Foundations Investment Advisors LLC Has $22.74 Million Stock Holdings in Altria Group, Inc. $MO

Foundations Investment Advisors LLC raised its stake in shares of Altria Group, Inc. (NYSE:MO) by 20.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 394,399 shares of the company’s stock after purchasing an additional 65,974 shares during the period. Foundations Investment Advisors LLC’s holdings in Altria Group were worth $22,741,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC acquired a new stake in shares of Altria Group in the second quarter worth $27,000. Navalign LLC acquired a new stake in shares of Altria Group in the fourth quarter worth $28,000. Creative Capital Management Investments LLC acquired a new stake in Altria Group during the fourth quarter worth $29,000. EMC Capital Management acquired a new stake in Altria Group during the third quarter worth $33,000. Finally, Elevation Wealth Partners LLC boosted its stake in Altria Group by 79.0% during the fourth quarter. Elevation Wealth Partners LLC now owns 630 shares of the company’s stock worth $36,000 after buying an additional 278 shares in the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Stock Down 0.2%

Altria Group stock opened at $72.19 on Thursday. The stock has a 50-day simple moving average of $68.02 and a 200 day simple moving average of $63.89. Altria Group, Inc. has a 12-month low of $54.70 and a 12-month high of $74.56. The stock has a market capitalization of $120.55 billion, a price-to-earnings ratio of 15.10, a P/E/G ratio of 2.71 and a beta of 0.48.

Altria Group (NYSE:MO) last released its quarterly earnings results on Thursday, April 30th. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.07. The business had revenue of $4.76 billion during the quarter, compared to analysts’ expectations of $4.58 billion. Altria Group had a negative return on equity of 298.69% and a net margin of 34.34%.The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.23 earnings per share. Altria Group has set its FY 2026 guidance at 5.560-5.72 EPS. As a group, sell-side analysts anticipate that Altria Group, Inc. will post 5.68 EPS for the current year.

Altria Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 15th will be given a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date is Monday, June 15th. Altria Group’s dividend payout ratio (DPR) is presently 88.70%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Altria Group from $60.00 to $66.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. Wall Street Zen downgraded shares of Altria Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Barclays lifted their price objective on Altria Group from $63.00 to $64.00 and gave the company an “underweight” rating in a report on Friday, May 15th. UBS Group lifted their price objective on Altria Group from $74.00 to $76.00 and gave the company a “buy” rating in a report on Friday, May 1st. Finally, Citigroup lifted their price objective on Altria Group from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Altria Group has an average rating of “Hold” and an average target price of $70.44.

Insider Buying and Selling

In related news, SVP Charles N. Whitaker sold 27,908 shares of Altria Group stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $67.57, for a total value of $1,885,743.56. Following the completion of the sale, the senior vice president directly owned 180,869 shares in the company, valued at $12,221,318.33. This trade represents a 13.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is currently owned by insiders.

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.