Schnieders Capital Management LLC Has $565,000 Position in Altria Group, Inc. $MO

Schnieders Capital Management LLC lifted its stake in Altria Group, Inc. (NYSE:MO) by 6.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,630 shares of the company’s stock after buying an additional 618 shares during the period. Schnieders Capital Management LLC’s holdings in Altria Group were worth $565,000 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. Jacobi Capital Management LLC increased its position in shares of Altria Group by 0.6% during the first 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 during the period. Bar Harbor Wealth Management boosted its stake in Altria Group by 3.1% during the second quarter. Bar Harbor Wealth Management now owns 5,656 shares of the company’s stock worth $332,000 after buying an additional 169 shares in the last quarter. Vista Investment Partners II LLC boosted its stake in Altria Group by 4.2% during the first quarter. Vista Investment Partners II LLC now owns 4,302 shares of the company’s stock worth $258,000 after buying an additional 174 shares in the last quarter. Wealth Alliance LLC increased its holdings in Altria Group by 1.9% in the 1st quarter. Wealth Alliance LLC now owns 9,452 shares of the company’s stock valued at $567,000 after buying an additional 174 shares during the period. Finally, Patten & Patten Inc. TN raised its stake 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 buying an additional 174 shares in the last quarter. 57.41% of the stock is currently owned by institutional investors.

Altria Group Trading Up 1.2%

NYSE MO opened at $65.00 on Monday. The firm has a market cap of $109.19 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 3.62 and a beta of 0.55. The company has a 50 day moving average of $65.90 and a 200-day moving average of $61.46. Altria Group, Inc. has a 1-year low of $48.86 and a 1-year high of $68.60.

Altria Group (NYSE:MO) last announced its earnings results on Wednesday, July 30th. The company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.37 by $0.07. The business had revenue of $5.29 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the business earned $1.31 EPS. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. On average, analysts forecast 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. Stockholders of record on Monday, September 15th were issued a dividend of $1.06 per share. The ex-dividend date was Monday, September 15th. This is a boost from Altria Group’s previous quarterly dividend of $1.02. This represents a $4.24 annualized dividend and a dividend yield of 6.5%. Altria Group’s dividend payout ratio (DPR) is currently 82.01%.

Wall Street Analysts Forecast Growth

MO has been the topic of several recent research reports. Morgan Stanley lifted their target price on shares of Altria Group from $57.00 to $62.00 and gave the company an “equal weight” rating in a research report on Thursday, July 31st. Barclays lifted their price objective on Altria Group from $49.00 to $57.00 and gave the company an “underweight” rating in a report on Wednesday, August 6th. UBS Group upgraded Altria Group from a “sell” rating to a “neutral” rating and raised their target price for the stock from $47.00 to $59.00 in a research report on Wednesday, July 2nd. Stifel Nicolaus set a $72.00 price target on Altria Group in a research note on Thursday, August 21st. Finally, The Goldman Sachs Group upped their price target on Altria Group from $65.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $62.11.

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.