GW Henssler & Associates Ltd. decreased its position in shares of Altria Group, Inc. (NYSE:MO – Free Report) by 6.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 318,362 shares of the company’s stock after selling 20,579 shares during the period. GW Henssler & Associates Ltd.’s holdings in Altria Group were worth $18,357,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Johnson & White Wealth Management LLC lifted its position in Altria Group by 1.2% during the fourth quarter. Johnson & White Wealth Management LLC now owns 12,704 shares of the company’s stock valued at $733,000 after acquiring an additional 154 shares during the last quarter. Kanawha Capital Management LLC lifted its position in Altria Group by 0.8% during the fourth quarter. Kanawha Capital Management LLC now owns 19,546 shares of the company’s stock valued at $1,127,000 after acquiring an additional 160 shares during the last quarter. Acorn Wealth Advisors LLC lifted its position in Altria Group by 1.6% during the fourth quarter. Acorn Wealth Advisors LLC now owns 10,117 shares of the company’s stock valued at $583,000 after acquiring an additional 163 shares during the last quarter. SOA Wealth Advisors LLC. lifted its position in Altria Group by 17.1% during the fourth quarter. SOA Wealth Advisors LLC. now owns 1,166 shares of the company’s stock valued at $67,000 after acquiring an additional 170 shares during the last quarter. Finally, Austin Private Wealth LLC lifted its position in Altria Group by 3.1% during the fourth quarter. Austin Private Wealth LLC now owns 5,769 shares of the company’s stock valued at $333,000 after acquiring an additional 175 shares during the last quarter. Hedge funds and other institutional investors own 57.41% of the company’s stock.
Analyst Upgrades and Downgrades
MO has been the subject of a number of analyst reports. Stifel Nicolaus increased their target price on shares of Altria Group from $68.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, May 1st. UBS Group increased their target price on shares of Altria Group from $74.00 to $76.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Bank of America increased their target price on shares of Altria Group from $72.00 to $73.00 and gave the company a “buy” rating in a research report on Friday, April 10th. Citigroup increased their target price on shares of Altria Group from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Finally, Jefferies Financial Group increased their target price on shares of Altria Group from $50.00 to $60.00 and gave the company an “underperform” rating in a research report on Wednesday, May 27th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $70.44.
Altria Group Price Performance
NYSE:MO opened at $68.61 on Tuesday. The firm has a market capitalization of $114.56 billion, a P/E ratio of 14.35, a PEG ratio of 2.60 and a beta of 0.46. Altria Group, Inc. has a 1-year low of $54.70 and a 1-year high of $74.56. The company’s fifty day moving average price is $68.29 and its 200-day moving average price is $64.14.
Altria Group (NYSE:MO – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.07. The firm had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. Altria Group had a net margin of 34.34% and a negative return on equity of 298.69%. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.23 earnings per share. Altria Group has set its FY 2026 guidance at 5.560-5.72 EPS. Equities analysts anticipate that Altria Group, Inc. will post 5.68 EPS for the current fiscal year.
Altria Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 15th will be paid a $1.06 dividend. The ex-dividend date is Monday, June 15th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 6.2%. Altria Group’s dividend payout ratio is presently 88.70%.
Insider Transactions at Altria Group
In other news, Director Ellen R. Strahlman sold 2,000 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $72.56, for a total value of $145,120.00. Following the sale, the director owned 25,102 shares in the company, valued at $1,821,401.12. This represents a 7.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Charles N. Whitaker sold 27,908 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $67.57, for a total transaction of $1,885,743.56. Following the completion of the sale, the senior vice president owned 180,869 shares in the company, valued at $12,221,318.33. The trade was a 13.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 35,698 shares of company stock worth $2,449,191 over the last 90 days. 0.10% of the stock is currently owned by company insiders.
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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