Cornerstone Wealth Group LLC Boosts Stock Holdings in Altria Group, Inc. $MO

Cornerstone Wealth Group LLC grew its stake in shares of Altria Group, Inc. (NYSE:MO) by 5.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 162,195 shares of the company’s stock after buying an additional 9,065 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in Altria Group were worth $10,486,000 at the end of the most recent quarter.

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

Insider Activity

In other news, Director Ellen R. Strahlman sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ennis Debra J. Kelly sold 5,790 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $72.25, for a total transaction of $418,327.50. Following the transaction, the director owned 73,809 shares in the company, valued at $5,332,700.25. This represents a 7.27% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.10% of the company’s stock.

Altria Group Stock Performance

MO opened at $73.73 on Friday. Altria Group, Inc. has a 52-week low of $54.70 and a 52-week high of $74.56. The stock has a market capitalization of $123.13 billion, a PE ratio of 15.43, a price-to-earnings-growth ratio of 2.76 and a beta of 0.46. The stock’s 50 day moving average price is $70.29 and its 200-day moving average price is $65.78.

Altria Group (NYSE:MO) last announced its earnings results on Thursday, April 30th. The company reported $1.32 EPS 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 company had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.58 billion. During the same quarter in the prior year, the company earned $1.23 earnings per share. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. Altria Group has set its FY 2026 guidance at 5.560-5.72 EPS. 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. Shareholders of record on Monday, June 15th will be issued a $1.06 dividend. The ex-dividend date is Monday, June 15th. This represents a $4.24 annualized dividend and a yield of 5.8%. Altria Group’s dividend payout ratio is 88.70%.

Wall Street Analyst Weigh In

MO has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of Altria Group from a “buy” rating to a “hold” rating in a research note on Sunday, June 21st. Jefferies Financial Group increased their price target on shares of Altria Group from $50.00 to $60.00 and gave the company an “underperform” rating in a research report on Wednesday, May 27th. Stifel Nicolaus raised their price target on shares of Altria Group from $68.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Morgan Stanley set a $71.00 price objective on shares of Altria Group in a research report on Friday, May 1st. Finally, Barclays upped their price objective on shares of Altria Group from $63.00 to $64.00 and gave the company an “underweight” rating in a research note on Friday, May 15th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price 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.