Qsemble Capital Management LP grew its stake in Altria Group, Inc. (NYSE:MO – Free Report) by 392.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,126 shares of the company’s stock after buying an additional 38,345 shares during the quarter. Qsemble Capital Management LP’s holdings in Altria Group were worth $2,775,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in MO. Darwin Wealth Management LLC acquired a new position in Altria Group during the second quarter worth $27,000. Navalign LLC acquired a new position in Altria Group during the fourth quarter worth $28,000. Creative Capital Management Investments LLC acquired a new position in Altria Group during the fourth quarter worth $29,000. EMC Capital Management acquired a new position in Altria Group during the third quarter worth $33,000. Finally, Elevation Wealth Partners LLC boosted its holdings in Altria Group by 79.0% during the fourth quarter. Elevation Wealth Partners LLC now owns 630 shares of the company’s stock worth $36,000 after purchasing an additional 278 shares during the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.
Analysts Set New Price Targets
Several brokerages recently commented on MO. Deutsche Bank Aktiengesellschaft increased their target price on shares of Altria Group from $60.00 to $66.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Citigroup increased their target price 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. Jefferies Financial Group increased their target price on shares of Altria Group from $47.00 to $50.00 and gave the stock an “underperform” rating in a report on Wednesday, March 4th. Morgan Stanley set a $71.00 target price on shares of Altria Group in a report on Friday, May 1st. Finally, The Goldman Sachs Group restated a “buy” rating and set a $77.00 target price on shares of Altria Group in a report on Thursday, April 30th. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $69.33.
Insider Buying and Selling
In other news, SVP Charles N. Whitaker sold 27,908 shares of the stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $67.57, for a total value of $1,885,743.56. Following the transaction, the senior vice president directly owned 180,869 shares of the company’s stock, valued at $12,221,318.33. This represents a 13.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is currently owned by corporate insiders.
Altria Group Price Performance
Shares of MO stock opened at $73.06 on Friday. The stock has a market cap of $122.00 billion, a P/E ratio of 15.28, a P/E/G ratio of 2.73 and a beta of 0.48. The company has a fifty day moving average price of $67.02 and a two-hundred day moving average price of $63.05. Altria Group, Inc. has a one year low of $54.70 and a one year high of $74.56.
Altria Group (NYSE:MO – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.07. The firm had revenue of $4.76 billion during the quarter, compared to analysts’ expectations 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 last year, the company posted $1.23 earnings per share. Altria Group has set its FY 2026 guidance at 5.560-5.72 EPS. As a group, equities research analysts anticipate that Altria Group, Inc. will post 5.68 EPS for the current fiscal year.
Altria Group Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 15th will be paid a $1.06 dividend. The ex-dividend date is Monday, June 15th. This represents a $4.24 dividend on an annualized basis and a yield of 5.8%. Altria Group’s dividend payout ratio (DPR) is currently 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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