Coastal Bridge Advisors LLC Acquires New Shares in Altria Group, Inc. $MO

Coastal Bridge Advisors LLC acquired a new position in shares of Altria Group, Inc. (NYSE:MO) during the second quarter, Holdings Channel.com reports. The fund acquired 7,758 shares of the company’s stock, valued at approximately $558,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of Altria Group in the second quarter worth about $26,000. Darwin Wealth Management LLC purchased a new position in Altria Group during the second quarter valued at approximately $27,000. Navalign LLC purchased a new position in Altria Group during the fourth quarter valued at approximately $28,000. Miller Capital Partners Inc. bought a new stake in Altria Group during the 4th quarter worth approximately $29,000. Finally, Hughes Financial Services LLC increased its holdings in Altria Group by 62.9% during the 4th quarter. Hughes Financial Services LLC now owns 510 shares of the company’s stock worth $29,000 after acquiring an additional 197 shares during the period. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Key Altria Group News

Here are the key news stories impacting Altria Group this week:

• Positive Sentiment: Altria raised its quarterly dividend 4.7% to $1.11 per share, payable October 9 to shareholders of record September 15. The increase reinforces Altria’s reputation as a high-yield income stock, with an annualized yield of approximately 6.5%, and may be supporting investor demand. Altria Increases Quarterly Dividend to $1.11 Per Share
• Positive Sentiment: The election of Steve Presley to Altria’s board adds a director with extensive consumer-products and business leadership experience. While not an immediate earnings catalyst, the appointment could support oversight and long-term strategic execution. Altria Announces Election of Steve Presley to Altria’s Board of Directors
• Neutral Sentiment: Analyst commentary continues to focus on Altria’s valuation, dividend durability and efforts to expand beyond traditional cigarettes. The stock’s roughly 95% five-year gain highlights its strong performance, but also raises questions about how much future growth is already reflected in the price. Altria Stock Looks Reasonably Priced
• Negative Sentiment: The FDA authorized three new JUUL2 e-cigarette products, including flavored pods. The decision validates the regulated nicotine-vapor category but may intensify competition for Altria’s NJOY business and other reduced-risk products, potentially limiting market-share gains. FDA Allows Marketing of Juul’s New E-Cigarettes and Flavored Pods

Altria Group Price Performance

Shares of MO opened at $68.68 on Friday. The firm has a market cap of $114.68 billion, a P/E ratio of 14.49, a P/E/G ratio of 2.40 and a beta of 0.46. The stock has a 50 day simple moving average of $70.10 and a two-hundred day simple moving average of $68.95. Altria Group, Inc. has a 1 year low of $54.70 and a 1 year high of $77.06.

Altria Group (NYSE:MO) last issued its quarterly 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 business had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $5.35 billion. Altria Group had a net margin of 33.99% and a negative return on equity of 315.29%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.44 earnings per share. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. On average, equities analysts anticipate that Altria Group, Inc. will post 5.67 earnings per share for the current year.

Altria Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Tuesday, September 15th will be issued a dividend of $1.11 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $4.44 annualized dividend and a dividend yield of 6.5%. This is an increase from Altria Group’s previous quarterly dividend of $1.06. Altria Group’s payout ratio is 89.45%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MO. Barclays cut their price target on shares of Altria Group from $64.00 to $58.00 and set an “underweight” rating for the company in a report on Tuesday, August 11th. Wall Street Zen cut shares of Altria Group from a “buy” rating to a “hold” rating in a report on Sunday, June 21st. UBS Group increased their price objective on Altria Group from $76.00 to $79.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. BTIG Research assumed coverage on Altria Group in a research note on Tuesday, July 21st. They set a “neutral” rating for the company. Finally, Morgan Stanley set a $71.00 target price on Altria Group in a research report on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $70.11.

Altria Group Company 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.