Mosaic Family Wealth Partners LLC Increases Stake in Altria Group, Inc. $MO

Mosaic Family Wealth Partners LLC raised its stake in Altria Group, Inc. (NYSE:MO) by 214.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 14,712 shares of the company’s stock after purchasing an additional 10,032 shares during the quarter. Mosaic Family Wealth Partners LLC’s holdings in Altria Group were worth $971,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Darwin Wealth Management LLC purchased a new position in shares of Altria Group in the second quarter worth $27,000. Navalign LLC bought a new stake in Altria Group during the 4th quarter valued at $28,000. Creative Capital Management Investments LLC purchased a new stake in Altria Group during the 4th quarter valued at $29,000. Hughes Financial Services LLC boosted its position in Altria Group by 62.9% during the 4th quarter. Hughes Financial Services LLC now owns 510 shares of the company’s stock valued at $29,000 after buying an additional 197 shares during the period. Finally, Miller Capital Partners Inc. bought a new stake in Altria Group in the 4th quarter worth $29,000. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Altria Group Price Performance

Shares of MO opened at $71.45 on Friday. Altria Group, Inc. has a one year low of $54.70 and a one year high of $74.56. The company has a 50-day simple moving average of $71.50 and a two-hundred day simple moving average of $66.71. The firm has a market capitalization of $119.32 billion, a PE ratio of 14.95, a price-to-earnings-growth ratio of 2.72 and a beta of 0.45.

Altria Group (NYSE:MO) last posted 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. Altria Group had a negative return on equity of 298.69% and a net margin of 34.34%.The firm had revenue of $4.76 billion for the quarter, compared to the consensus estimate of $4.58 billion. During the same quarter in the prior year, the business earned $1.23 EPS. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. Altria Group has set its FY 2026 guidance at 5.560-5.72 EPS. Analysts expect that Altria Group, Inc. will post 5.7 EPS for the current fiscal year.

Altria Group Dividend Announcement

The company also recently declared 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 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Monday, June 15th. Altria Group’s dividend payout ratio is presently 88.70%.

Insiders Place Their Bets

In other news, Director Ennis Debra J. Kelly sold 5,790 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $72.25, for a total value of $418,327.50. Following the sale, the director directly 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 Securities & Exchange Commission, which is available through the SEC website. Also, Director Ellen R. Strahlman sold 2,000 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $72.56, for a total transaction of $145,120.00. Following the completion of the transaction, the director owned 25,102 shares of the company’s stock, valued at approximately $1,821,401.12. The trade was a 7.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Bank of America boosted their price objective on shares of Altria Group from $72.00 to $73.00 and gave the company a “buy” rating in a research report on Friday, April 10th. Wall Street Zen cut Altria Group from a “buy” rating to a “hold” rating in a research note on Sunday, June 21st. Barclays boosted their price target on Altria Group from $63.00 to $64.00 and gave the company an “underweight” rating in a report on Friday, May 15th. Morgan Stanley set a $71.00 price target on Altria Group in a research report on Friday, May 1st. Finally, UBS Group increased their price objective on Altria Group from $76.00 to $79.00 and gave the stock a “buy” rating in a report on Tuesday. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $70.78.

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.