Apollon Wealth Management LLC Has $10.68 Million Holdings in Altria Group, Inc. $MO

Apollon Wealth Management LLC increased its holdings in shares of Altria Group, Inc. (NYSE:MO) by 104.5% during the first quarter, Holdings Channel.com reports. The fund owned 161,788 shares of the company’s stock after purchasing an additional 82,690 shares during the quarter. Apollon Wealth Management LLC’s holdings in Altria Group were worth $10,676,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of MO. Johnson & White Wealth Management LLC boosted its holdings in Altria Group by 1.2% in the 4th quarter. Johnson & White Wealth Management LLC now owns 12,704 shares of the company’s stock valued at $733,000 after purchasing an additional 154 shares during the period. Kanawha Capital Management LLC increased its holdings in shares of Altria Group by 0.8% during the fourth quarter. Kanawha Capital Management LLC now owns 19,546 shares of the company’s stock worth $1,127,000 after purchasing an additional 160 shares during the period. Strategic Advisors LLC increased its holdings in shares of Altria Group by 2.0% during the fourth quarter. Strategic Advisors LLC now owns 8,243 shares of the company’s stock worth $475,000 after purchasing an additional 160 shares during the period. Acorn Wealth Advisors LLC raised its position in shares of Altria Group by 1.6% in the fourth quarter. Acorn Wealth Advisors LLC now owns 10,117 shares of the company’s stock valued at $583,000 after buying an additional 163 shares in the last quarter. Finally, Truvestments Capital LLC raised its position in shares of Altria Group by 1.6% in the fourth quarter. Truvestments Capital LLC now owns 10,498 shares of the company’s stock valued at $605,000 after buying an additional 165 shares in the last quarter. 57.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on MO shares. UBS Group increased their price target on Altria Group from $74.00 to $76.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Bank of America lifted their price objective on Altria Group from $72.00 to $73.00 and gave the company a “buy” rating in a report on Friday, April 10th. Deutsche Bank Aktiengesellschaft upped their target price on Altria Group from $60.00 to $66.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Citigroup increased their target price on Altria Group from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Finally, Stifel Nicolaus raised their price target on Altria Group from $68.00 to $77.00 and gave the stock a “buy” rating in a research 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $70.44.

Insider Transactions at Altria Group

In other Altria Group news, Director Ennis Debra J. Kelly sold 5,790 shares of Altria Group stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $72.25, for a total value of $418,327.50. Following the transaction, the director owned 73,809 shares in the company, valued at $5,332,700.25. The trade was a 7.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ellen R. Strahlman sold 2,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $72.56, for a total value of $145,120.00. Following the transaction, the director directly owned 25,102 shares of the company’s stock, valued at approximately $1,821,401.12. The trade was a 7.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.10% of the company’s stock.

Altria Group Price Performance

Shares of MO opened at $73.73 on Monday. The firm has a 50 day simple moving average of $70.29 and a two-hundred day simple moving average of $65.83. Altria Group, Inc. has a one year low of $54.70 and a one year high of $74.56. The company has a market cap of $123.13 billion, a P/E ratio of 15.43, a P/E/G ratio of 2.76 and a beta of 0.46.

Altria Group (NYSE:MO) last issued its earnings results on Thursday, April 30th. The company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $4.76 billion for the quarter, compared to the consensus estimate of $4.58 billion. During the same quarter last year, the business posted $1.23 EPS. The company’s revenue 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. On average, analysts expect that Altria Group, Inc. will post 5.68 earnings per share for the current fiscal year.

Altria Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 15th will be paid a $1.06 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $4.24 annualized dividend and a yield of 5.8%. Altria Group’s dividend payout ratio (DPR) is 88.70%.

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.