Nykredit A S Purchases New Holdings in Altria Group, Inc. $MO

Nykredit A S acquired a new position in shares of Altria Group, Inc. (NYSE:MOFree Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 110,288 shares of the company’s stock, valued at approximately $7,935,000.

Several other large investors also recently added to or reduced their stakes in MO. Cornerstone Planning Group LLC raised its position in Altria Group by 5.8% during the first quarter. Cornerstone Planning Group LLC now owns 2,619 shares of the company’s stock valued at $191,000 after buying an additional 143 shares during the period. Angeles Wealth Management LLC boosted its position in Altria Group by 1.3% during the 2nd quarter. Angeles Wealth Management LLC now owns 11,239 shares of the company’s stock worth $821,000 after acquiring an additional 146 shares during the period. Bernardo Wealth Planning LLC grew its stake in Altria Group by 4.6% during the 2nd quarter. Bernardo Wealth Planning LLC now owns 3,379 shares of the company’s stock valued at $243,000 after acquiring an additional 149 shares in the last quarter. Old Peak Finance LLC grew its stake in Altria Group by 1.3% during the 2nd quarter. Old Peak Finance LLC now owns 11,920 shares of the company’s stock valued at $858,000 after acquiring an additional 151 shares in the last quarter. Finally, Joel Isaacson & Co. LLC increased its holdings in shares of Altria Group by 0.7% in the 2nd quarter. Joel Isaacson & Co. LLC now owns 23,324 shares of the company’s stock valued at $1,678,000 after purchasing an additional 152 shares during the period. 57.41% of the stock is owned by institutional investors and hedge funds.

Altria Group Trading Down 1.0%

Shares of Altria Group stock opened at $68.80 on Friday. The firm has a fifty day simple moving average of $69.82 and a 200-day simple moving average of $69.07. Altria Group, Inc. has a 1-year low of $54.70 and a 1-year high of $77.06. The stock has a market capitalization of $114.88 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 2.44 and a beta of 0.45.

Altria Group (NYSE:MOGet Free Report) last announced its earnings results on Thursday, July 30th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.50 by ($0.02). The firm had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $5.35 billion. Altria Group had a negative return on equity of 315.29% and a net margin of 33.99%.The business’s revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.44 EPS. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. As a group, research analysts predict that Altria Group, Inc. will post 5.67 earnings per share for the current year.

Altria Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Tuesday, September 15th will be given a dividend of $1.11 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $4.44 annualized dividend and a dividend yield of 6.5%. This is a boost from Altria Group’s previous quarterly dividend of $1.06. Altria Group’s payout ratio is presently 93.67%.

Wall Street Analyst Weigh In

MO has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of Altria Group from a “buy” rating to a “hold” rating in a research report on Sunday, June 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Altria Group in a research report on Tuesday, July 14th. Jefferies Financial Group upped their price objective on shares of Altria Group from $50.00 to $60.00 and gave the company an “underperform” rating in a research note on Wednesday, May 27th. UBS Group increased 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. Finally, Barclays decreased their target price on shares of Altria Group from $64.00 to $58.00 and set an “underweight” rating for the company in a research note on Tuesday, August 11th. Five 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $70.11.

Read Our Latest Report on MO

About Altria Group

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Altria Group (NYSE:MO)

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