Altria Group, Inc. $MO Shares Purchased by Cwm LLC

Cwm LLC boosted its position in Altria Group, Inc. (NYSE:MO) by 5.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 353,626 shares of the company’s stock after purchasing an additional 17,584 shares during the quarter. Cwm LLC’s holdings in Altria Group were worth $20,733,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

Several equities analysts have recently commented on MO shares. UBS Group upgraded shares of Altria Group from a “sell” rating to a “neutral” rating and boosted their price target for the company from $47.00 to $59.00 in a report on Wednesday, July 2nd. Morgan Stanley upped their price objective 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. Weiss Ratings restated a “buy (b)” rating on shares of Altria Group in a report on Wednesday, October 8th. Bank of America upped their price objective on shares of Altria Group from $64.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, August 22nd. Finally, The Goldman Sachs Group lifted their price objective on Altria Group from $65.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $62.11.

Altria Group Price Performance

MO opened at $66.54 on Monday. The company has a market capitalization of $111.78 billion, a P/E ratio of 12.87, a P/E/G ratio of 3.70 and a beta of 0.55. The firm’s fifty day moving average price is $65.72 and its two-hundred day moving average price is $61.24. Altria Group, Inc. has a fifty-two week low of $48.86 and a fifty-two week high of $68.60.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07. Altria Group had a net margin of 37.24% and a negative return on equity of 295.26%. The company had revenue of $5.29 billion during the quarter, compared to analysts’ expectations of $5.21 billion. During the same quarter in the prior year, the company posted $1.31 EPS. The business’s revenue was up .2% on a year-over-year basis. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. On average, equities research analysts expect that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.

Altria Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Monday, September 15th were given a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a yield of 6.4%. This is a boost from Altria Group’s previous quarterly dividend of $1.02. The ex-dividend date was Monday, September 15th. Altria Group’s dividend payout ratio (DPR) is presently 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.