Kingsview Wealth Management LLC Invests $7.04 Million in Altria Group, Inc. $MO

Kingsview Wealth Management LLC purchased a new stake in shares of Altria Group, Inc. (NYSE:MO) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 97,867 shares of the company’s stock, valued at approximately $7,042,000.

Several other large investors have also recently bought and sold shares of the business. Comprehensive Financial Planning Inc. PA purchased a new stake in Altria Group in the 2nd quarter worth about $26,000. Darwin Wealth Management LLC purchased a new position in Altria Group during the 2nd quarter valued at about $27,000. Navalign LLC purchased a new position in Altria Group during the 4th quarter valued at about $28,000. Hughes Financial Services LLC increased its holdings in shares of Altria Group by 62.9% in the 4th quarter. Hughes Financial Services LLC now owns 510 shares of the company’s stock valued at $29,000 after purchasing an additional 197 shares during the period. Finally, Miller Capital Partners Inc. acquired a new position in shares of Altria Group in the 4th quarter valued at about $29,000. 57.41% of the stock is owned by institutional investors and hedge funds.

Altria Group Price Performance

Shares of NYSE MO opened at $68.68 on Friday. Altria Group, Inc. has a one year low of $54.70 and a one year high of $77.06. The business’s 50-day moving average price is $70.10 and its two-hundred day moving average price is $68.95. The company has a market capitalization of $114.68 billion, a P/E ratio of 14.49, a price-to-earnings-growth ratio of 2.40 and a beta of 0.46.

Altria Group (NYSE:MO) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.02). The firm had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $5.35 billion. Altria Group had a negative return on equity of 315.29% and a net margin of 33.99%.The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last 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 EPS for the current year.

Altria Group Increases Dividend

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on MO shares. BTIG Research initiated coverage on shares of Altria Group in a research report on Tuesday, July 21st. They issued a “neutral” rating for the company. Citigroup boosted their price objective on shares of Altria Group from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Stifel Nicolaus upped their price objective on shares of Altria Group from $68.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft increased their target price on shares of Altria Group from $60.00 to $66.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. Finally, UBS Group lifted their target price on shares of Altria Group from $76.00 to $79.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. 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. According to MarketBeat, Altria Group currently has a consensus rating of “Hold” and a consensus price target of $70.11.

More 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

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.