Connor Clark & Lunn Investment Management Ltd. Purchases 65,226 Shares of Altria Group, Inc. $MO

Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Altria Group, Inc. (NYSE:MO - Free Report) by 267.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,652 shares of the company's stock after acquiring an additional 65,226 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in Altria Group were worth $5,256,000 at the end of the most recent reporting period.$5B+ in Buybacks: What DraftKings, AppLovin, and Altria Are Telling You A number of other large investors have also recently added to or reduced their stakes in MO. Vanguard Group Inc. lifted its stake in Altria Group by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 158,117,225 shares of the company's stock valued at $9,490,196,000 after purchasing an additional 1,300,787 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Altria Group by 5.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 63,288,773 shares of the company's stock valued at $3,798,592,000 after buying an additional 3,483,487 shares during the last quarter. GQG Partners LLC boosted its stake in shares of Altria Group by 8,146.4% during the 1st quarter. GQG Partners LLC now owns 18,698,594 shares of the company's stock worth $1,122,290,000 after acquiring an additional 18,471,846 shares during the period. Invesco Ltd. boosted its stake in shares of Altria Group by 3.7% during the 1st quarter. Invesco Ltd. now owns 12,243,041 shares of the company's stock worth $734,827,000 after acquiring an additional 441,083 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Altria Group by 40.0% during the 1st quarter. JPMorgan Chase & Co. now owns 11,961,220 shares of the company's stock worth $717,913,000 after acquiring an additional 3,415,237 shares during the last quarter. Institutional investors and hedge funds own 57.41% of the company's stock. Wall Street Analyst Weigh InSeveral brokerages have issued reports on MO. Bank of America raised their price target on Altria Group from $64.00 to $72.00 and gave the company a "buy" rating in a report on Friday, August 22nd. UBS Group cut their target price on shares of Altria Group from $68.00 to $61.00 and set a "neutral" rating for the company in a research note on Friday, October 31st. Stifel Nicolaus set a $72.00 price target on shares of Altria Group in a research note on Thursday, August 21st. Weiss Ratings reissued a "buy (b)" rating on shares of Altria Group in a report on Wednesday, October 8th. Finally, Barclays boosted their price objective on Altria Group from $49.00 to $57.00 and gave the stock an "underweight" rating in a report on Wednesday, August 6th. Four investment 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. According to data from MarketBeat.com, Altria Group currently has an average rating of "Hold" and an average price target of $62.33.Take Profits Now: 3 Overbought Stocks Primed for a PullbackCheck Out Our Latest Stock Analysis on Altria GroupAltria Group Stock PerformanceNYSE:MO opened at $57.76 on Friday. Altria Group, Inc. has a 52 week low of $50.08 and a 52 week high of $68.60. The firm's 50-day simple moving average is $63.45 and its 200 day simple moving average is $61.82. The firm has a market cap of $96.95 billion, a price-to-earnings ratio of 11.17, a P/E/G ratio of 3.45 and a beta of 0.51. Ride the Rally: 3 Earnings Winners With More Upside AheadAltria Group (NYSE:MO - Get Free Report) last announced its earnings results on Thursday, October 30th. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.44 by $0.01. Altria Group had a net margin of 37.24% and a negative return on equity of 295.26%. The firm had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.31 billion. During the same quarter in the prior year, the business posted $1.38 EPS. The business's revenue was down 3.0% compared to the same quarter last year. Altria Group has set its FY 2025 guidance at 5.370-5.45 EPS. Sell-side analysts anticipate that Altria Group, Inc. will post 5.32 EPS for the current year. Altria Group Increases DividendThe business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Monday, September 15th were paid 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 was Monday, September 15th. This represents a $4.24 dividend on an annualized basis and a yield of 7.3%. Altria Group's dividend payout ratio is 80.92%. Altria Group announced that its board has initiated a stock repurchase program on Thursday, October 30th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 1.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board believes its stock is undervalued. Altria Group Company Profile (Free Report)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.See AlsoFive stocks we like better than Altria GroupWhy is the Ex-Dividend Date Significant to Investors?dLocal Falls Despite Blowout Q3 Results—What Investors Are Missing3 Natural Gas Stocks That Offer Great Dividend YieldsOndas Holdings Signals a Rebound as Drone Demand SoarsWhich Wall Street Analysts are the Most Accurate?Disney’s 2026 Outlook Brightens Under Iger's Magic TouchWant to see what other hedge funds are holding MO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Altria Group, Inc. (NYSE:MO - Free Report).This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Altria Group Right Now?Before you consider Altria Group, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Altria Group wasn't on the list.While Altria Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here