NewEdge Wealth LLC Has $4.02 Million Stock Position in Altria Group, Inc. $MO

NewEdge Wealth LLC boosted its holdings in shares of Altria Group, Inc. (NYSE:MO) by 25.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,674 shares of the company’s stock after buying an additional 14,306 shares during the period. NewEdge Wealth LLC’s holdings in Altria Group were worth $4,017,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Darwin Wealth Management LLC acquired a new position in Altria Group during the second quarter valued at $27,000. Creative Capital Management Investments LLC acquired a new position in Altria Group during the fourth quarter valued at $29,000. EMC Capital Management acquired a new position in Altria Group during the third quarter valued at $33,000. Elevation Wealth Partners LLC raised its position in Altria Group by 79.0% during the fourth quarter. Elevation Wealth Partners LLC now owns 630 shares of the company’s stock valued at $36,000 after buying an additional 278 shares during the period. Finally, Gould Capital LLC acquired a new position in Altria Group during the third quarter valued at $39,000. 57.41% of the stock is owned by institutional investors and hedge funds.

Altria Group Price Performance

Shares of MO stock opened at $68.60 on Tuesday. Altria Group, Inc. has a fifty-two week low of $54.70 and a fifty-two week high of $74.56. The stock’s 50-day moving average is $66.78 and its two-hundred day moving average is $62.83. The firm has a market cap of $114.55 billion, a P/E ratio of 14.35, a PEG ratio of 2.55 and a beta of 0.48.

Altria Group (NYSE:MO) last issued its earnings results on Thursday, April 30th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.07. Altria Group had a negative return on equity of 298.69% and a net margin of 34.34%.The company had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. During the same period in the prior year, the firm posted $1.23 EPS. The business’s revenue was up 5.3% compared to the same quarter last year. Altria Group has set its FY 2026 guidance at 5.560-5.72 EPS. As a group, research analysts expect that Altria Group, Inc. will post 5.67 EPS for the current year.

Altria Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Wednesday, March 25th were issued a dividend of $1.06 per share. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 6.2%. Altria Group’s dividend payout ratio is currently 88.70%.

Analysts Set New Price Targets

MO has been the topic of several recent analyst reports. Argus raised Altria Group to a “hold” rating in a research report on Tuesday, January 13th. Bank of America upped their target price on Altria Group from $72.00 to $73.00 and gave the stock a “buy” rating in a research report on Friday, April 10th. Jefferies Financial Group upped their target price on Altria Group from $47.00 to $50.00 and gave the stock an “underperform” rating in a research report on Wednesday, March 4th. Stifel Nicolaus upped their target price on Altria Group from $68.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $77.00 target price on shares of Altria Group in a research report on Thursday, April 30th. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Altria Group currently has a consensus rating of “Hold” and an average target price of $69.22.

Insider Activity at Altria Group

In other news, SVP Charles N. Whitaker sold 27,908 shares of the stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $67.57, for a total transaction of $1,885,743.56. Following the transaction, the senior vice president owned 180,869 shares of the company’s stock, valued at approximately $12,221,318.33. This represents a 13.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

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.