Trilogy Capital Inc. Acquires 281 Shares of Altria Group, Inc. $MO

Trilogy Capital Inc. lifted its holdings in shares of Altria Group, Inc. (NYSE:MO) by 3.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,769 shares of the company’s stock after purchasing an additional 281 shares during the period. Trilogy Capital Inc.’s holdings in Altria Group were worth $456,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MO. Brighton Jones LLC boosted its position in shares of Altria Group by 64.7% during the 4th quarter. Brighton Jones LLC now owns 17,702 shares of the company’s stock valued at $926,000 after purchasing an additional 6,954 shares in the last quarter. Fiduciary Alliance LLC boosted its holdings in 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 acquiring an additional 3,594 shares in the last quarter. NBC Securities Inc. boosted its holdings in 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. Harbor Investment Advisory LLC boosted its holdings in Altria Group by 6.4% in the first quarter. Harbor Investment Advisory LLC now owns 5,773 shares of the company’s stock worth $346,000 after acquiring an additional 345 shares in the last quarter. Finally, Merit Financial Group LLC boosted its holdings in Altria Group by 28.4% in the first quarter. Merit Financial Group LLC now owns 102,979 shares of the company’s stock worth $6,181,000 after acquiring an additional 22,782 shares in the last quarter. Institutional investors own 57.41% of the company’s stock.

Analysts Set New Price Targets

MO has been the topic of several recent research reports. Stifel Nicolaus set a $72.00 price target on Altria Group in a report on Thursday, August 21st. Jefferies Financial Group initiated coverage on Altria Group in a report on Wednesday, July 9th. They issued an “underperform” rating and a $50.00 price target on the stock. Bank of America increased their price target on Altria Group from $64.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, August 22nd. Morgan Stanley increased their price target on Altria Group from $57.00 to $62.00 and gave the stock an “equal weight” rating in a report on Thursday, July 31st. Finally, UBS Group raised Altria Group from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $47.00 to $59.00 in a research note on Wednesday, July 2nd. Two 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. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $60.88.

Altria Group Stock Up 0.3%

Shares of Altria Group stock opened at $66.29 on Thursday. The company has a market cap of $111.36 billion, a PE ratio of 12.82, a price-to-earnings-growth ratio of 3.55 and a beta of 0.55. Altria Group, Inc. has a 52 week low of $48.86 and a 52 week high of $68.60. The business has a 50 day moving average price of $64.95 and a 200-day moving average price of $60.81.

Altria Group (NYSE:MO) last issued its quarterly 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 for 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 posted $1.31 earnings per share. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. As a group, research analysts anticipate 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 issued a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a yield of 6.4%. This is an increase from Altria Group’s previous quarterly dividend of $1.02. The ex-dividend date 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.