Altria Group, Inc. (NYSE:MO – Get Free Report)’s share price fell 1.2% during mid-day trading on Tuesday . The stock traded as low as $68.44 and last traded at $69.7550. 10,496,660 shares were traded during trading, an increase of 13% from the average session volume of 9,263,746 shares. The stock had previously closed at $70.61.
Wall Street Analysts Forecast Growth
MO has been the topic of a number of recent research reports. Jefferies Financial Group raised their price objective on Altria Group from $50.00 to $60.00 and gave the stock an “underperform” rating in a research note on Wednesday, May 27th. Wall Street Zen cut shares of Altria Group from a “buy” rating to a “hold” rating in a research note on Sunday, June 21st. UBS Group boosted their price objective on shares of Altria Group from $76.00 to $79.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Weiss Ratings restated a “buy (b)” rating on shares of Altria Group in a research note on Tuesday, July 14th. Finally, Barclays reduced their target price on Altria Group from $64.00 to $58.00 and set an “underweight” rating on the stock in a report on Tuesday, August 11th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $70.11.
View Our Latest Research Report on MO
Altria Group Stock Performance
Altria Group (NYSE:MO – Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.02). The company had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.35 billion. Altria Group had a net margin of 33.99% and a negative return on equity of 315.29%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.44 EPS. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. As a group, analysts expect that Altria Group, Inc. will post 5.67 EPS for the current fiscal year.
Altria Group Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $1.11 per share. This represents a $4.44 annualized dividend and a dividend yield of 6.4%. This is an increase from Altria Group’s previous quarterly dividend of $1.06. The ex-dividend date is Tuesday, September 15th. Altria Group’s dividend payout ratio (DPR) is presently 93.67%.
Insider Buying and Selling
In other Altria Group news, Director Kathryn McQuade bought 1,500 shares of Altria Group stock in a transaction on Wednesday, September 9th. The shares were purchased at an average cost of $67.62 per share, with a total value of $101,430.00. Following the acquisition, the director directly owned 114,929 shares of the company’s stock, valued at $7,771,498.98. The trade was a 1.32% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Altria Group
Several large investors have recently modified their holdings of MO. Cornerstone Planning Group LLC boosted its position in Altria Group by 5.8% during the 1st 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 increased its position in shares of Altria Group by 1.3% in the second quarter. Angeles Wealth Management LLC now owns 11,239 shares of the company’s stock valued at $821,000 after acquiring an additional 146 shares during the period. Bernardo Wealth Planning LLC raised its stake in shares of Altria Group by 4.6% during the second 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 during the last quarter. Old Peak Finance LLC raised its stake in shares of Altria Group by 1.3% during the second 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 during the last quarter. Finally, Joel Isaacson & Co. LLC boosted its holdings in shares of Altria Group by 0.7% during the second quarter. Joel Isaacson & Co. LLC now owns 23,324 shares of the company’s stock worth $1,678,000 after purchasing an additional 152 shares during the period. Institutional investors own 57.41% of the company’s stock.
Altria Group Company Profile
Altria Group, Inc (NYSE: MO) is a tobacco and nicotine company headquartered in Richmond, Virginia. Through its operating companies, Altria develops, manufactures and markets cigarettes, cigars, oral tobacco products, nicotine pouches and electronic vaping products, with its business focused primarily on the United States.
Altria’s smokeable products portfolio includes Marlboro cigarettes, which are manufactured and marketed in the U.S. by Philip Morris USA, as well as Black & Mild cigars through John Middleton.
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