10,575 Shares in Altria Group, Inc. $MO Purchased by M3 Wealth Management LLC

M3 Wealth Management LLC purchased a new position in Altria Group, Inc. (NYSE:MO) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 10,575 shares of the company’s stock, valued at approximately $610,000.

Other institutional investors have also modified their holdings of the company. Darwin Wealth Management LLC acquired a new position in shares of Altria Group in the second quarter worth about $27,000. Navalign LLC acquired a new position in shares of Altria Group in the fourth quarter worth about $28,000. Creative Capital Management Investments LLC acquired a new position in shares of Altria Group in the fourth quarter worth about $29,000. EMC Capital Management acquired a new position in shares of Altria Group in the third quarter worth about $33,000. Finally, Elevation Wealth Partners LLC lifted its stake in shares of Altria Group by 79.0% in the fourth quarter. Elevation Wealth Partners LLC now owns 630 shares of the company’s stock worth $36,000 after acquiring an additional 278 shares in the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Barclays boosted their price target on Altria Group from $63.00 to $64.00 and gave the stock an “underweight” rating in a research note on Friday, May 15th. Morgan Stanley set a $71.00 price objective on Altria Group in a report on Friday, May 1st. Wall Street Zen lowered Altria Group from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. The Goldman Sachs Group reissued a “buy” rating and issued a $77.00 price objective on shares of Altria Group in a report on Thursday, April 30th. Finally, UBS Group boosted their price objective on Altria Group from $74.00 to $76.00 and gave the company a “buy” rating in a report on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $69.33.

Insider Activity at Altria Group

In other news, SVP Charles N. Whitaker sold 27,908 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the senior vice president directly owned 180,869 shares of the company’s stock, valued at approximately $12,221,318.33. This represents a 13.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.10% of the company’s stock.

Altria Group Trading Down 2.0%

NYSE:MO opened at $72.41 on Wednesday. The firm has a market capitalization of $120.92 billion, a PE ratio of 15.15, a price-to-earnings-growth ratio of 2.76 and a beta of 0.48. The stock has a 50 day moving average of $67.93 and a 200-day moving average of $63.78. Altria Group, Inc. has a 52 week low of $54.70 and a 52 week high of $74.56.

Altria Group (NYSE:MO) last posted its earnings results on Thursday, April 30th. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.25 by $0.07. The company had revenue of $4.76 billion during the quarter, compared to analyst estimates of $4.58 billion. Altria Group had a negative return on equity of 298.69% and a net margin of 34.34%.The business’s revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.23 earnings per share. Altria Group has set its FY 2026 guidance at 5.560-5.72 EPS. As a group, analysts predict that Altria Group, Inc. will post 5.68 EPS for the current fiscal year.

Altria Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 15th will be issued a dividend of $1.06 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $4.24 annualized dividend and a dividend yield of 5.9%. Altria Group’s dividend payout ratio is 88.70%.

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.