MGO One Seven LLC Has $4.40 Million Stake in Altria Group, Inc. $MO

MGO One Seven LLC grew its holdings in shares of Altria Group, Inc. (NYSE:MO) by 24.5% during the third quarter, HoldingsChannel.com reports. The firm owned 66,594 shares of the company’s stock after acquiring an additional 13,091 shares during the quarter. MGO One Seven LLC’s holdings in Altria Group were worth $4,399,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Citizens Financial Group Inc. RI increased its stake in Altria Group by 31.9% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 44,781 shares of the company’s stock worth $2,958,000 after acquiring an additional 10,833 shares during the period. Gibson Capital LLC acquired a new position in Altria Group in the third quarter valued at about $629,000. Tema Etfs LLC bought a new stake in Altria Group during the third quarter worth about $1,787,000. Opal Wealth Advisors LLC grew its stake in Altria Group by 4.0% during the third quarter. Opal Wealth Advisors LLC now owns 6,987 shares of the company’s stock worth $462,000 after buying an additional 271 shares in the last quarter. Finally, Warwick Investment Management Inc. acquired a new stake in Altria Group during the third quarter worth about $202,000. 57.41% of the stock is currently owned by institutional investors.

Altria Group Stock Performance

Shares of NYSE:MO opened at $58.53 on Tuesday. The company has a fifty day moving average of $58.04 and a 200-day moving average of $61.50. The company has a market capitalization of $98.25 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 3.19 and a beta of 0.47. Altria Group, Inc. has a 52-week low of $50.08 and a 52-week high of $68.60.

Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, October 30th. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.01. Altria Group had a negative return on equity of 319.43% and a net margin of 37.89%.The company had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.31 billion. During the same quarter last year, the business posted $1.38 EPS. Altria Group’s revenue for the quarter was down 3.0% on a year-over-year basis. Altria Group has set its FY 2025 guidance at 5.370-5.45 EPS. On average, equities analysts forecast that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.

Altria Group announced that its board has authorized a share buyback program on Thursday, October 30th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 1.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Altria Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 26th were paid a $1.06 dividend. The ex-dividend date of this dividend was Friday, December 26th. This represents a $4.24 annualized dividend and a dividend yield of 7.2%. Altria Group’s dividend payout ratio is currently 80.92%.

Wall Street Analyst Weigh In

MO has been the subject of a number of recent analyst reports. The Goldman Sachs Group upped their price target on shares of Altria Group from $65.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. UBS Group upgraded Altria Group from a “neutral” rating to a “buy” rating and lifted their price target for the company from $61.00 to $63.00 in a research note on Friday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Altria Group in a research report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Altria Group currently has a consensus rating of “Hold” and a consensus target price of $62.56.

Altria Group Company Profile

Altria Group, Inc (NYSE: MO) is a U.S.-based consumer goods company whose principal business is the manufacture and sale of tobacco products. Headquartered in Richmond, Virginia, the company’s operations are focused primarily on the U.S. market and include the production, marketing and distribution of cigarettes, smokeless tobacco and cigars. Its flagship cigarette franchise in the United States is sold through its operating subsidiaries and is among the most recognizable cigarette brands in the country.

Altria’s principal operating businesses include Philip Morris USA (cigarettes), U.S.