. Jefferies Financial Group initiated coverage on Altria Group in a research report on Wednesday, July 9th. They set an “underperform” rating and a $50.00 target price for the company. Bank of America upped their target price on Altria Group from $64.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, August 22nd. Finally, Barclays upped their target price on Altria Group from $49.00 to $57.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 6th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $62.11.

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.