Altria Group, Inc. $MO Stock Position Decreased by WealthCare Asset Management LLC

WealthCare Asset Management LLC lessened its holdings in Altria Group, Inc. (NYSE:MO) by 28.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,768 shares of the company’s stock after selling 8,464 shares during the period. Altria Group makes up approximately 1.3% of WealthCare Asset Management LLC’s portfolio, making the stock its 22nd largest position. WealthCare Asset Management LLC’s holdings in Altria Group were worth $1,466,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Cornerstone Planning Group LLC grew its stake in Altria Group by 5.8% during the 1st quarter. Cornerstone Planning Group LLC now owns 2,619 shares of the company’s stock worth $191,000 after purchasing an additional 143 shares in the last quarter. Riverbend Wealth Management LLC boosted its stake in shares of Altria Group by 1.8% in the 3rd quarter. Riverbend Wealth Management LLC now owns 8,194 shares of the company’s stock valued at $552,000 after buying an additional 143 shares during the period. Angeles Wealth Management LLC boosted its stake in shares of Altria Group by 1.3% in the 2nd quarter. Angeles Wealth Management LLC now owns 11,239 shares of the company’s stock valued at $821,000 after buying an additional 146 shares during the period. Bernardo Wealth Planning LLC grew its position 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 worth $243,000 after buying an additional 149 shares in the last quarter. Finally, Old Peak Finance LLC grew its position 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 worth $858,000 after buying an additional 151 shares in the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Insiders Place Their Bets

In related news, Director Kathryn McQuade acquired 1,500 shares of Altria Group stock in a transaction dated Wednesday, September 9th. The stock was acquired at an average price of $67.62 per share, for a total transaction of $101,430.00. Following the transaction, the director owned 114,929 shares of the company’s stock, valued at $7,771,498.98. This represents a 1.32% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Freedom Broker raised shares of Altria Group to a “hold” rating in a report on Wednesday, September 16th. UBS Group boosted their price target on shares of Altria Group from $76.00 to $79.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Altria Group in a research report on Monday, October 12th. BTIG Research initiated coverage on shares of Altria Group in a report on Tuesday, July 21st. They issued a “neutral” rating on the stock. Finally, Barclays decreased their price objective on shares of Altria Group from $64.00 to $58.00 and set an “underweight” rating for the company in a research report on Tuesday, August 11th. Five equities 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $70.11.

Altria Group Stock Performance

MO opened at $73.58 on Tuesday. Altria Group, Inc. has a one year low of $54.70 and a one year high of $77.06. The company has a market cap of $122.86 billion, a P/E ratio of 15.52, a PEG ratio of 2.64 and a beta of 0.42. The business’s 50-day simple moving average is $69.52 and its 200-day simple moving average is $68.28.

Altria Group (NYSE:MO) last posted its earnings results on Thursday, July 30th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.50 by ($0.02). The business had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $5.35 billion. Altria Group had a negative return on equity of 315.29% and a net margin of 33.99%. Altria Group’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.44 EPS. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. As a group, analysts predict that Altria Group, Inc. will post 5.67 earnings per share for the current fiscal year.

Altria Group Increases Dividend

The business 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 an increase from Altria Group’s previous quarterly dividend of $1.06. This represents a $4.44 dividend on an annualized basis and a yield of 6.0%. Altria Group’s dividend payout ratio is 93.67%.

About Altria Group

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.