12,079 Shares in Altria Group, Inc. $MO Bought by MidFirst Bank

MidFirst Bank acquired a new stake in Altria Group, Inc. (NYSE:MO) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 12,079 shares of the company’s stock, valued at approximately $696,000.

A number of other large investors have also modified their holdings of the company. Johnson & White Wealth Management LLC boosted its stake in shares of 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 in the last quarter. Kanawha Capital Management LLC increased its stake in shares of Altria Group by 0.8% in the 4th 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 in the last quarter. Strategic Advisors LLC raised its holdings in Altria Group by 2.0% in the 4th quarter. Strategic Advisors LLC now owns 8,243 shares of the company’s stock worth $475,000 after purchasing an additional 160 shares during the period. Acorn Wealth Advisors LLC raised its holdings in Altria Group by 1.6% in the 4th quarter. Acorn Wealth Advisors LLC now owns 10,117 shares of the company’s stock worth $583,000 after purchasing an additional 163 shares during the period. Finally, Truvestments Capital LLC boosted its position in Altria Group by 1.6% during the fourth quarter. Truvestments Capital LLC now owns 10,498 shares of the company’s stock worth $605,000 after purchasing an additional 165 shares in the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the company. Wall Street Zen raised Altria Group from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. UBS Group upped their target price on Altria Group from $74.00 to $76.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft increased 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. Jefferies Financial Group boosted their price target on shares of Altria Group from $50.00 to $60.00 and gave the stock an “underperform” rating in a report on Wednesday, May 27th. Finally, Citigroup upped their price objective on shares of Altria Group from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $70.44.

Insiders Place Their Bets

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 shares were sold at an average price of $72.25, for a total value of $418,327.50. Following the completion of the sale, the director owned 73,809 shares of the company’s stock, valued at $5,332,700.25. This represents a 7.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ellen R. Strahlman sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $72.56, for a total transaction of $145,120.00. Following the sale, the director owned 25,102 shares of the company’s stock, valued at $1,821,401.12. This represents a 7.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.10% of the company’s stock.

Altria Group Trading Up 0.1%

Shares of NYSE MO opened at $69.18 on Friday. The stock has a market cap of $115.53 billion, a PE ratio of 14.47, a P/E/G ratio of 2.59 and a beta of 0.46. Altria Group, Inc. has a 12-month low of $54.70 and a 12-month high of $74.56. The company has a 50-day moving average of $69.72 and a 200 day moving average of $65.31.

Altria Group (NYSE:MO) last released its earnings results on Thursday, April 30th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 34.34% and a negative return on equity of 298.69%. The business’s revenue was up 5.3% on a year-over-year basis. During the same period last year, the company posted $1.23 EPS. Altria Group has set its FY 2026 guidance at 5.560-5.72 EPS. On average, sell-side analysts forecast that Altria Group, Inc. will post 5.68 EPS 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. Investors of record on Monday, June 15th will be given a dividend of $1.06 per share. The ex-dividend date is Monday, June 15th. This represents a $4.24 dividend on an annualized basis and a yield of 6.1%. Altria Group’s dividend payout ratio (DPR) is presently 88.70%.

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.