Altria Group, Inc. $MO Shares Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. grew its stake in shares of Altria Group, Inc. (NYSE:MO) by 6.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 223,007 shares of the company’s stock after purchasing an additional 12,975 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Altria Group were worth $15,017,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Park Avenue Securities LLC boosted its holdings in shares of Altria Group by 1.1% in the 3rd quarter. Park Avenue Securities LLC now owns 94,896 shares of the company’s stock valued at $6,390,000 after buying an additional 991 shares during the last quarter. Midwest Heritage Bank FSB grew its stake in shares of Altria Group by 6.3% in the third quarter. Midwest Heritage Bank FSB now owns 5,245 shares of the company’s stock valued at $353,000 after buying an additional 312 shares in the last quarter. National Wealth Management Group LLC increased its holdings in Altria Group by 29.3% during the third quarter. National Wealth Management Group LLC now owns 9,707 shares of the company’s stock worth $654,000 after buying an additional 2,202 shares during the last quarter. Leslie Global Wealth LLC increased its holdings in Altria Group by 3.6% during the third quarter. Leslie Global Wealth LLC now owns 5,798 shares of the company’s stock worth $390,000 after buying an additional 201 shares during the last quarter. Finally, Flagship Harbor Advisors LLC raised its position in Altria Group by 0.6% during the third quarter. Flagship Harbor Advisors LLC now owns 24,429 shares of the company’s stock worth $1,645,000 after acquiring an additional 157 shares in the last quarter. Institutional investors own 57.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on MO shares. Barclays cut their price target on shares of Altria Group from $64.00 to $58.00 and set an “underweight” rating for the company in a research note on Tuesday, August 11th. Freedom Broker upgraded shares of Altria Group to a “hold” rating in a research note on Wednesday, September 16th. Weiss Ratings restated a “buy (b)” rating on shares of Altria Group in a research note on Monday, October 12th. UBS Group upped their target price on shares of Altria Group from $76.00 to $79.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Finally, BTIG Research assumed coverage on shares of Altria Group in a research note on Tuesday, July 21st. They issued a “neutral” rating for the company. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Altria Group presently has an average rating of “Hold” and an average target price of $70.11.

Insider Buying and Selling

In related news, Director Kathryn McQuade purchased 1,500 shares of the firm’s stock in a transaction that occurred on 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 purchase, the director owned 114,929 shares in the company, valued at approximately $7,771,498.98. This represents a 1.32% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.10% of the company’s stock.

Altria Group Trading Down 1.0%

MO opened at $73.58 on Tuesday. Altria Group, Inc. has a 1-year low of $54.70 and a 1-year high of $77.06. The stock’s fifty day simple moving average is $69.52 and its 200 day simple moving average is $68.28. The stock has a market cap of $122.86 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 2.64 and a beta of 0.42.

Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.02). Altria Group had a negative return on equity of 315.29% and a net margin of 33.99%. The company had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $5.35 billion. During the same period last year, the firm earned $1.44 earnings per share. The company’s revenue for the quarter 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. Equities analysts forecast that Altria Group, Inc. will post 5.67 earnings per share for the current year.

Altria Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Tuesday, September 15th were paid a dividend of $1.11 per share. The ex-dividend date was Tuesday, September 15th. This represents a $4.44 dividend on an annualized basis and a dividend yield of 6.0%. This is a boost from Altria Group’s previous quarterly dividend of $1.06. Altria Group’s dividend payout ratio is 93.67%.

Altria Group Company Profile

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.