Country Club Bank Acquires 800 Shares of Altria Group, Inc. $MO

Country Club Bank lifted its holdings in shares of Altria Group, Inc. (NYSE:MO) by 16.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,540 shares of the company’s stock after purchasing an additional 800 shares during the period. Country Club Bank’s holdings in Altria Group were worth $325,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MO. Mattson Financial Services LLC purchased a new stake in shares of Altria Group in the first quarter worth approximately $25,000. Global X Japan Co. Ltd. purchased a new stake in shares of Altria Group in the second quarter worth approximately $25,000. Carderock Capital Management Inc. purchased a new stake in shares of Altria Group in the second quarter worth approximately $26,000. Sierra Ocean LLC raised its stake in shares of Altria Group by 226.3% in the first quarter. Sierra Ocean LLC now owns 509 shares of the company’s stock worth $31,000 after purchasing an additional 353 shares during the last quarter. Finally, Inlight Wealth Management LLC purchased a new stake in shares of Altria Group in the first quarter worth approximately $31,000. Institutional investors own 57.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on MO shares. Weiss Ratings reissued a “buy (b)” rating on shares of Altria Group in a research note on Wednesday. Morgan Stanley increased their price objective on Altria Group from $57.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 31st. UBS Group raised Altria Group from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $47.00 to $59.00 in a research note on Wednesday, July 2nd. Jefferies Financial Group assumed coverage on Altria Group in a research report on Wednesday, July 9th. They set an “underperform” rating and a $50.00 price target for the company. Finally, Barclays increased their price target on Altria Group from $49.00 to $57.00 and gave the company an “underweight” rating in a research report on Wednesday, August 6th. Four 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. Based on data from MarketBeat, Altria Group has an average rating of “Hold” and a consensus price target of $62.11.

Altria Group Trading Down 1.9%

Shares of NYSE MO opened at $65.41 on Thursday. The stock has a fifty day simple moving average of $65.54 and a two-hundred day simple moving average of $61.07. Altria Group, Inc. has a 1-year low of $48.86 and a 1-year high of $68.60. The firm has a market cap of $109.88 billion, a price-to-earnings ratio of 12.65, a price-to-earnings-growth ratio of 3.58 and a beta of 0.55.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.07. Altria Group had a negative return on equity of 295.26% and a net margin of 37.24%.The business had revenue of $5.29 billion during the quarter, compared to analyst estimates of $5.21 billion. During the same period in the prior year, the company earned $1.31 earnings per share. Altria Group’s revenue was up .2% compared to the same quarter last year. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. Analysts forecast that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Increases Dividend

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

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.