Chicago Partners Investment Group LLC increased its holdings in shares of Altria Group, Inc. (NYSE:MO – Free Report) by 114.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,640 shares of the company’s stock after buying an additional 21,714 shares during the period. Chicago Partners Investment Group LLC’s holdings in Altria Group were worth $3,020,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Altria Group by 1.1% during the 2nd quarter. BlackRock Inc. now owns 126,073,166 shares of the company’s stock worth $9,070,964,000 after purchasing an additional 1,325,175 shares during the last quarter. GQG Partners LLC acquired a new stake in Altria Group in the second quarter worth about $1,806,782,000. Bank of America Corp DE acquired a new position in shares of Altria Group in the 2nd quarter valued at $1,104,566,000. Bank of New York Mellon Corp boosted its stake in shares of Altria Group by 1.0% during the 1st quarter. Bank of New York Mellon Corp now owns 12,929,142 shares of the company’s stock valued at $853,194,000 after buying an additional 133,676 shares during the period. Finally, Legal & General Group Plc bought a new stake in Altria Group during the second quarter worth approximately $631,606,000. Hedge funds and other institutional investors own 57.41% of the company’s stock.
Key Stories Impacting Altria Group
Here are the key news stories impacting Altria Group this week:
- Positive Sentiment: Altria reported third-quarter 2026 sales of $5.441 billion, net income of $2.518 billion and continuing-operations EPS of $1.51. The company also extended its long-running dividend-increase streak, continued share repurchases and pointed to growth in its on! nicotine pouch brand—supporting the case for earnings and cash returns. Are Strong Earnings Altering The Investment Case For Altria Stock (MO)?
- Positive Sentiment: Several articles highlighted MO’s high shareholder yield and appeal to investors seeking defensive income amid market volatility. One characterized the stock as trading in a buy zone as investors rotated toward consumer staples. Meet the High-Yield Dividend Stock Quietly Crushing the S&P 500 4 Stocks With Solid Shareholder Yields to Buy Amid US Market Decline Altria Stock Trades In Buy Zone As Investors Shift To Defense
- Neutral Sentiment: Commentary questioning whether Altria’s dividend adequately compensates investors for its share-price risks highlights the need to weigh income against potential capital returns. The supplied article summary does not detail a new company-specific concern. Is Altria’s Dividend Enough To Make Up For Its Share Price?
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of Altria Group in a report on Monday, October 12th. UBS Group raised their price target on Altria Group from $79.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, October 30th. 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. Barclays lifted their target price on shares of Altria Group from $58.00 to $60.00 and gave the stock an “underweight” rating in a research report on Monday, November 2nd. Finally, Freedom Broker upgraded shares of Altria Group to a “hold” rating in a research report on Wednesday, September 16th. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Altria Group has a consensus rating of “Hold” and a consensus target price of $71.67.
Check Out Our Latest Stock Report on Altria Group
Insider Buying and Selling at Altria Group
In other Altria Group news, Director Kathryn McQuade acquired 1,500 shares of the firm’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 acquisition, the director directly owned 114,929 shares of the company’s stock, valued at $7,771,498.98. This trade represents a 1.32% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.10% of the stock is currently owned by company insiders.
Altria Group Stock Down 1.9%
MO stock opened at $76.08 on Friday. The firm has a market capitalization of $126.55 billion, a P/E ratio of 15.72, a price-to-earnings-growth ratio of 2.62 and a beta of 0.43. Altria Group, Inc. has a 52 week low of $54.70 and a 52 week high of $79.87. The company has a fifty day simple moving average of $71.38 and a two-hundred day simple moving average of $69.15.
Altria Group (NYSE:MO – Get Free Report) last announced its earnings results on Thursday, October 29th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.01. Altria Group had a negative return on equity of 330.66% and a net margin of 34.51%. The company had revenue of $5.44 billion for the quarter, compared to analyst estimates of $5.31 billion. During the same period in the prior year, the company posted $1.45 EPS. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. As a group, analysts anticipate that Altria Group, Inc. will post 5.70 EPS for the current year.
Altria Group Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Tuesday, September 15th were issued a dividend of $1.11 per share. This is a boost from Altria Group’s previous quarterly dividend of $1.06. This represents a $4.44 annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend was Tuesday, September 15th. Altria Group’s payout ratio is presently 91.74%.
Altria Group Profile
Altria Group, Inc is a U.S.-based tobacco and nicotine company whose businesses focus primarily on the domestic market. Its products include cigarettes, smokeless tobacco, cigars, oral nicotine products and e-vapor products.
Altria’s portfolio includes Marlboro cigarettes, made by Philip Morris USA; Copenhagen and Skoal smokeless tobacco products, made by U.S. Smokeless Tobacco Company; and products from John Middleton and Helix Innovations. The company also owns NJOY, an e-vapor brand.
The company was established as Philip Morris Companies Inc and adopted the Altria name in 2003.
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