7,959 Shares in Altria Group, Inc. $MO Acquired by Marble Wealth LLC

Marble Wealth LLC bought a new position in shares of Altria Group, Inc. (NYSE:MO) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 7,959 shares of the company’s stock, valued at approximately $459,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Bank of New York Mellon Corp lifted its position in shares of Altria Group by 0.4% during the 4th quarter. Bank of New York Mellon Corp now owns 12,795,466 shares of the company’s stock worth $737,787,000 after buying an additional 47,638 shares during the period. Bruce G. Allen Investments LLC lifted its position in shares of Altria Group by 34.8% during the 4th quarter. Bruce G. Allen Investments LLC now owns 1,084 shares of the company’s stock worth $63,000 after buying an additional 280 shares during the period. Peak Retirement Planning Inc. lifted its position in shares of Altria Group by 30.1% during the 4th quarter. Peak Retirement Planning Inc. now owns 36,261 shares of the company’s stock worth $2,091,000 after buying an additional 8,386 shares during the period. Strategic Advisors LLC lifted its position in shares of Altria Group by 2.0% during the 4th quarter. Strategic Advisors LLC now owns 8,243 shares of the company’s stock worth $475,000 after buying an additional 160 shares during the period. Finally, 3Chopt Investment Partners LLC lifted its position in shares of Altria Group by 1.0% during the 4th quarter. 3Chopt Investment Partners LLC now owns 73,547 shares of the company’s stock worth $4,319,000 after buying an additional 731 shares during the period. Institutional investors own 57.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on MO shares. Wall Street Zen downgraded Altria Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. UBS Group lifted their price objective on Altria Group from $74.00 to $76.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Stifel Nicolaus raised their target price on Altria Group from $68.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Bank of America raised their target price on Altria Group from $72.00 to $73.00 and gave the company a “buy” rating in a research note on Friday, April 10th. Finally, Jefferies Financial Group raised their target price on Altria Group from $50.00 to $60.00 and gave the company an “underperform” rating in a research note on Wednesday, May 27th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Altria Group currently has an average rating of “Hold” and an average price target of $70.44.

Altria Group Stock Up 1.7%

Shares of MO opened at $70.45 on Thursday. Altria Group, Inc. has a 12-month low of $54.70 and a 12-month high of $74.56. The firm has a market capitalization of $117.64 billion, a PE ratio of 14.74, a price-to-earnings-growth ratio of 2.59 and a beta of 0.46. The stock’s fifty day simple moving average is $68.50 and its 200-day simple moving average is $64.31.

Altria Group (NYSE:MO) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.32 earnings per share (EPS) for the quarter, beating 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 business 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 firm posted $1.23 earnings per share. The firm’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. Analysts anticipate that Altria Group, Inc. will post 5.68 EPS for the current year.

Altria Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 15th will be paid a dividend of $1.06 per share. This represents a $4.24 annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend is Monday, June 15th. Altria Group’s dividend payout ratio is 88.70%.

Insider Buying and Selling at Altria Group

In other news, Director Ellen R. Strahlman sold 2,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $72.56, for a total transaction of $145,120.00. Following 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 ownership of the stock. The sale 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 on Tuesday, May 26th. The shares were sold at an average price of $72.25, for a total value of $418,327.50. Following the transaction, the director directly owned 73,809 shares in the company, valued at $5,332,700.25. This trade 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.

About Altria Group

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.