Sumitomo Mitsui DS Asset Management Company Ltd lessened its holdings in Altria Group, Inc. (NYSE:MO – Free Report) by 4.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 250,631 shares of the company’s stock after selling 12,505 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Altria Group were worth $16,877,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. CWA Asset Management Group LLC increased its holdings in Altria Group by 12.7% during the 3rd quarter. CWA Asset Management Group LLC now owns 247,351 shares of the company’s stock worth $16,657,000 after purchasing an additional 27,846 shares during the period. Retirement Planning Group LLC raised its position in Altria Group by 9.4% in the 3rd quarter. Retirement Planning Group LLC now owns 26,962 shares of the company’s stock valued at $1,816,000 after purchasing an additional 2,314 shares in the last quarter. Columbia Asset Management boosted its stake in shares of Altria Group by 1.4% in the 3rd quarter. Columbia Asset Management now owns 13,065 shares of the company’s stock valued at $880,000 after buying an additional 175 shares during the period. Maia Wealth LLC boosted its stake in shares of Altria Group by 21.8% in the 3rd quarter. Maia Wealth LLC now owns 28,377 shares of the company’s stock valued at $1,911,000 after buying an additional 5,073 shares during the period. Finally, Novem Group boosted its stake in shares of Altria Group by 39.6% in the 3rd quarter. Novem Group now owns 6,250 shares of the company’s stock valued at $421,000 after buying an additional 1,774 shares during the period. Hedge funds and other institutional investors own 57.41% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on MO. UBS Group boosted their price objective on Altria Group from $76.00 to $79.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Altria Group in a report on Monday, October 12th. Freedom Broker raised shares of Altria Group to a “hold” rating in a report on Wednesday, September 16th. Barclays lowered their price target on shares of Altria Group from $64.00 to $58.00 and set an “underweight” rating for the company in a report on Tuesday, August 11th. Finally, BTIG Research began coverage on shares of Altria Group in a research report on Tuesday, July 21st. They issued a “neutral” rating on the stock. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $70.11.
Get Our Latest Stock Analysis on MO
Altria Group Price Performance
NYSE MO opened at $74.82 on Wednesday. The firm’s fifty day moving average price is $69.00 and its 200 day moving average price is $69.77. The company has a market capitalization of $124.92 billion, a price-to-earnings ratio of 13.35, a price-to-earnings-growth ratio of 2.64 and a beta of 0.42. Altria Group, Inc. has a 12 month low of $54.70 and a 12 month high of $77.06.
Altria Group (NYSE:MO – Get Free Report) last announced its quarterly 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). Altria Group had a negative return on equity of 315.29% and a net margin of 33.99%. The company had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.35 billion. During the same quarter in the prior year, the business earned $1.44 earnings per share. Altria Group’s revenue was up 1.2% compared to the same quarter last year. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. As a group, sell-side analysts forecast that Altria Group, Inc. will post 5.67 earnings per share for the current year.
Altria Group Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Tuesday, September 15th were issued a dividend of $1.11 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This is a positive change from Altria Group’s previous quarterly dividend of $1.06. This represents a $4.44 annualized dividend and a dividend yield of 5.9%. Altria Group’s dividend payout ratio is 93.67%.
Insider Activity
In other news, Director Kathryn McQuade bought 1,500 shares of the business’s stock in a transaction dated Wednesday, September 9th. The shares were acquired at an average price of $67.62 per share, for a total transaction of $101,430.00. Following the completion of the transaction, the director owned 114,929 shares of the company’s stock, valued at approximately $7,771,498.98. This trade represents a 1.32% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.10% of the company’s stock.
Altria Group Company Profile
Altria Group, Inc is a U.S.-based consumer products company focused primarily on tobacco, nicotine and related products. Through its operating companies, Altria sells cigarettes, cigars, pipe tobacco, oral tobacco and nicotine products, and electronic vapor products.
Altria’s principal cigarette business is Philip Morris USA, whose portfolio includes Marlboro, Parliament and Virginia Slims. Its other major brands include Copenhagen and Skoal moist smokeless tobacco, Black & Mild cigars, on! nicotine pouches and NJOY electronic cigarettes.
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