4,638 Shares in Altria Group, Inc. $MO Purchased by Schneider Downs Wealth Management Advisors LP

Schneider Downs Wealth Management Advisors LP bought a new position in shares of Altria Group, Inc. (NYSE:MO) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,638 shares of the company’s stock, valued at approximately $272,000.

Other institutional investors have also added to or reduced their stakes in the company. Mattson Financial Services LLC acquired a new stake in Altria Group during the first quarter worth about $25,000. Global X Japan Co. Ltd. acquired a new stake in Altria Group during the second quarter worth about $25,000. Carderock Capital Management Inc. acquired a new stake in Altria Group during the second quarter worth about $26,000. Sierra Ocean LLC grew its position in Altria Group by 226.3% during the first quarter. Sierra Ocean LLC now owns 509 shares of the company’s stock worth $31,000 after buying an additional 353 shares in the last quarter. Finally, TruNorth Capital Management LLC grew its position in Altria Group by 51.8% during the first quarter. TruNorth Capital Management LLC now owns 636 shares of the company’s stock worth $38,000 after buying an additional 217 shares in the last quarter. 57.41% of the stock is owned by institutional investors and hedge funds.

Altria Group Trading Up 0.2%

NYSE:MO opened at $64.72 on Friday. Altria Group, Inc. has a 1 year low of $49.58 and a 1 year high of $68.60. The firm has a 50 day moving average of $65.76 and a 200-day moving average of $61.72. The stock has a market capitalization of $108.73 billion, a P/E ratio of 12.52, a price-to-earnings-growth ratio of 3.60 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 (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 firm had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $5.21 billion. During the same quarter in the prior year, the business earned $1.31 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. As a group, analysts forecast that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.

Altria Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Monday, September 15th were issued a dividend of $1.06 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $4.24 annualized dividend and a yield of 6.6%. This is a positive change from Altria Group’s previous quarterly dividend of $1.02. Altria Group’s dividend payout ratio (DPR) is currently 82.01%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. UBS Group raised 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Altria Group in a report on Friday. Stifel Nicolaus set a $72.00 price objective on Altria Group in a report on Thursday, August 21st. Jefferies Financial Group assumed coverage on Altria Group in a report on Wednesday, July 9th. They set an “underperform” rating and a $50.00 price objective on the stock. Finally, Bank of America lifted their price objective on Altria Group from $64.00 to $72.00 and gave the company a “buy” rating in a report on Friday, August 22nd. Four investment 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $62.11.

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.