Atlas Capital Advisors Inc. Invests $805,000 in Altria Group, Inc. $MO

Atlas Capital Advisors Inc. acquired a new position in shares of Altria Group, Inc. (NYSE:MO) during the 4th quarter, Holdings Channel reports. The firm acquired 13,953 shares of the company’s stock, valued at approximately $805,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Ally Financial Inc. bought a new stake in Altria Group in the 4th quarter valued at $2,479,000. Aptus Capital Advisors LLC lifted its position in shares of Altria Group by 2.3% during the 4th quarter. Aptus Capital Advisors LLC now owns 299,099 shares of the company’s stock valued at $17,249,000 after acquiring an additional 6,818 shares during the period. FORA Capital LLC lifted its position in shares of Altria Group by 29.6% during the 4th quarter. FORA Capital LLC now owns 21,091 shares of the company’s stock valued at $1,216,000 after acquiring an additional 4,821 shares during the period. CreativeOne Wealth LLC raised its holdings in shares of Altria Group by 10.2% during the 4th quarter. CreativeOne Wealth LLC now owns 249,161 shares of the company’s stock worth $14,367,000 after buying an additional 22,977 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its holdings in shares of Altria Group by 7.0% during the 4th quarter. Kestra Advisory Services LLC now owns 504,267 shares of the company’s stock worth $29,076,000 after buying an additional 32,904 shares in the last quarter. 57.41% of the stock is currently owned by institutional investors.

Altria Group Stock Performance

Shares of NYSE:MO opened at $71.83 on Monday. The business’s 50 day simple moving average is $69.40 and its two-hundred day simple moving average is $64.98. The firm has a market cap of $119.95 billion, a P/E ratio of 15.03, a PEG ratio of 2.69 and a beta of 0.46. Altria Group, Inc. has a 52-week low of $54.70 and a 52-week high of $74.56.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, April 30th. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.07. The business had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. Altria Group had a negative return on equity of 298.69% and a net margin of 34.34%.The company’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.23 earnings per share. Altria Group has set its FY 2026 guidance at 5.560-5.72 EPS. On average, equities analysts forecast that Altria Group, Inc. will post 5.68 earnings per share for the current fiscal year.

Altria Group Dividend Announcement

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 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 dividend yield of 5.9%. Altria Group’s dividend payout ratio is 88.70%.

Analyst Ratings Changes

A number of brokerages have issued reports on MO. UBS Group upped their target price on Altria Group from $74.00 to $76.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Jefferies Financial Group increased their price target on Altria Group from $50.00 to $60.00 and gave the company an “underperform” rating in a research note on Wednesday, May 27th. Bank of America increased their price target on Altria Group from $72.00 to $73.00 and gave the company a “buy” rating in a research note on Friday, April 10th. Barclays upped their target price on Altria Group from $63.00 to $64.00 and gave the company an “underweight” rating in a research report on Friday, May 15th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $77.00 target price on shares of Altria Group in a research report on Thursday, April 30th. 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 company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $70.44.

Insider Activity at Altria Group

In other news, 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 value of $418,327.50. Following the completion of the sale, the director directly owned 73,809 shares of the company’s stock, valued at $5,332,700.25. This represents a 7.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ellen R. Strahlman sold 2,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $72.56, for a total value of $145,120.00. Following the completion of the sale, the director directly owned 25,102 shares of the company’s stock, valued at approximately $1,821,401.12. This trade represents a 7.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.10% of the company’s stock.

About Altria Group

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.