Gerald Baker Financial Group LLC purchased a new stake in Altria Group, Inc. (NYSE:MO – Free Report) in the 1st quarter, Holdings Channel.com reports. The fund purchased 45,893 shares of the company’s stock, valued at approximately $3,028,000. Altria Group comprises about 1.0% of Gerald Baker Financial Group LLC’s portfolio, making the stock its 29th largest holding.
A number of other large investors also recently made changes to their positions in MO. Allspring Global Investments Holdings LLC boosted its holdings in shares of Altria Group by 6.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 379,527 shares of the company’s stock worth $24,851,000 after purchasing an additional 21,455 shares during the last quarter. Frisch Financial Group Inc. grew its position in shares of Altria Group by 18.8% in the first quarter. Frisch Financial Group Inc. now owns 8,754 shares of the company’s stock valued at $586,000 after purchasing an additional 1,384 shares during the period. Independent Financial Group LLC acquired a new position in Altria Group in the first quarter valued at $2,490,000. Wealthfront Advisers LLC increased its stake in Altria Group by 6.0% in the first quarter. Wealthfront Advisers LLC now owns 310,052 shares of the company’s stock valued at $20,460,000 after purchasing an additional 17,454 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its position in Altria Group by 8.0% during the first quarter. D.A. Davidson & CO. now owns 364,763 shares of the company’s stock worth $24,071,000 after buying an additional 27,055 shares during the period. Hedge funds and other institutional investors own 57.41% of the company’s stock.
Insider Buying and Selling at Altria Group
In related news, Director Ennis Debra J. Kelly sold 5,790 shares of Altria Group 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 transaction, the director owned 73,809 shares in the company, valued at approximately $5,332,700.25. The trade was a 7.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ellen R. Strahlman sold 2,000 shares of the company’s stock in a transaction 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 sale, the director directly owned 25,102 shares of the company’s stock, valued at approximately $1,821,401.12. This trade represents a 7.38% 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 owned by corporate insiders.
Altria Group Trading Up 3.5%
Altria Group (NYSE:MO – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.07. The company had revenue of $4.76 billion for the quarter, compared to the consensus estimate of $4.58 billion. Altria Group had a negative return on equity of 298.69% and a net margin of 34.34%.The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period last year, the business posted $1.23 EPS. Altria Group has set its FY 2026 guidance at 5.560-5.72 EPS. Equities analysts forecast that Altria Group, Inc. will post 5.7 EPS for the current fiscal year.
Altria Group Dividend Announcement
The firm 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 5.8%. Altria Group’s dividend payout ratio is presently 88.70%.
Analyst Ratings Changes
A number of brokerages have issued reports on MO. Barclays raised their price target on Altria Group from $63.00 to $64.00 and gave the stock an “underweight” rating in a research note on Friday, May 15th. Citigroup increased their price objective 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. UBS Group raised their target price on shares of Altria Group from $76.00 to $79.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Stifel Nicolaus boosted their target price on shares of Altria Group from $68.00 to $77.00 and gave the company a “buy” rating in a report on Friday, May 1st. Finally, Jefferies Financial Group upped their price target on shares of Altria Group from $50.00 to $60.00 and gave the stock an “underperform” rating in a research report on Wednesday, May 27th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Altria Group currently has a consensus rating of “Hold” and an average price target of $70.78.
View Our Latest Stock Report on Altria Group
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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