Resona Asset Management Co. Ltd. increased its stake in Altria Group, Inc. (NYSE:MO – Free Report) by 2.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 520,548 shares of the company’s stock after buying an additional 13,178 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Altria Group were worth $34,449,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in MO. Johnson & White Wealth Management LLC grew its holdings in Altria Group by 1.2% during the 4th quarter. Johnson & White Wealth Management LLC now owns 12,704 shares of the company’s stock worth $733,000 after acquiring an additional 154 shares in the last quarter. Kanawha Capital Management LLC raised its stake in shares of Altria Group by 0.8% in the 4th quarter. Kanawha Capital Management LLC now owns 19,546 shares of the company’s stock valued at $1,127,000 after purchasing an additional 160 shares in the last quarter. Strategic Advisors LLC raised its stake in shares of Altria Group by 2.0% in the 4th quarter. Strategic Advisors LLC now owns 8,243 shares of the company’s stock valued at $475,000 after purchasing an additional 160 shares in the last quarter. Patten Group Inc. raised its stake in shares of Altria Group by 4.0% in the 1st quarter. Patten Group Inc. now owns 4,165 shares of the company’s stock valued at $275,000 after purchasing an additional 160 shares in the last quarter. Finally, Acorn Wealth Advisors LLC lifted its position in shares of Altria Group by 1.6% during the fourth quarter. Acorn Wealth Advisors LLC now owns 10,117 shares of the company’s stock worth $583,000 after purchasing an additional 163 shares during the last quarter. 57.41% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, Director Ellen R. Strahlman sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $72.56, for a total transaction of $145,120.00. Following the completion of the transaction, the director owned 25,102 shares in the company, valued at $1,821,401.12. The trade was a 7.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ennis Debra J. Kelly sold 5,790 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $72.25, for a total value of $418,327.50. Following the transaction, the director owned 73,809 shares of the company’s stock, valued at approximately $5,332,700.25. The trade was a 7.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Altria Group Stock Performance
Altria Group stock opened at $72.81 on Thursday. Altria Group, Inc. has a 1 year low of $54.70 and a 1 year high of $74.56. The firm’s 50-day moving average is $71.43 and its 200-day moving average is $66.61. The company has a market cap of $121.58 billion, a P/E ratio of 15.23, a PEG ratio of 2.73 and a beta of 0.45.
Altria Group (NYSE:MO – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.07. The business had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.58 billion. Altria Group had a net margin of 34.34% and a negative return on equity of 298.69%. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.23 EPS. Altria Group has set its FY 2026 guidance at 5.560-5.72 EPS. As a group, sell-side analysts predict that Altria Group, Inc. will post 5.68 earnings per share for the current year.
Altria Group Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 15th will be issued a dividend of $1.06 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $4.24 annualized dividend and a dividend yield of 5.8%. Altria Group’s dividend payout ratio is 88.70%.
Altria Group 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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