Baldwin Wealth Partners LLC MA Has $3.16 Million Stock Holdings in Altria Group, Inc. $MO

Baldwin Wealth Partners LLC MA increased its position in shares of Altria Group, Inc. (NYSE:MO) by 4.6% during the second quarter, Holdings Channel reports. The institutional investor owned 53,820 shares of the company’s stock after purchasing an additional 2,381 shares during the quarter. Baldwin Wealth Partners LLC MA’s holdings in Altria Group were worth $3,155,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in MO. Brighton Jones LLC grew its position in Altria Group by 64.7% during the fourth quarter. Brighton Jones LLC now owns 17,702 shares of the company’s stock worth $926,000 after buying an additional 6,954 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in Altria Group by 15.0% during the first quarter. Harbor Capital Advisors Inc. now owns 30,194 shares of the company’s stock worth $1,812,000 after purchasing an additional 3,941 shares during the period. GAMMA Investing LLC lifted its stake in Altria Group by 17.8% during the first quarter. GAMMA Investing LLC now owns 36,028 shares of the company’s stock worth $2,162,000 after purchasing an additional 5,440 shares during the period. Assenagon Asset Management S.A. lifted its stake in Altria Group by 903.6% during the first quarter. Assenagon Asset Management S.A. now owns 435,182 shares of the company’s stock worth $26,120,000 after purchasing an additional 391,819 shares during the period. Finally, Focus Financial Network Inc. lifted its stake in Altria Group by 1.6% during the first quarter. Focus Financial Network Inc. now owns 26,476 shares of the company’s stock worth $1,589,000 after purchasing an additional 420 shares during the period. 57.41% of the stock is owned by institutional investors and hedge funds.

Altria Group Trading Up 0.5%

NYSE:MO opened at $65.72 on Friday. Altria Group, Inc. has a 1 year low of $48.86 and a 1 year high of $68.60. The firm has a 50 day moving average of $65.62 and a 200-day moving average of $61.13. The stock has a market capitalization of $110.40 billion, a P/E ratio of 12.71, a price-to-earnings-growth ratio of 3.52 and a beta of 0.55.

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 firm had revenue of $5.29 billion during the quarter, compared to analysts’ expectations of $5.21 billion. During the same quarter in the previous year, the company posted $1.31 EPS. Altria Group’s revenue was up .2% on a year-over-year basis. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. As a group, analysts forecast that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.

Altria Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 15th will be given a $1.06 dividend. This is a boost from Altria Group’s previous quarterly dividend of $1.02. The ex-dividend date is Monday, September 15th. This represents a $4.24 annualized dividend and a yield of 6.5%. Altria Group’s dividend payout ratio is presently 82.01%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Bank of America raised 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 raised their price target 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. Weiss Ratings restated a “buy (b)” rating on shares of Altria Group in a research note on Wednesday. UBS Group upgraded shares of Altria Group from a “sell” rating to a “neutral” rating and raised their price target for the stock from $47.00 to $59.00 in a research note on Wednesday, July 2nd. Finally, The Goldman Sachs Group raised their price target on shares of Altria Group from $65.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $62.11.

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.