JFS Wealth Advisors LLC Has $193,000 Holdings in Altria Group, Inc. $MO

JFS Wealth Advisors LLC increased its holdings in Altria Group, Inc. (NYSE:MO) by 6.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,290 shares of the company’s stock after acquiring an additional 212 shares during the period. JFS Wealth Advisors LLC’s holdings in Altria Group were worth $193,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Mattson Financial Services LLC purchased a new stake in Altria Group in the 1st quarter valued at about $25,000. Global X Japan Co. Ltd. purchased a new stake in Altria Group in the 2nd quarter valued at about $25,000. Carderock Capital Management Inc. purchased a new stake in Altria Group in the 2nd quarter valued at about $26,000. Inlight Wealth Management LLC purchased a new stake in Altria Group in the 1st quarter valued at about $31,000. Finally, Sierra Ocean LLC increased its stake in Altria Group by 226.3% in the 1st quarter. Sierra Ocean LLC now owns 509 shares of the company’s stock valued at $31,000 after buying an additional 353 shares during the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on MO. Morgan Stanley increased their price objective on shares of Altria Group from $57.00 to $62.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. Weiss Ratings restated a “buy (b)” rating on shares of Altria Group in a research note on Wednesday. UBS Group upgraded shares of Altria Group from a “sell” rating to a “neutral” rating and raised their price target for the stock from $47.00 to $59.00 in a research note on Wednesday, July 2nd. Jefferies Financial Group assumed coverage on shares of Altria Group in a research note on Wednesday, July 9th. They set an “underperform” rating and a $50.00 price target for the company. Finally, Bank of America raised their price target on shares of Altria Group from $64.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, August 22nd. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $62.11.

Altria Group Stock Up 1.2%

Shares of MO stock opened at $66.54 on Friday. The company has a 50 day moving average of $65.72 and a 200-day moving average of $61.22. The firm has a market cap of $111.78 billion, a P/E ratio of 12.87, a PEG ratio of 3.70 and a beta of 0.55. Altria Group, Inc. has a 12-month low of $48.86 and a 12-month high of $68.60.

Altria Group (NYSE:MO) last released its quarterly earnings data 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%. Altria Group’s revenue for the quarter was up .2% on a year-over-year basis. During the same period last year, the firm earned $1.31 EPS. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. As a group, equities analysts expect that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Monday, September 15th were issued 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 was Monday, September 15th. This represents a $4.24 annualized dividend and a yield of 6.4%. Altria Group’s payout ratio is 82.01%.

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.