Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in shares of Altria Group, Inc. (NYSE:MO – Free Report) by 4.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 359,259 shares of the company’s stock after acquiring an additional 14,588 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Altria Group were worth $23,710,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Darwin Wealth Management LLC acquired a new position in shares of Altria Group during the 2nd quarter worth approximately $27,000. Navalign LLC acquired a new stake in shares of Altria Group in the 4th quarter valued at approximately $28,000. Creative Capital Management Investments LLC acquired a new stake in shares of Altria Group in the 4th quarter valued at approximately $29,000. Hughes Financial Services LLC boosted its holdings in shares of Altria Group by 62.9% in the 4th quarter. Hughes Financial Services LLC now owns 510 shares of the company’s stock valued at $29,000 after buying an additional 197 shares during the last quarter. Finally, Miller Capital Partners Inc. bought a new position in shares of Altria Group in the fourth quarter valued at $29,000. 57.41% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other news, Director Ennis Debra J. Kelly sold 5,790 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $72.25, for a total transaction of $418,327.50. Following the completion of the sale, the director owned 73,809 shares in the company, valued at approximately $5,332,700.25. This trade represents a 7.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ellen R. Strahlman sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $72.56, for a total transaction of $145,120.00. Following the sale, the director owned 25,102 shares of the company’s stock, valued at approximately $1,821,401.12. This represents a 7.38% decrease in their position. The SEC filing for this sale provides additional information. 0.10% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Get Our Latest Stock Report on MO
Altria Group Trading Up 0.2%
MO stock opened at $71.93 on Tuesday. The firm has a market capitalization of $120.12 billion, a PE ratio of 15.05, a PEG ratio of 2.68 and a beta of 0.45. Altria Group, Inc. has a 1-year low of $54.70 and a 1-year high of $74.56. The business’s 50 day simple moving average is $71.56 and its 200 day simple moving average is $66.89.
Altria Group (NYSE:MO – Get Free Report) last posted its quarterly earnings results 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. Altria Group had a negative return on equity of 298.69% and a net margin of 34.34%.The business had revenue of $4.76 billion for the quarter, compared to analysts’ expectations of $4.58 billion. During the same quarter in the prior year, the business earned $1.23 EPS. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. 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 5.7 EPS for the current fiscal year.
Altria Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 15th were given a $1.06 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $4.24 annualized dividend and a dividend yield of 5.9%. Altria Group’s dividend payout ratio is presently 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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