Integrated Wealth Concepts LLC Grows Position in Altria Group, Inc. $MO

Integrated Wealth Concepts LLC raised its stake in Altria Group, Inc. (NYSE:MO) by 9.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 135,160 shares of the company’s stock after acquiring an additional 11,842 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Altria Group were worth $9,725,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in MO. Illinois Municipal Retirement Fund grew its holdings in Altria Group by 7.1% in the fourth quarter. Illinois Municipal Retirement Fund now owns 668,243 shares of the company’s stock valued at $38,531,000 after purchasing an additional 44,267 shares during the period. Procyon Advisors LLC increased its position in Altria Group by 59.3% during the first quarter. Procyon Advisors LLC now owns 38,926 shares of the company’s stock worth $2,569,000 after purchasing an additional 14,490 shares during the last quarter. North Dakota State Investment Board purchased a new position in Altria Group during the fourth quarter worth approximately $3,336,000. Rayburn West Financial Services LLC purchased a new position in Altria Group during the fourth quarter worth approximately $2,438,000. Finally, Stephens Inc. AR raised its stake in Altria Group by 8.6% during the first quarter. Stephens Inc. AR now owns 266,504 shares of the company’s stock worth $17,696,000 after purchasing an additional 21,124 shares during the period. 57.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MO has been the subject of several research reports. BTIG Research started coverage on shares of Altria Group in a research note on Tuesday, July 21st. They set a “neutral” rating for the company. Wall Street Zen lowered Altria Group from a “buy” rating to a “hold” rating in a research report on Sunday, June 21st. Jefferies Financial Group lifted their target price on Altria Group from $50.00 to $60.00 and gave the company an “underperform” rating in a report on Wednesday, May 27th. UBS Group boosted their price target on Altria Group from $76.00 to $79.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Altria Group in a research report on Tuesday, July 14th. Five investment analysts have rated the stock with a Buy rating, four have issued 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 $70.11.

Altria Group Stock Performance

NYSE MO opened at $68.73 on Friday. The firm has a market capitalization of $114.77 billion, a price-to-earnings ratio of 14.50, a PEG ratio of 2.41 and a beta of 0.45. Altria Group, Inc. has a one year low of $54.70 and a one year high of $77.06. The company’s 50 day moving average price is $69.48 and its 200 day moving average price is $69.11.

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

Altria Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Tuesday, September 15th will be issued a $1.11 dividend. This is a boost from Altria Group’s previous quarterly dividend of $1.06. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $4.44 annualized dividend and a dividend yield of 6.5%. Altria Group’s dividend payout ratio (DPR) is presently 89.45%.

Altria Group Company Profile

Altria Group, Inc (NYSE: MO) is a tobacco and nicotine company headquartered in Richmond, Virginia. Through its operating companies, Altria develops, manufactures and markets cigarettes, cigars, oral tobacco products, nicotine pouches and electronic vaping products, with its business focused primarily on the United States.

Altria’s smokeable products portfolio includes Marlboro cigarettes, which are manufactured and marketed in the U.S. by Philip Morris USA, as well as Black & Mild cigars through John Middleton.