Altria Group, Inc. $MO Stock Position Raised by Cobblestone Capital Advisors LLC NY

Cobblestone Capital Advisors LLC NY grew its stake in shares of Altria Group, Inc. (NYSE:MO) by 45.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,646 shares of the company’s stock after purchasing an additional 2,382 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in Altria Group were worth $448,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Bessemer Group Inc. grew its position in Altria Group by 6.0% in the 2nd quarter. Bessemer Group Inc. now owns 36,459 shares of the company’s stock worth $2,137,000 after purchasing an additional 2,049 shares during the last quarter. GoalVest Advisory LLC grew its position in Altria Group by 2.9% in the 2nd quarter. GoalVest Advisory LLC now owns 28,734 shares of the company’s stock worth $1,685,000 after purchasing an additional 815 shares during the last quarter. First Command Advisory Services Inc. grew its holdings in Altria Group by 6.4% in the 2nd quarter. First Command Advisory Services Inc. now owns 3,466 shares of the company’s stock worth $203,000 after buying an additional 208 shares in the last quarter. Ashton Thomas Private Wealth LLC grew its holdings in Altria Group by 1.1% in the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 42,399 shares of the company’s stock worth $2,529,000 after buying an additional 481 shares in the last quarter. Finally, Delta Investment Management LLC grew its stake in shares of Altria Group by 13.9% in the second quarter. Delta Investment Management LLC now owns 7,259 shares of the company’s stock worth $426,000 after purchasing an additional 886 shares in the last quarter. 57.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Jefferies Financial Group began coverage on shares of Altria Group in a research report on Wednesday, July 9th. They issued an “underperform” rating and a $50.00 target price for the company. Stifel Nicolaus set a $72.00 price objective on shares of Altria Group in a research report on Thursday, August 21st. The Goldman Sachs Group raised their price objective on shares of Altria Group from $65.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. UBS Group upgraded shares of Altria Group from a “sell” rating to a “neutral” rating and raised their price objective for the company from $47.00 to $59.00 in a research report on Wednesday, July 2nd. Finally, Morgan Stanley raised their target price on shares of Altria Group from $57.00 to $62.00 and gave the stock an “equal weight” rating in a report on Thursday, July 31st. Four 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. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $62.11.

Altria Group Stock Performance

Altria Group stock opened at $63.71 on Tuesday. The firm has a market capitalization of $107.03 billion, a price-to-earnings ratio of 12.32, a P/E/G ratio of 3.60 and a beta of 0.55. The company has a 50 day moving average price of $65.72 and a 200 day moving average price of $61.81. Altria Group, Inc. has a 52 week low of $49.73 and a 52 week 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, 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 business had revenue of $5.29 billion during the quarter, compared to analysts’ expectations of $5.21 billion. During the same quarter last year, the firm posted $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. Equities analysts forecast that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Monday, September 15th were paid a dividend of $1.06 per share. This is an increase 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 dividend on an annualized basis and a dividend yield of 6.7%. Altria Group’s dividend payout ratio (DPR) is 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.