Capstone Capital Management Ltd bought a new position in shares of Altria Group, Inc. (NYSE:MO – Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 12,350 shares of the company’s stock, valued at approximately $712,000.
Other hedge funds also recently added to or reduced their stakes in the company. ProShare Advisors LLC grew its stake in shares of Altria Group by 8.9% during the fourth quarter. ProShare Advisors LLC now owns 308,725 shares of the company’s stock worth $17,801,000 after acquiring an additional 25,128 shares during the last quarter. Radnor Capital Management LLC raised its position in shares of Altria Group by 68.7% in the 4th quarter. Radnor Capital Management LLC now owns 44,196 shares of the company’s stock valued at $2,548,000 after purchasing an additional 18,000 shares during the last quarter. Frisch Financial Group Inc. boosted its stake in Altria Group by 57.0% in the 4th quarter. Frisch Financial Group Inc. now owns 7,370 shares of the company’s stock worth $433,000 after purchasing an additional 2,677 shares in the last quarter. HighTower Advisors LLC grew its position in Altria Group by 4.1% during the 4th quarter. HighTower Advisors LLC now owns 2,814,522 shares of the company’s stock worth $162,285,000 after purchasing an additional 109,662 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its position in Altria Group by 3.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 339,371 shares of the company’s stock worth $19,568,000 after purchasing an additional 10,791 shares during the last quarter. 57.41% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research analysts have issued reports on MO shares. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $77.00 price target on shares of Altria Group in a report on Thursday, April 30th. Bank of America lifted their price target on Altria Group from $72.00 to $73.00 and gave the stock a “buy” rating in a research report on Friday, April 10th. UBS Group boosted their price target on Altria Group from $74.00 to $76.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Stifel Nicolaus upped their target price on Altria Group from $68.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Finally, Morgan Stanley set a $71.00 price target on shares of Altria Group in a report on Friday, May 1st. Five 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 stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $69.33.
Insider Buying and Selling at Altria Group
In related news, SVP Charles N. Whitaker sold 27,908 shares of the company’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $67.57, for a total value of $1,885,743.56. Following the completion of the transaction, the senior vice president owned 180,869 shares of the company’s stock, valued at approximately $12,221,318.33. This represents a 13.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.
Altria Group Price Performance
NYSE:MO opened at $73.67 on Tuesday. The company has a 50 day moving average price of $67.15 and a 200-day moving average price of $63.11. Altria Group, Inc. has a 1-year low of $54.70 and a 1-year high of $74.56. The firm has a market cap of $123.03 billion, a price-to-earnings ratio of 15.41, a price-to-earnings-growth ratio of 2.73 and a beta of 0.48.
Altria Group (NYSE:MO – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.07. Altria Group had a net margin of 34.34% and a negative return on equity of 298.69%. The firm had revenue of $4.76 billion for the quarter, compared to the consensus estimate of $4.58 billion. During the same period in the prior year, the firm posted $1.23 earnings per share. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. Altria Group has set its FY 2026 guidance at 5.560-5.72 EPS. On average, sell-side analysts anticipate that Altria Group, Inc. will post 5.68 earnings per share for the current fiscal year.
Altria Group Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 15th will be given a dividend of $1.06 per share. The ex-dividend date is Monday, June 15th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 5.8%. Altria Group’s dividend payout ratio (DPR) is 88.70%.
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.
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