Financial Security Advisor Inc. Has $5.92 Million Holdings in Altria Group, Inc. $MO

Financial Security Advisor Inc. lifted its position in shares of Altria Group, Inc. (NYSE:MO) by 0.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 99,189 shares of the company’s stock after acquiring an additional 536 shares during the period. Altria Group makes up about 1.4% of Financial Security Advisor Inc.’s portfolio, making the stock its 15th largest holding. Financial Security Advisor Inc.’s holdings in Altria Group were worth $5,917,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Mattson Financial Services LLC acquired a new stake in shares of Altria Group during the first quarter worth $25,000. Global X Japan Co. Ltd. acquired a new position in shares of Altria Group during the second quarter valued at about $25,000. Carderock Capital Management Inc. bought a new position in shares of Altria Group during the second quarter valued at about $26,000. Inlight Wealth Management LLC bought a new stake in Altria Group in the first quarter worth about $31,000. Finally, Sierra Ocean LLC raised its position in Altria Group by 226.3% in the first quarter. Sierra Ocean LLC now owns 509 shares of the company’s stock worth $31,000 after acquiring an additional 353 shares during the period. Institutional investors own 57.41% of the company’s stock.

Analyst Upgrades and Downgrades

MO has been the topic of a number of analyst reports. The Goldman Sachs Group upped their target price on shares of Altria Group from $65.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. Bank of America boosted their price target on shares of Altria Group from $64.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, August 22nd. Barclays upped their price objective on shares of Altria Group from $49.00 to $57.00 and gave the company an “underweight” rating in a research note on Wednesday, August 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Altria Group in a report on Wednesday. Finally, Stifel Nicolaus set a $72.00 price objective on shares of Altria Group in a report on Thursday, August 21st. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $62.11.

Altria Group Trading Up 0.5%

Shares of MO stock opened at $65.72 on Friday. Altria Group, Inc. has a 12-month low of $48.86 and a 12-month high of $68.60. The stock has a market capitalization of $110.40 billion, a P/E ratio of 12.71, a P/E/G ratio of 3.52 and a beta of 0.55. The firm’s 50 day moving average is $65.62 and its 200 day moving average is $61.13.

Altria Group (NYSE:MO) last posted its earnings results on Wednesday, July 30th. The company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.07. The business had revenue of $5.29 billion during the quarter, compared to the consensus estimate of $5.21 billion. Altria Group had a net margin of 37.24% and a negative return on equity of 295.26%. The firm’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.31 EPS. 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 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 10th. Stockholders of record on Monday, September 15th will be paid a $1.06 dividend. This represents a $4.24 annualized dividend and a dividend yield of 6.5%. This is an increase 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 is 82.01%.

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.