Canada Post Corp Registered Pension Plan lifted its holdings in shares of Altria Group, Inc. (NYSE:MO – Free Report) by 26.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,088 shares of the company’s stock after buying an additional 8,920 shares during the quarter. Canada Post Corp Registered Pension Plan’s holdings in Altria Group were worth $2,427,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Darwin Wealth Management LLC purchased a new stake in shares of Altria Group during the second quarter worth approximately $27,000. Navalign LLC purchased a new stake in shares of Altria Group during the fourth quarter worth approximately $28,000. Creative Capital Management Investments LLC purchased a new stake in shares of Altria Group during the fourth quarter worth approximately $29,000. EMC Capital Management purchased a new stake in shares of Altria Group during the third quarter worth approximately $33,000. Finally, Elevation Wealth Partners LLC increased its position in shares of 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 in the last quarter. 57.41% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several analysts recently commented on MO shares. Jefferies Financial Group boosted their price target on Altria Group from $47.00 to $50.00 and gave the stock an “underperform” rating in a research report on Wednesday, March 4th. Wall Street Zen cut Altria Group from a “buy” rating to a “hold” rating in a research report on Saturday. Citigroup boosted their price target on Altria Group from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. UBS Group boosted their price target on Altria Group from $74.00 to $76.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Altria Group from $60.00 to $66.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $69.33.
Altria Group Stock Down 0.0%
Shares of NYSE:MO opened at $73.06 on Monday. The business has a fifty day moving average of $67.02 and a two-hundred day moving average of $63.04. The stock has a market cap of $122.00 billion, a P/E ratio of 15.28, a PEG ratio of 2.73 and a beta of 0.48. Altria Group, Inc. has a 52-week low of $54.70 and a 52-week high of $74.56.
Altria Group (NYSE:MO – Get Free Report) last issued its earnings results on Thursday, April 30th. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.07. The company had revenue of $4.76 billion during the quarter, compared to analysts’ expectations of $4.58 billion. Altria Group had a negative return on equity of 298.69% and a net margin of 34.34%.The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.23 EPS. Altria Group has set its FY 2026 guidance at 5.560-5.72 EPS. On average, equities analysts anticipate that Altria Group, Inc. will post 5.68 earnings per share for the current year.
Altria Group Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 15th will be issued a $1.06 dividend. This represents a $4.24 annualized dividend and a yield of 5.8%. The ex-dividend date is Monday, June 15th. Altria Group’s dividend payout ratio is presently 88.70%.
Insider Transactions at Altria Group
In other Altria Group news, SVP Charles N. Whitaker sold 27,908 shares of the company’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $67.57, for a total value of $1,885,743.56. Following the completion of the sale, the senior vice president directly owned 180,869 shares in the company, valued at $12,221,318.33. This represents a 13.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is currently owned by insiders.
Altria Group 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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