Pure Portfolios Holdings LLC Purchases 307 Shares of Altria Group, Inc. $MO

Pure Portfolios Holdings LLC increased its position in shares of Altria Group, Inc. (NYSE:MO) by 4.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,377 shares of the company’s stock after buying an additional 307 shares during the quarter. Pure Portfolios Holdings LLC’s holdings in Altria Group were worth $433,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Mattson Financial Services LLC bought a new position in Altria Group in the first quarter valued at $25,000. Global X Japan Co. Ltd. bought a new position in shares of Altria Group in the 2nd quarter valued at about $25,000. Carderock Capital Management Inc. bought a new position in shares of Altria Group in the 2nd quarter valued at about $26,000. Inlight Wealth Management LLC bought a new position in shares of Altria Group in the 1st quarter valued at about $31,000. Finally, Sierra Ocean LLC grew its stake in Altria Group by 226.3% in the first quarter. Sierra Ocean LLC now owns 509 shares of the company’s stock valued at $31,000 after purchasing an additional 353 shares in the last quarter. 57.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on MO shares. Morgan Stanley raised their price target on Altria Group from $57.00 to $62.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Altria Group in a research note on Saturday, September 27th. Bank of America lifted their price objective on shares of Altria Group from $64.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, August 22nd. Barclays boosted their price objective on shares of Altria Group from $49.00 to $57.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 6th. Finally, UBS Group upgraded Altria Group from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $47.00 to $59.00 in a report on Wednesday, July 2nd. Four research 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $62.11.

Altria Group Trading Up 1.9%

Shares of MO stock opened at $66.64 on Wednesday. The stock has a 50 day simple moving average of $65.46 and a 200 day simple moving average of $61.04. The stock has a market cap of $111.94 billion, a P/E ratio of 12.89, a price-to-earnings-growth ratio of 3.52 and a beta of 0.55. Altria Group, Inc. has a 1 year low of $48.86 and a 1 year high of $68.60.

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

Altria Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Monday, September 15th will be issued a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a dividend yield of 6.4%. 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 (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.