Allen Investment Management LLC Purchases Shares of 48,372 Altria Group, Inc. $MO

Allen Investment Management LLC acquired a new stake in shares of Altria Group, Inc. (NYSE:MO) in the fourth quarter, Holdings Channel.com reports. The firm acquired 48,372 shares of the company’s stock, valued at approximately $2,789,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MO. Darwin Wealth Management LLC acquired a new stake in Altria Group in the 2nd quarter valued at $27,000. Navalign LLC purchased a new stake in shares of Altria Group during the fourth quarter worth approximately $28,000. Creative Capital Management Investments LLC purchased a new stake in shares of Altria Group during the fourth quarter worth approximately $29,000. EMC Capital Management acquired a new position in Altria Group in the 3rd quarter valued at $33,000. Finally, Elevation Wealth Partners LLC raised its stake in Altria Group by 79.0% in the 4th quarter. Elevation Wealth Partners LLC now owns 630 shares of the company’s stock valued at $36,000 after purchasing an additional 278 shares during the last quarter. 57.41% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Altria Group

In related news, Director Ellen R. Strahlman sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $72.56, for a total transaction of $145,120.00. Following the sale, the director directly owned 25,102 shares of the company’s stock, valued at $1,821,401.12. This represents a 7.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ennis Debra J. Kelly sold 5,790 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $72.25, for a total transaction of $418,327.50. Following the sale, the director owned 73,809 shares in the company, valued at approximately $5,332,700.25. This trade represents a 7.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 35,698 shares of company stock valued at $2,449,191. 0.10% of the stock is currently owned by corporate insiders.

Altria Group Price Performance

Shares of MO opened at $68.61 on Tuesday. The firm has a 50-day simple moving average of $68.29 and a two-hundred day simple moving average of $64.14. The stock has a market cap of $114.56 billion, a PE ratio of 14.35, a P/E/G ratio of 2.60 and a beta of 0.46. Altria Group, Inc. has a 1-year low of $54.70 and a 1-year high of $74.56.

Altria Group (NYSE:MO) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.25 by $0.07. Altria Group had a net margin of 34.34% and a negative return on equity of 298.69%. The firm had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. During the same period in the prior year, the business posted $1.23 EPS. The business’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. As a group, sell-side analysts expect that Altria Group, Inc. will post 5.68 earnings per share for the current fiscal year.

Altria Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 15th will be given a $1.06 dividend. This represents a $4.24 annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Monday, June 15th. Altria Group’s payout ratio is currently 88.70%.

Analyst Ratings Changes

Several analysts recently issued reports on MO shares. UBS Group upped their price objective on shares of Altria Group from $74.00 to $76.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Citigroup upped their price target on Altria Group from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. The Goldman Sachs Group reiterated a “buy” rating and set a $77.00 price objective on shares of Altria Group in a research report on Thursday, April 30th. Stifel Nicolaus boosted their price objective on Altria Group from $68.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Altria Group from $60.00 to $66.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $70.44.

Altria Group 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.