Altria Group, Inc. $MO Stock Holdings Raised by Venture Visionary Partners LLC

Venture Visionary Partners LLC grew its position in shares of Altria Group, Inc. (NYSE:MO) by 6.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 123,638 shares of the company’s stock after purchasing an additional 7,520 shares during the period. Venture Visionary Partners LLC’s holdings in Altria Group were worth $8,326,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Illinois Municipal Retirement Fund raised its holdings in Altria Group by 7.1% in the fourth quarter. Illinois Municipal Retirement Fund now owns 668,243 shares of the company’s stock valued at $38,531,000 after acquiring an additional 44,267 shares in the last quarter. Procyon Advisors LLC lifted its holdings in Altria Group by 59.3% in the first quarter. Procyon Advisors LLC now owns 38,926 shares of the company’s stock worth $2,569,000 after acquiring an additional 14,490 shares during the last quarter. Stephens Inc. AR boosted its position in Altria Group by 8.6% during the 1st quarter. Stephens Inc. AR now owns 266,504 shares of the company’s stock valued at $17,696,000 after purchasing an additional 21,124 shares during the period. Callan Family Office LLC acquired a new position in shares of Altria Group during the second quarter valued at $2,911,000. Finally, Panagora Asset Management Inc. boosted its stake in Altria Group by 4,053.7% during the 4th quarter. Panagora Asset Management Inc. now owns 1,681,875 shares of the company’s stock valued at $96,977,000 after purchasing an additional 1,641,384 shares during the period. Institutional investors and hedge funds own 57.41% of the company’s stock.

Analyst Ratings Changes

MO has been the subject of a number of analyst reports. Wall Street Zen lowered Altria Group from a “buy” rating to a “hold” rating in a research report on Sunday, June 21st. Freedom Broker upgraded shares of Altria Group to a “hold” rating in a report on Wednesday, September 16th. Barclays dropped their price target on Altria Group from $64.00 to $58.00 and set an “underweight” rating on the stock in a research note on Tuesday, August 11th. UBS Group boosted 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. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Altria Group in a report on Tuesday, July 14th. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $70.11.

Altria Group Price Performance

Shares of MO stock traded up $0.79 during trading on Wednesday, reaching $69.34. The company had a trading volume of 6,957,811 shares, compared to its average volume of 9,135,973. Altria Group, Inc. has a one year low of $54.70 and a one year high of $77.06. The company has a market capitalization of $115.79 billion, a PE ratio of 14.63, a PEG ratio of 2.41 and a beta of 0.42. The firm’s 50 day simple moving average is $68.01 and its two-hundred day simple moving average is $69.27.

Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.50 by ($0.02). The firm had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $5.35 billion. Altria Group had a negative return on equity of 315.29% and a net margin of 33.99%.Altria Group’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.44 earnings per share. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. Analysts forecast that Altria Group, Inc. will post 5.67 earnings per share for the current year.

Altria Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Tuesday, September 15th will be paid a $1.11 dividend. The ex-dividend date is Tuesday, September 15th. This is a positive change from Altria Group’s previous quarterly dividend of $1.06. This represents a $4.44 annualized dividend and a dividend yield of 6.4%. Altria Group’s dividend payout ratio is 93.67%.

Insider Transactions at Altria Group

In other news, Director Kathryn McQuade bought 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 9th. The shares were acquired at an average cost of $67.62 per share, with a total value of $101,430.00. Following the completion of the transaction, the director directly owned 114,929 shares in the company, valued at $7,771,498.98. This represents a 1.32% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is owned by corporate insiders.

Altria Group Company Profile

Altria Group, Inc is a U.S.-based holding company focused primarily on tobacco and nicotine products. Through its operating companies, Altria manufactures and markets cigarettes, cigars, smokeless tobacco, oral nicotine products and electronic cigarettes. Its portfolio includes well-known brands such as Marlboro cigarettes, Copenhagen and Skoal smokeless tobacco, Black & Mild cigars, NJOY e-cigarettes and on! nicotine pouches.

Altria’s principal businesses include Philip Morris USA, the largest U.S.