Secured Retirement Advisors LLC Acquires 616 Shares of Altria Group, Inc. $MO

Secured Retirement Advisors LLC grew its holdings in shares of Altria Group, Inc. (NYSE:MO) by 15.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,653 shares of the company’s stock after acquiring an additional 616 shares during the quarter. Secured Retirement Advisors LLC’s holdings in Altria Group were worth $273,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Pure Portfolios Holdings LLC boosted its position in shares of Altria Group by 4.3% during the 2nd quarter. Pure Portfolios Holdings LLC now owns 7,377 shares of the company’s stock valued at $433,000 after acquiring an additional 307 shares during the last quarter. REAP Financial Group LLC lifted its position in Altria Group by 56.9% in the 2nd quarter. REAP Financial Group LLC now owns 921 shares of the company’s stock worth $54,000 after buying an additional 334 shares during the last quarter. Cortland Associates Inc. MO lifted its position in Altria Group by 1.5% in the 2nd quarter. Cortland Associates Inc. MO now owns 18,642 shares of the company’s stock worth $1,093,000 after buying an additional 279 shares during the last quarter. Venturi Wealth Management LLC lifted its position in Altria Group by 9.7% in the 2nd quarter. Venturi Wealth Management LLC now owns 7,699 shares of the company’s stock worth $451,000 after buying an additional 682 shares during the last quarter. Finally, Shell Asset Management Co. lifted its position in Altria Group by 120.2% in the 2nd quarter. Shell Asset Management Co. now owns 65,020 shares of the company’s stock worth $3,812,000 after buying an additional 35,496 shares during the last quarter. Institutional investors own 57.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on MO shares. Barclays boosted their target price on Altria Group from $49.00 to $57.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 6th. 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. Morgan Stanley boosted their target price 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. Stifel Nicolaus set a $72.00 price target on Altria Group in a research note on Thursday, August 21st. Finally, The Goldman Sachs Group boosted their target price on Altria Group from $65.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. Four 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $62.11.

Altria Group Stock Performance

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

Altria Group (NYSE:MO) last issued its quarterly 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 firm had revenue of $5.29 billion during the quarter, compared to analyst estimates of $5.21 billion. Altria Group had a negative return on equity of 295.26% and a net margin of 37.24%.Altria Group’s quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the company earned $1.31 EPS. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. Sell-side analysts predict that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 15th will be given a dividend of $1.06 per share. 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. This represents a $4.24 dividend on an annualized basis and a yield of 6.4%. Altria Group’s dividend payout ratio is presently 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.