Jacobsen Capital Management Takes Position in Altria Group, Inc. $MO

Jacobsen Capital Management purchased a new position in shares of Altria Group, Inc. (NYSE:MO) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,435 shares of the company’s stock, valued at approximately $201,000.

Other hedge funds also recently bought and sold shares of the company. GQG Partners LLC lifted its position in shares of Altria Group by 8,146.4% during the first quarter. GQG Partners LLC now owns 18,698,594 shares of the company’s stock worth $1,122,290,000 after purchasing an additional 18,471,846 shares during the last quarter. Nuveen LLC purchased a new position in Altria Group in the 1st quarter worth about $219,141,000. Charles Schwab Investment Management Inc. increased its stake in Altria Group by 5.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 63,288,773 shares of the company’s stock worth $3,798,592,000 after buying an additional 3,483,487 shares during the period. JPMorgan Chase & Co. lifted its holdings in Altria Group by 40.0% during the 1st quarter. JPMorgan Chase & Co. now owns 11,961,220 shares of the company’s stock valued at $717,913,000 after buying an additional 3,415,237 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its position in Altria Group by 111.3% in the 1st quarter. Raymond James Financial Inc. now owns 5,558,252 shares of the company’s stock valued at $333,606,000 after buying an additional 2,928,006 shares during the period. Institutional investors own 57.41% of the company’s stock.

Altria Group Stock Down 1.0%

Shares of MO opened at $63.77 on Wednesday. The company has a 50 day moving average of $65.83 and a two-hundred day moving average of $61.54. Altria Group, Inc. has a twelve month low of $49.16 and a twelve month high of $68.60. The company has a market cap of $107.13 billion, a price-to-earnings ratio of 12.34, a price-to-earnings-growth ratio of 3.58 and a beta of 0.55.

Altria Group (NYSE:MO) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $5.21 billion. During the same quarter last year, the firm earned $1.31 EPS. The business’s quarterly 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, sell-side analysts expect that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Monday, September 15th were paid a $1.06 dividend. 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 dividend on an annualized basis and a yield of 6.6%. Altria Group’s dividend payout ratio (DPR) is 82.01%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MO shares. Stifel Nicolaus set a $72.00 target price on shares of Altria Group in a research report on Thursday, August 21st. Bank of America raised their target price on shares of Altria Group from $64.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, August 22nd. Jefferies Financial Group initiated coverage on shares of Altria Group in a research report on Wednesday, July 9th. They issued an “underperform” rating and a $50.00 price target for the company. UBS Group raised shares of Altria Group from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $47.00 to $59.00 in a report on Wednesday, July 2nd. Finally, The Goldman Sachs Group upped their target price on Altria Group from $65.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Altria Group has a consensus rating of “Hold” and a consensus price target of $62.11.

Altria Group Company 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.