Peak Retirement Planning Inc. boosted its position in shares of Altria Group, Inc. (NYSE:MO – Free Report) by 30.1% in the fourth quarter, HoldingsChannel reports. The fund owned 36,261 shares of the company’s stock after purchasing an additional 8,386 shares during the quarter. Peak Retirement Planning Inc.’s holdings in Altria Group were worth $2,091,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Johnson & White Wealth Management LLC raised its holdings in shares of Altria Group by 1.2% in the fourth quarter. Johnson & White Wealth Management LLC now owns 12,704 shares of the company’s stock worth $733,000 after buying an additional 154 shares during the last quarter. Kanawha Capital Management LLC raised its holdings in shares of Altria Group by 0.8% in the fourth quarter. Kanawha Capital Management LLC now owns 19,546 shares of the company’s stock worth $1,127,000 after buying an additional 160 shares during the last quarter. Strategic Advisors LLC raised its holdings in shares of Altria Group by 2.0% in the fourth quarter. Strategic Advisors LLC now owns 8,243 shares of the company’s stock worth $475,000 after buying an additional 160 shares during the last quarter. Acorn Wealth Advisors LLC raised its holdings in shares of Altria Group by 1.6% in the fourth quarter. Acorn Wealth Advisors LLC now owns 10,117 shares of the company’s stock worth $583,000 after buying an additional 163 shares during the last quarter. Finally, SOA Wealth Advisors LLC. raised its holdings in shares of Altria Group by 17.1% in the fourth quarter. SOA Wealth Advisors LLC. now owns 1,166 shares of the company’s stock worth $67,000 after buying an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 57.41% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on MO shares. Jefferies Financial Group raised their price target on shares of Altria Group from $50.00 to $60.00 and gave the stock an “underperform” rating in a report on Wednesday, May 27th. Morgan Stanley set a $71.00 target price on shares of Altria Group in a report on Friday, May 1st. UBS Group raised their target price on shares of Altria Group from $74.00 to $76.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Citigroup raised their target price on shares of Altria Group from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $77.00 target price on shares of Altria Group in a report on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $70.44.
Altria Group Price Performance
Shares of Altria Group stock opened at $69.23 on Wednesday. The firm has a fifty day moving average price of $68.29 and a 200 day moving average price of $64.14. Altria Group, Inc. has a 1 year low of $54.70 and a 1 year high of $74.56. The stock has a market cap of $115.60 billion, a PE ratio of 14.48, a price-to-earnings-growth ratio of 2.57 and a beta of 0.46.
Altria Group (NYSE:MO – Get Free Report) last issued its earnings results on Thursday, April 30th. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $4.58 billion. During the same quarter last year, the company posted $1.23 earnings per share. The firm’s 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. As a group, equities analysts expect that Altria Group, Inc. will post 5.68 EPS for the current year.
Altria Group Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 15th will be given a dividend of $1.06 per share. This represents a $4.24 annualized dividend and a yield of 6.1%. The ex-dividend date is Monday, June 15th. Altria Group’s dividend payout ratio (DPR) is currently 88.70%.
Insider Activity at Altria Group
In related news, SVP Charles N. Whitaker sold 27,908 shares of the firm’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $67.57, for a total transaction of $1,885,743.56. Following the sale, the senior vice president owned 180,869 shares in the company, valued at approximately $12,221,318.33. This trade represents a 13.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ennis Debra J. Kelly sold 5,790 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $72.25, for a total transaction of $418,327.50. Following the sale, the director owned 73,809 shares in the company, valued at approximately $5,332,700.25. This represents a 7.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 35,698 shares of company stock worth $2,449,191. 0.10% of the stock is 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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