Altria Group, Inc. $MO Shares Acquired by KMG Fiduciary Partners LLC

KMG Fiduciary Partners LLC lifted its position in shares of Altria Group, Inc. (NYSE:MO) by 65.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 23,273 shares of the company’s stock after purchasing an additional 9,185 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in Altria Group were worth $1,674,000 as of its most recent filing with the SEC.

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

Altria Group Stock Down 4.3%

MO opened at $65.42 on Tuesday. The firm has a market cap of $109.23 billion, a price-to-earnings ratio of 13.80, a price-to-earnings-growth ratio of 2.42 and a beta of 0.46. Altria Group, Inc. has a fifty-two week low of $54.70 and a fifty-two week high of $77.06. The company’s 50-day moving average price is $71.27 and its 200 day moving average price is $68.64.

Altria Group (NYSE:MO) last issued its earnings results on Thursday, July 30th. The company reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.02). The company had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.35 billion. Altria Group had a net margin of 33.99% and a negative return on equity of 315.29%. The business’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.44 earnings per share. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. Research analysts anticipate that Altria Group, Inc. will post 5.68 earnings per share for the current year.

Altria Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 15th were given a $1.06 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $4.24 annualized dividend and a yield of 6.5%. Altria Group’s dividend payout ratio (DPR) is currently 89.45%.

Analyst Upgrades and Downgrades

Several research firms have commented on MO. BTIG Research initiated coverage on Altria Group in a research report on Tuesday, July 21st. They issued a “neutral” rating on the stock. UBS Group upped their target price on Altria Group from $76.00 to $79.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Jefferies Financial Group increased their target price on Altria Group from $50.00 to $60.00 and gave the company an “underperform” rating in a research note on Wednesday, May 27th. Morgan Stanley set a $71.00 price target on Altria Group in a research report on Friday, May 1st. Finally, Wall Street Zen cut Altria Group from a “buy” rating to a “hold” rating in a report on Sunday, June 21st. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $70.78.

Insiders Place Their Bets

In related news, Director Ellen R. Strahlman sold 2,000 shares of Altria Group 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 sale, the director directly owned 25,102 shares in the company, valued at $1,821,401.12. This trade represents a 7.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 directly owned 73,809 shares of the company’s stock, valued at $5,332,700.25. The trade was a 7.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.10% of the company’s stock.

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.