12,552 Shares in Altria Group, Inc. $MO Purchased by Storen Legacy Partners LLC

Storen Legacy Partners LLC bought a new position in shares of Altria Group, Inc. (NYSE:MO) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,552 shares of the company’s stock, valued at approximately $724,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MO. Johnson & White Wealth Management LLC lifted its position in shares of Altria Group by 1.2% during the 4th quarter. Johnson & White Wealth Management LLC now owns 12,704 shares of the company’s stock valued at $733,000 after acquiring an additional 154 shares during the period. Kanawha Capital Management LLC grew its holdings in shares of Altria Group by 0.8% in the 4th quarter. Kanawha Capital Management LLC now owns 19,546 shares of the company’s stock worth $1,127,000 after acquiring an additional 160 shares during the period. Strategic Advisors LLC grew its holdings in shares of Altria Group by 2.0% in the 4th quarter. Strategic Advisors LLC now owns 8,243 shares of the company’s stock worth $475,000 after acquiring an additional 160 shares during the period. Acorn Wealth Advisors LLC increased its stake in Altria Group by 1.6% in the 4th quarter. Acorn Wealth Advisors LLC now owns 10,117 shares of the company’s stock valued at $583,000 after purchasing an additional 163 shares in the last quarter. Finally, Truvestments Capital LLC increased its stake in Altria Group by 1.6% in the 4th quarter. Truvestments Capital LLC now owns 10,498 shares of the company’s stock valued at $605,000 after purchasing an additional 165 shares in the last quarter. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Ellen R. Strahlman sold 2,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $72.56, for a total transaction of $145,120.00. Following the completion of the transaction, the director owned 25,102 shares of the company’s stock, valued at $1,821,401.12. This represents a 7.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ennis Debra J. Kelly sold 5,790 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $72.25, for a total transaction of $418,327.50. Following the transaction, the director directly owned 73,809 shares of the company’s stock, valued at approximately $5,332,700.25. This represents a 7.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.10% of the company’s stock.

Altria Group Stock Performance

MO stock opened at $69.18 on Friday. The stock has a market capitalization of $115.53 billion, a P/E ratio of 14.47, a PEG ratio of 2.59 and a beta of 0.46. Altria Group, Inc. has a one year low of $54.70 and a one year high of $74.56. The company has a 50 day moving average price of $69.72 and a two-hundred day moving average price of $65.31.

Altria Group (NYSE:MO) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the company posted $1.23 EPS. The business’s revenue for the quarter 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. Research analysts forecast that Altria Group, Inc. will post 5.68 earnings per share for the current fiscal year.

Altria Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 15th will be given a dividend of $1.06 per share. The ex-dividend date is Monday, June 15th. This represents a $4.24 annualized dividend and a yield of 6.1%. Altria Group’s dividend payout ratio is 88.70%.

Analyst Upgrades and Downgrades

MO has been the subject of several research reports. Citigroup lifted their price objective on Altria Group from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Barclays raised their price target on Altria Group from $63.00 to $64.00 and gave the company an “underweight” rating in a research report on Friday, May 15th. UBS Group lifted their price target on Altria Group from $74.00 to $76.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. The Goldman Sachs Group reiterated a “buy” rating and issued a $77.00 price objective on shares of Altria Group in a research report on Thursday, April 30th. Finally, Bank of America increased their price objective on shares of Altria Group from $72.00 to $73.00 and gave the company a “buy” rating in a research note on Friday, April 10th. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Altria Group presently has a consensus rating of “Hold” and a consensus price target of $70.44.

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.