7,719 Shares in Altria Group, Inc. $MO Acquired by WealthBridge Capital Management LLC

WealthBridge Capital Management LLC bought a new stake in Altria Group, Inc. (NYSE:MO) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,719 shares of the company’s stock, valued at approximately $453,000.

A number of other large investors also recently added to or reduced their stakes in the company. Cozad Asset Management Inc. grew its stake in shares of Altria Group by 2.7% in the second quarter. Cozad Asset Management Inc. now owns 15,016 shares of the company’s stock valued at $880,000 after buying an additional 400 shares in the last quarter. Stevens Capital Management LP purchased a new position in Altria Group during the 2nd quarter valued at about $3,666,000. AlphaCore Capital LLC boosted its holdings in Altria Group by 52.2% during the 2nd quarter. AlphaCore Capital LLC now owns 13,856 shares of the company’s stock valued at $826,000 after acquiring an additional 4,753 shares during the period. Mufg Securities Americas Inc. grew its position in Altria Group by 24.4% in the 2nd quarter. Mufg Securities Americas Inc. now owns 37,332 shares of the company’s stock valued at $2,189,000 after acquiring an additional 7,332 shares in the last quarter. Finally, Evelyn Partners Investment Management LLP increased its stake in Altria Group by 229.9% during the second quarter. Evelyn Partners Investment Management LLP now owns 8,412 shares of the company’s stock worth $534,000 after purchasing an additional 5,862 shares during the period. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Altria Group Trading Down 0.0%

Shares of MO opened at $58.16 on Friday. Altria Group, Inc. has a twelve month low of $50.08 and a twelve month high of $68.60. The firm’s fifty day simple moving average is $62.50 and its 200-day simple moving average is $61.79. The firm has a market capitalization of $97.63 billion, a price-to-earnings ratio of 11.25, a PEG ratio of 3.45 and a beta of 0.51.

Altria Group (NYSE:MO) last issued its earnings results on Thursday, October 30th. The company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.01. The firm had revenue of $5.25 billion during the quarter, compared to the consensus estimate of $5.31 billion. Altria Group had a net margin of 37.24% and a negative return on equity of 295.26%. The company’s revenue was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.38 earnings per share. Altria Group has set its FY 2025 guidance at 5.370-5.45 EPS. On average, analysts predict that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group declared that its board has approved a share repurchase plan on Thursday, October 30th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 1.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. UBS Group lowered their price objective on shares of Altria Group from $68.00 to $61.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. The Goldman Sachs Group increased their target price on shares of Altria Group from $65.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. Barclays boosted their price target on shares of Altria Group from $49.00 to $57.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 6th. Morgan Stanley upped their price objective on Altria Group from $57.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 31st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Altria Group in a report on Wednesday, October 8th. 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 stock. According to MarketBeat.com, Altria Group has an average rating of “Hold” and a consensus target price of $62.33.

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.