Enterprise Financial Services Corp Has $382,000 Stock Position in Altria Group, Inc. $MO

Enterprise Financial Services Corp increased its position in Altria Group, Inc. (NYSE:MO) by 39.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,515 shares of the company’s stock after buying an additional 1,857 shares during the period. Enterprise Financial Services Corp’s holdings in Altria Group were worth $382,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Altria Group by 1.0% in the second quarter. Vanguard Group Inc. now owns 159,717,148 shares of the company’s stock valued at $9,364,216,000 after acquiring an additional 1,599,923 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of 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 purchasing an additional 3,483,487 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Altria Group by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 44,724,475 shares of the company’s stock worth $2,620,229,000 after purchasing an additional 764,221 shares in the last quarter. GQG Partners LLC grew its position in Altria Group by 8,146.4% in the 1st quarter. GQG Partners LLC now owns 18,698,594 shares of the company’s stock valued at $1,122,290,000 after purchasing an additional 18,471,846 shares during the period. Finally, Invesco Ltd. increased its stake in Altria Group by 3.7% during the 1st quarter. Invesco Ltd. now owns 12,243,041 shares of the company’s stock valued at $734,827,000 after purchasing an additional 441,083 shares in the last quarter. 57.41% of the stock is owned by institutional investors and hedge funds.

Altria Group Price Performance

Shares of MO opened at $58.16 on Friday. Altria Group, Inc. has a 1 year low of $50.08 and a 1 year high of $68.60. The stock has a 50 day simple moving average of $62.50 and a two-hundred day simple moving average of $61.80. The firm has a market cap of $97.63 billion, a P/E ratio of 11.25, a P/E/G ratio of 3.45 and a beta of 0.51.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Thursday, October 30th. The company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.01. Altria Group had a net margin of 37.24% and a negative return on equity of 295.26%. The firm had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.31 billion. During the same period in the previous year, the business posted $1.38 EPS. The business’s quarterly revenue was down 3.0% on a year-over-year basis. Altria Group has set its FY 2025 guidance at 5.370-5.45 EPS. On average, equities analysts anticipate that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group declared that its board has initiated a stock repurchase program on Thursday, October 30th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 1.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MO. The Goldman Sachs Group raised their price objective on shares of Altria Group from $65.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. UBS Group dropped their price target on shares of Altria Group from $68.00 to $61.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Stifel Nicolaus set a $72.00 price target on Altria Group in a research note on Thursday, August 21st. Morgan Stanley increased their price objective on Altria Group from $57.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 31st. Finally, Barclays lifted their target price on Altria Group from $49.00 to $57.00 and gave the company an “underweight” rating in a research report on Wednesday, August 6th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $62.33.

About Altria Group

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.