Altria Group, Inc. $MO Stock Position Trimmed by Rogco LP

Rogco LP lessened its holdings in shares of Altria Group, Inc. (NYSE:MO) by 6.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 11,889 shares of the company’s stock after selling 821 shares during the quarter. Rogco LP’s holdings in Altria Group were worth $697,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MO. Brighton Jones LLC grew its stake in shares of Altria Group by 64.7% in the 4th quarter. Brighton Jones LLC now owns 17,702 shares of the company’s stock worth $926,000 after purchasing an additional 6,954 shares during the last quarter. Fiduciary Alliance LLC boosted its holdings in shares of Altria Group by 69.6% in the first quarter. Fiduciary Alliance LLC now owns 8,759 shares of the company’s stock worth $526,000 after buying an additional 3,594 shares during the period. NBC Securities Inc. increased its position in shares of Altria Group by 119,328.6% in the first quarter. NBC Securities Inc. now owns 16,720 shares of the company’s stock worth $1,003,000 after acquiring an additional 16,706 shares in the last quarter. Fragasso Financial Advisors Inc lifted its position in shares of Altria Group by 3.1% in the 1st quarter. Fragasso Financial Advisors Inc now owns 6,499 shares of the company’s stock valued at $390,000 after acquiring an additional 197 shares in the last quarter. Finally, Harbor Investment Advisory LLC raised its position in Altria Group by 6.4% during the first quarter. Harbor Investment Advisory LLC now owns 5,773 shares of the company’s stock valued at $346,000 after buying an additional 345 shares during the period. Institutional investors own 57.41% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Barclays lifted their target price on Altria Group from $49.00 to $57.00 and gave the company an “underweight” rating in a research note on Wednesday, August 6th. Jefferies Financial Group assumed coverage on shares of Altria Group in a research note on Wednesday, July 9th. They set an “underperform” rating and a $50.00 target price for the company. Bank of America boosted their target price on Altria Group from $64.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, August 22nd. UBS Group raised Altria Group from a “sell” rating to a “neutral” rating and raised their price target for the stock from $47.00 to $59.00 in a research note on Wednesday, July 2nd. Finally, Stifel Nicolaus set a $72.00 price target on Altria Group in a research note on Thursday, August 21st. Two 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $60.88.

Altria Group Stock Performance

Shares of NYSE:MO opened at $66.10 on Wednesday. Altria Group, Inc. has a 52-week low of $48.86 and a 52-week high of $68.60. The company has a market cap of $111.04 billion, a P/E ratio of 12.79, a P/E/G ratio of 3.53 and a beta of 0.59. The stock’s 50-day moving average is $64.82 and its 200-day moving average is $60.77.

Altria Group (NYSE:MO) last announced its earnings results on Wednesday, July 30th. The company reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.07. The business had revenue of $5.29 billion for the quarter, compared to analyst estimates of $5.21 billion. Altria Group had a net margin of 37.24% and a negative return on equity of 295.26%. Altria Group’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.31 earnings per share. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. As a group, equities analysts predict that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 15th will be given a $1.06 dividend. This represents a $4.24 annualized dividend and a yield of 6.4%. This is a boost from Altria Group’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend is Monday, September 15th. Altria Group’s dividend payout ratio (DPR) is currently 82.01%.

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.