Integrated Advisors Network LLC Lowers Holdings in Altria Group, Inc. $MO

Integrated Advisors Network LLC decreased its holdings in shares of Altria Group, Inc. (NYSE:MO) by 33.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,667 shares of the company’s stock after selling 12,589 shares during the quarter. Integrated Advisors Network LLC’s holdings in Altria Group were worth $1,628,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MO. Vanguard Group Inc. increased its position in shares of Altria Group by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 160,980,626 shares of the company’s stock worth $9,282,143,000 after purchasing an additional 1,903,530 shares during the last quarter. State Street Corp lifted its position in Altria Group by 1.6% in the fourth quarter. State Street Corp now owns 72,830,531 shares of the company’s stock valued at $4,275,886,000 after buying an additional 1,147,141 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Altria Group by 10.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 65,516,916 shares of the company’s stock valued at $3,777,931,000 after buying an additional 6,265,780 shares during the last quarter. Geode Capital Management LLC boosted its stake in Altria Group by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 45,984,718 shares of the company’s stock worth $2,651,383,000 after buying an additional 729,999 shares during the period. Finally, Morgan Stanley boosted its stake in Altria Group by 1.5% during the fourth quarter. Morgan Stanley now owns 22,306,173 shares of the company’s stock worth $1,286,174,000 after buying an additional 335,089 shares during the period. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Insider Activity

In related news, Director Ennis Debra J. Kelly sold 5,790 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $72.25, for a total transaction of $418,327.50. Following the sale, the director directly owned 73,809 shares in the company, valued at approximately $5,332,700.25. This represents a 7.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ellen R. Strahlman sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $72.56, for a total transaction of $145,120.00. Following the completion of the sale, the director directly owned 25,102 shares in the company, valued at approximately $1,821,401.12. This trade represents a 7.38% 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 Up 1.5%

NYSE:MO opened at $72.94 on Wednesday. Altria Group, Inc. has a 52 week low of $54.70 and a 52 week high of $74.56. The company has a fifty day simple moving average of $71.29 and a two-hundred day simple moving average of $66.51. The company has a market cap of $121.81 billion, a price-to-earnings ratio of 15.26, a price-to-earnings-growth ratio of 2.69 and a beta of 0.45.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.07. The business had revenue of $4.76 billion for 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 company’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the firm earned $1.23 earnings per share. 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 EPS for the current year.

Altria Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MO. Barclays boosted their price target 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. Stifel Nicolaus increased their price objective on shares of Altria Group from $68.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Morgan Stanley set a $71.00 target price on shares of Altria Group in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft boosted 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. Finally, Jefferies Financial Group upped their price target on Altria Group from $50.00 to $60.00 and gave the stock an “underperform” rating in a research note on Wednesday, May 27th. Five investment 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $70.78.

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.