85,566 Shares in Altria Group, Inc. $MO Acquired by Jupiter Topco LLC

Jupiter Topco LLC purchased a new stake in Altria Group, Inc. (NYSE:MO) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 85,566 shares of the company’s stock, valued at approximately $6,156,000.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in shares of Altria Group by 64.7% in the fourth quarter. Brighton Jones LLC now owns 17,702 shares of the company’s stock valued at $926,000 after purchasing an additional 6,954 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Altria Group by 86.3% during the second quarter. Sivia Capital Partners LLC now owns 6,361 shares of the company’s stock worth $373,000 after buying an additional 2,946 shares in the last quarter. Schnieders Capital Management LLC. grew its holdings in shares of Altria Group by 6.9% during the second quarter. Schnieders Capital Management LLC. now owns 9,630 shares of the company’s stock worth $565,000 after buying an additional 618 shares in the last quarter. Gamco Investors INC. ET AL acquired a new stake in Altria Group in the 2nd quarter valued at approximately $346,000. Finally, AXA S.A. acquired a new stake in Altria Group in the 2nd quarter valued at approximately $5,752,000. Institutional investors own 57.41% of the company’s stock.

Altria Group Stock Performance

MO opened at $68.39 on Tuesday. The business’s 50-day simple moving average is $70.08 and its 200 day simple moving average is $69.01. Altria Group, Inc. has a 52-week low of $54.70 and a 52-week high of $77.06. The firm has a market capitalization of $114.19 billion, a PE ratio of 14.43, a PEG ratio of 2.43 and a beta of 0.46.

Altria Group (NYSE:MO) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.02). The company had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $5.35 billion. Altria Group had a net margin of 33.99% and a negative return on equity of 315.29%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.44 earnings per share. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. On average, research analysts forecast that Altria Group, Inc. will post 5.67 earnings per share for the current year.

Altria Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Tuesday, September 15th will be issued a $1.11 dividend. This represents a $4.44 annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend is Tuesday, September 15th. This is a boost from Altria Group’s previous quarterly dividend of $1.06. Altria Group’s payout ratio is currently 89.45%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Jefferies Financial Group boosted their target price on Altria Group from $50.00 to $60.00 and gave the company an “underperform” rating in a research note on Wednesday, May 27th. Barclays decreased their price target on shares of Altria Group from $64.00 to $58.00 and set an “underweight” rating for the company in a research note on Tuesday, August 11th. BTIG Research began coverage on shares of Altria Group in a report on Tuesday, July 21st. They issued a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Altria Group from $60.00 to $66.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. Finally, UBS Group increased their target price on shares of Altria Group from $76.00 to $79.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $70.11.

About Altria Group

Altria Group, Inc (NYSE: MO) is a U.S.-based consumer goods company whose principal business is the manufacture and sale of tobacco products. Headquartered in Richmond, Virginia, the company’s operations are focused primarily on the U.S. market and include the production, marketing and distribution of cigarettes, smokeless tobacco and cigars. Its flagship cigarette franchise in the United States is sold through its operating subsidiaries and is among the most recognizable cigarette brands in the country.

Altria’s principal operating businesses include Philip Morris USA (cigarettes), U.S.