Grantham Mayo Van Otterloo & Co. LLC Raises Position in Altria Group, Inc. $MO

Grantham Mayo Van Otterloo & Co. LLC increased its holdings in Altria Group, Inc. (NYSE:MO - Free Report) by 279.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 292,040 shares of the company's stock after purchasing an additional 214,998 shares during the period. Grantham Mayo Van Otterloo & Co. LLC's holdings in Altria Group were worth $17,122,000 as of its most recent SEC filing.

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Several other institutional investors have also recently added to or reduced their stakes in the business. Mattson Financial Services LLC acquired a new stake in Altria Group in the 1st quarter worth about $25,000. Global X Japan Co. Ltd. acquired a new position in shares of Altria Group during the 2nd quarter valued at about $25,000. Carderock Capital Management Inc. acquired a new stake in shares of Altria Group in the second quarter worth approximately $26,000. Country Trust Bank boosted its position in shares of Altria Group by 400.0% in the second quarter. Country Trust Bank now owns 500 shares of the company's stock worth $29,000 after acquiring an additional 400 shares during the last quarter. Finally, Anfield Capital Management LLC grew its holdings in Altria Group by 334.7% in the second quarter. Anfield Capital Management LLC now owns 539 shares of the company's stock valued at $32,000 after purchasing an additional 415 shares during the period. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Altria Group Trading Up 0.5%

Shares of Altria Group stock opened at $58.98 on Friday. Altria Group, Inc. has a twelve month low of $50.08 and a twelve month high of $68.60. The stock has a market cap 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. The company has a fifty day moving average price of $61.86 and a 200 day moving average price of $61.75.

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

Altria Group announced that its Board of Directors has initiated a stock buyback plan on Thursday, October 30th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the company to reacquire up to 1.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

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A number of equities analysts have weighed in on MO shares. Weiss Ratings reiterated a "buy (b)" rating on shares of Altria Group in a report on Wednesday, October 8th. Bank of America lifted their target price on Altria Group from $64.00 to $72.00 and gave the company a "buy" rating in a report on Friday, August 22nd. Stifel Nicolaus set a $72.00 price target on Altria Group in a research report on Thursday, August 21st. UBS Group cut their price objective on Altria Group from $68.00 to $61.00 and set a "neutral" rating on the stock in a report on Friday, October 31st. Finally, The Goldman Sachs Group lifted their price objective on Altria Group from $65.00 to $72.00 and gave the company 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 given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $62.33.

Read Our Latest Stock Report on Altria Group

Altria Group 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.

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