Mosley Wealth Management acquired a new stake in Altria Group, Inc. (NYSE:MO – Free Report) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 16,462 shares of the company’s stock, valued at approximately $949,000.
A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of 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 purchasing an additional 1,903,530 shares during the last quarter. Geode Capital Management LLC increased its position 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 valued at $2,651,383,000 after purchasing an additional 729,999 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Altria Group by 19.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 19,567,823 shares of the company’s stock valued at $1,285,575,000 after purchasing an additional 3,172,753 shares during the last quarter. Northern Trust Corp increased its position in shares of Altria Group by 0.4% in the 3rd quarter. Northern Trust Corp now owns 16,705,159 shares of the company’s stock valued at $1,103,543,000 after purchasing an additional 59,189 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Altria Group by 0.4% in the 4th quarter. Bank of New York Mellon Corp now owns 12,795,466 shares of the company’s stock valued at $737,787,000 after purchasing an additional 47,638 shares during the last quarter. 57.41% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts have commented on the stock. The Goldman Sachs Group reissued a “buy” rating and issued a $77.00 price objective on shares of Altria Group in a research report on Thursday, April 30th. Bank of America increased their target price on shares of Altria Group from $72.00 to $73.00 and gave the company a “buy” rating in a research report on Friday, April 10th. Stifel Nicolaus increased their target price on shares of Altria Group from $68.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Citigroup increased their target price on shares of Altria Group from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Finally, UBS Group increased their target price on shares of Altria Group from $74.00 to $76.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Altria Group currently has a consensus rating of “Hold” and an average price target of $70.44.
Altria Group Price Performance
NYSE MO opened at $71.46 on Friday. The firm’s fifty day moving average price is $69.27 and its 200 day moving average price is $64.87. The company has a market capitalization of $119.33 billion, a price-to-earnings ratio of 14.95, a price-to-earnings-growth ratio of 2.74 and a beta of 0.46. Altria Group, Inc. has a 12 month low of $54.70 and a 12 month high of $74.56.
Altria Group (NYSE:MO – Get Free Report) last posted its 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 for the quarter, compared to the consensus estimate 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 was up 5.3% on a year-over-year basis. During the same period last year, the firm posted $1.23 EPS. Altria Group has set its FY 2026 guidance at 5.560-5.72 EPS. As a group, sell-side analysts forecast that Altria Group, Inc. will post 5.68 earnings per share for the current year.
Altria Group Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 15th will be paid a dividend of $1.06 per share. The ex-dividend date is Monday, June 15th. This represents a $4.24 dividend on an annualized basis and a yield of 5.9%. Altria Group’s dividend payout ratio is currently 88.70%.
Insiders Place Their Bets
In related news, Director Ennis Debra J. Kelly sold 5,790 shares of the 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 completion of the sale, the director owned 73,809 shares in the company, valued at $5,332,700.25. This represents a 7.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ellen R. Strahlman sold 2,000 shares of the 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 owned 25,102 shares of the company’s stock, valued at approximately $1,821,401.12. This represents a 7.38% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is owned by corporate insiders.
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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