Addison Capital Co Invests $597,000 in Altria Group, Inc. $MO

Addison Capital Co bought a new stake in shares of Altria Group, Inc. (NYSE:MO) in the 1st quarter, HoldingsChannel.com reports. The firm bought 9,050 shares of the company’s stock, valued at approximately $597,000.

A number of other hedge funds and other institutional investors have also modified their holdings of MO. Johnson & White Wealth Management LLC raised its holdings 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 buying an additional 154 shares during the period. Kanawha Capital Management LLC boosted its holdings in shares of Altria Group by 0.8% during the fourth quarter. Kanawha Capital Management LLC now owns 19,546 shares of the company’s stock worth $1,127,000 after purchasing an additional 160 shares during the period. Strategic Advisors LLC boosted its holdings in shares of Altria Group by 2.0% during the fourth 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. Patten Group Inc. grew its position in Altria Group by 4.0% during the first quarter. Patten Group Inc. now owns 4,165 shares of the company’s stock valued at $275,000 after purchasing an additional 160 shares in the last quarter. Finally, Acorn Wealth Advisors LLC grew its position in 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 in the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Insider Buying and Selling

In related news, Director Ellen R. Strahlman sold 2,000 shares of the business’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 value 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. The trade was a 7.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ennis Debra J. Kelly sold 5,790 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was 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 approximately $5,332,700.25. This trade represents a 7.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is currently owned by company insiders.

Altria Group Trading Down 0.2%

Shares of NYSE:MO opened at $72.81 on Thursday. The stock has a market capitalization of $121.58 billion, a PE ratio of 15.23, a P/E/G ratio of 2.73 and a beta of 0.45. Altria Group, Inc. has a 1 year low of $54.70 and a 1 year high of $74.56. The firm has a fifty day moving average price of $71.43 and a 200 day moving average price of $66.61.

Altria Group (NYSE:MO) last posted its earnings results on Thursday, April 30th. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $4.58 billion. During the same period last year, the company earned $1.23 earnings per share. The business’s revenue was up 5.3% compared to the same quarter last year. 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 earnings per share 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. Investors of record on Monday, June 15th will be paid a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend is Monday, June 15th. Altria Group’s dividend payout ratio (DPR) is presently 88.70%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MO. UBS Group upped their price objective on shares of Altria Group from $76.00 to $79.00 and gave the company a “buy” rating in a research note on Tuesday. 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 report on Friday, May 15th. Stifel Nicolaus increased their price objective on 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 Altria Group in a research report on Friday, May 1st. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $77.00 target price on shares of Altria Group in a research note on Thursday, April 30th. Five research 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 stock currently has a consensus rating of “Hold” and an average 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.