Altria Group, Inc. $MO Shares Bought by Interchange Capital Partners LLC

Interchange Capital Partners LLC lifted its holdings in Altria Group, Inc. (NYSE:MO) by 8.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,851 shares of the company’s stock after acquiring an additional 632 shares during the period. Interchange Capital Partners LLC’s holdings in Altria Group were worth $460,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Altria Group in the second quarter worth $126,471,000. Central Valley Advisors LLC acquired a new stake in shares of Altria Group in the second quarter worth $1,715,000. Invst LLC increased its position in shares of Altria Group by 252.0% in the first quarter. Invst LLC now owns 16,188 shares of the company’s stock worth $972,000 after acquiring an additional 11,589 shares in the last quarter. Exchange Traded Concepts LLC increased its position in shares of Altria Group by 17.4% in the second quarter. Exchange Traded Concepts LLC now owns 1,086,060 shares of the company’s stock worth $63,676,000 after acquiring an additional 161,356 shares in the last quarter. Finally, Members Trust Co acquired a new stake in shares of Altria Group in the second quarter worth $227,000. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Price Performance

NYSE MO opened at $64.72 on Monday. Altria Group, Inc. has a 12 month low of $49.58 and a 12 month high of $68.60. The company has a market capitalization of $108.73 billion, a price-to-earnings ratio of 12.52, a price-to-earnings-growth ratio of 3.60 and a beta of 0.55. The company’s fifty day moving average price is $65.76 and its two-hundred day moving average price is $61.76.

Altria Group (NYSE:MO) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $1.44 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 firm had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $5.21 billion. During the same period in the prior year, the firm posted $1.31 EPS. The firm’s revenue 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 anticipate that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Monday, September 15th were paid a dividend of $1.06 per share. 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 payout ratio is currently 82.01%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus set a $72.00 price target on shares of Altria Group in a report on Thursday, August 21st. The Goldman Sachs Group raised their price target on shares of Altria Group from $65.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. Jefferies Financial Group assumed coverage on shares of Altria Group in a report on Wednesday, July 9th. They set 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 raised their price target for the company from $47.00 to $59.00 in a report on Wednesday, July 2nd. Finally, Bank of America raised their price target on shares of 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 issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price 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.