Alchemi Wealth LLC Makes New Investment in Altria Group, Inc. $MO

Alchemi Wealth LLC bought a new stake in shares of Altria Group, Inc. (NYSE:MO) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,418 shares of the company’s stock, valued at approximately $1,120,000.

A number of other hedge funds have also modified their holdings of the stock. Marshall Wace LLP boosted its position in shares of Altria Group by 286.7% in the 3rd quarter. Marshall Wace LLP now owns 4,479,699 shares of the company’s stock valued at $295,929,000 after purchasing an additional 3,321,262 shares during the period. Ameriprise Financial Inc. increased its position in shares of Altria Group by 19.4% in the third quarter. Ameriprise Financial Inc. now owns 19,567,823 shares of the company’s stock worth $1,285,575,000 after acquiring an additional 3,172,753 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Altria Group by 438.6% during the fourth quarter. SG Americas Securities LLC now owns 3,637,678 shares of the company’s stock valued at $209,749,000 after acquiring an additional 2,962,270 shares during the period. Vanguard Group Inc. raised its holdings in shares of Altria Group by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 160,980,626 shares of the company’s stock valued at $9,282,143,000 after acquiring an additional 1,903,530 shares during the period. Finally, Federated Hermes Inc. lifted its position in shares of Altria Group by 333.1% in the 4th quarter. Federated Hermes Inc. now owns 2,071,154 shares of the company’s stock valued at $119,423,000 after acquiring an additional 1,592,940 shares in the last quarter. 57.41% of the stock is currently 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 business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $72.56, for a total transaction of $145,120.00. Following the transaction, the director directly owned 25,102 shares in the company, valued at $1,821,401.12. The trade was a 7.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ennis Debra J. Kelly sold 5,790 shares of Altria Group stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $72.25, for a total value of $418,327.50. Following the sale, the director directly owned 73,809 shares in the company, valued at $5,332,700.25. The trade was a 7.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have weighed in on MO. Citigroup lifted their price objective on shares of Altria Group from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. UBS Group lifted their price target on Altria Group from $74.00 to $76.00 and gave the company a “buy” rating in a report on Friday, May 1st. Jefferies Financial Group upped their price target on Altria Group from $50.00 to $60.00 and gave the company an “underperform” rating in a research report on Wednesday, May 27th. The Goldman Sachs Group reissued a “buy” rating and issued a $77.00 price objective on shares of Altria Group in a research note on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Altria Group from $60.00 to $66.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $70.44.

Altria Group Stock Performance

NYSE MO opened at $71.83 on Friday. The stock has a 50-day simple moving average of $69.40 and a 200 day simple moving average of $64.92. Altria Group, Inc. has a twelve month low of $54.70 and a twelve month high of $74.56. The stock has a market capitalization of $119.95 billion, a PE ratio of 15.03, a P/E/G ratio of 2.67 and a beta of 0.46.

Altria Group (NYSE:MO) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.32 EPS for the quarter, topping 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 company had revenue of $4.76 billion during the quarter, compared to analyst estimates of $4.58 billion. During the same period in the previous year, the company earned $1.23 earnings per share. The company’s quarterly 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. As a group, equities research analysts forecast that Altria Group, Inc. will post 5.68 EPS for the current fiscal year.

Altria Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 15th will be given a dividend of $1.06 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 5.9%. Altria Group’s dividend payout ratio is currently 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.