Trustmark Bank Trust Department Buys 922 Shares of Altria Group, Inc. $MO

Trustmark Bank Trust Department raised its stake in shares of Altria Group, Inc. (NYSE:MO) by 11.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,082 shares of the company’s stock after acquiring an additional 922 shares during the quarter. Trustmark Bank Trust Department’s holdings in Altria Group were worth $532,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Mattson Financial Services LLC acquired a new position in Altria Group in the first quarter valued at about $25,000. Global X Japan Co. Ltd. acquired a new stake in shares of Altria Group during the second quarter worth approximately $25,000. Carderock Capital Management Inc. bought a new position in shares of Altria Group in the second quarter valued at approximately $26,000. Country Trust Bank raised its stake in shares of Altria Group by 400.0% in the second quarter. Country Trust Bank now owns 500 shares of the company’s stock valued at $29,000 after acquiring an additional 400 shares during the last quarter. Finally, Anfield Capital Management LLC boosted its holdings in shares of Altria Group by 334.7% in the 2nd quarter. Anfield Capital Management LLC now owns 539 shares of the company’s stock worth $32,000 after acquiring an additional 415 shares in the last quarter. Institutional investors own 57.41% of the company’s stock.

Altria Group Stock Up 0.5%

Shares of MO stock opened at $58.98 on Monday. Altria Group, Inc. has a 12-month low of $50.08 and a 12-month high of $68.60. The firm has a fifty day moving average of $61.86 and a 200-day moving average of $61.82. The firm has a market capitalization of $99.01 billion, a price-to-earnings ratio of 11.41, a price-to-earnings-growth ratio of 3.45 and a beta of 0.51.

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

Altria Group declared that its board has authorized a stock buyback plan on Thursday, October 30th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 1.9% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of research firms have commented on MO. Weiss Ratings reissued a “buy (b)” rating on shares of Altria Group in a research note on Wednesday, October 8th. Stifel Nicolaus set a $72.00 price target on shares of Altria Group in a research report on Thursday, August 21st. Bank of America increased their price objective on shares of Altria Group from $64.00 to $72.00 and gave the company a “buy” rating in a report on Friday, August 22nd. UBS Group lowered their target price on shares of Altria Group from $68.00 to $61.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Finally, Barclays raised their price target on Altria Group from $49.00 to $57.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 6th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $62.33.

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.