Three Seasons Wealth LLC grew its stake in Altria Group, Inc. (NYSE:MO – Free Report) by 54.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,181 shares of the company’s stock after purchasing an additional 7,437 shares during the period. Three Seasons Wealth LLC’s holdings in Altria Group were worth $1,420,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. grew its position in Altria Group by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 160,980,626 shares of the company’s stock valued at $9,282,143,000 after buying an additional 1,903,530 shares during the last quarter. State Street Corp raised its position in Altria Group by 1.6% during the 4th quarter. State Street Corp now owns 72,830,531 shares of the company’s stock worth $4,275,886,000 after buying an additional 1,147,141 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Altria Group by 10.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 65,516,916 shares of the company’s stock worth $3,777,931,000 after buying an additional 6,265,780 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Altria Group by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 45,984,718 shares of the company’s stock worth $2,651,383,000 after acquiring an additional 729,999 shares during the period. Finally, Morgan Stanley lifted its stake in shares of Altria Group by 1.5% in the 4th quarter. Morgan Stanley now owns 22,306,173 shares of the company’s stock worth $1,286,174,000 after acquiring an additional 335,089 shares during the period. Hedge funds and other institutional investors own 57.41% of the company’s stock.
Analyst Ratings Changes
Several analysts have recently weighed in on MO shares. Morgan Stanley set a $71.00 target price on shares of Altria Group in a report on Friday, May 1st. UBS Group raised their price objective on shares of Altria Group from $76.00 to $79.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. The Goldman Sachs Group reiterated a “buy” rating and set a $77.00 target price on shares of Altria Group in a research report on Thursday, April 30th. Citigroup increased their target price on Altria Group from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Finally, Stifel Nicolaus raised their price target on Altria Group from $68.00 to $77.00 and gave the company a “buy” rating in a report on Friday, May 1st. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $70.78.
Insider Buying and Selling
In related news, Director Ennis Debra J. Kelly sold 5,790 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 73,809 shares of the company’s stock, valued at $5,332,700.25. This trade represents a 7.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ellen R. Strahlman sold 2,000 shares of Altria Group stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $72.56, for a total value of $145,120.00. Following the transaction, the director directly owned 25,102 shares of the company’s stock, valued at approximately $1,821,401.12. This represents a 7.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.10% of the company’s stock.
Altria Group Stock Up 0.4%
NYSE:MO opened at $70.44 on Thursday. The firm’s fifty day simple moving average is $71.52 and its 200-day simple moving average is $67.05. The stock has a market cap of $117.63 billion, a PE ratio of 14.74, a price-to-earnings-growth ratio of 2.53 and a beta of 0.45. Altria Group, Inc. has a fifty-two week low of $54.70 and a fifty-two week high of $74.56.
Altria Group (NYSE:MO – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1.32 EPS for the quarter, beating 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 business earned $1.23 earnings per share. The business’s revenue for the quarter 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. Equities analysts anticipate that Altria Group, Inc. will post 5.7 earnings per share for the current year.
Altria Group Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 15th were issued a $1.06 dividend. The ex-dividend date was Monday, June 15th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 6.0%. Altria Group’s dividend payout ratio is currently 88.70%.
About Altria Group
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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