Koshinski Asset Management Inc. Purchases 2,405 Shares of Altria Group, Inc. $MO

Koshinski Asset Management Inc. raised its position in shares of Altria Group, Inc. (NYSE:MO) by 6.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,085 shares of the company’s stock after purchasing an additional 2,405 shares during the period. Koshinski Asset Management Inc.’s holdings in Altria Group were worth $2,233,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Jacobi Capital Management LLC raised its position in Altria Group by 0.6% during the 1st quarter. Jacobi Capital Management LLC now owns 26,335 shares of the company’s stock valued at $1,581,000 after purchasing an additional 168 shares in the last quarter. Bar Harbor Wealth Management raised its position in Altria Group by 3.1% during the 2nd quarter. Bar Harbor Wealth Management now owns 5,656 shares of the company’s stock valued at $332,000 after purchasing an additional 169 shares in the last quarter. Vista Investment Partners II LLC raised its position in Altria Group by 4.2% during the 1st quarter. Vista Investment Partners II LLC now owns 4,302 shares of the company’s stock valued at $258,000 after purchasing an additional 174 shares in the last quarter. Wealth Alliance LLC raised its position in Altria Group by 1.9% during the 1st quarter. Wealth Alliance LLC now owns 9,452 shares of the company’s stock valued at $567,000 after purchasing an additional 174 shares in the last quarter. Finally, Patten & Patten Inc. TN increased its holdings in shares of Altria Group by 1.5% in the 1st quarter. Patten & Patten Inc. TN now owns 12,049 shares of the company’s stock valued at $723,000 after acquiring an additional 174 shares during the period. 57.41% of the stock is owned by institutional investors.

Altria Group Price Performance

Shares of MO stock opened at $65.00 on Friday. Altria Group, Inc. has a 1-year low of $48.86 and a 1-year high of $68.60. The stock’s fifty day moving average price is $65.90 and its 200 day moving average price is $61.41. The company has a market cap of $109.19 billion, a price-to-earnings ratio of 12.57, a price-to-earnings-growth ratio of 3.57 and a beta of 0.55.

Altria Group (NYSE:MO) last announced its earnings results on Wednesday, July 30th. The company reported $1.44 earnings per share for the quarter, topping 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 firm had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $5.21 billion. During the same period in the previous year, the business earned $1.31 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. As a group, equities research analysts anticipate that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Monday, September 15th were paid a dividend of $1.06 per share. This is a positive change from Altria Group’s previous quarterly dividend of $1.02. The ex-dividend date was Monday, September 15th. This represents a $4.24 annualized dividend and a yield of 6.5%. Altria Group’s dividend payout ratio (DPR) is presently 82.01%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MO. Bank of America lifted their price target on Altria Group from $64.00 to $72.00 and gave the company a “buy” rating in a report on Friday, August 22nd. Stifel Nicolaus set a $72.00 price target on Altria Group in a report on Thursday, August 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Altria Group in a report on Wednesday, October 8th. Barclays lifted their price target on Altria Group from $49.00 to $57.00 and gave the company an “underweight” rating in a report on Wednesday, August 6th. Finally, The Goldman Sachs Group lifted their price target on Altria Group from $65.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. Four 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 stock. According to MarketBeat.com, the company currently 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.