Altria Group, Inc. $MO Stock Purchased by SteelPeak Wealth LLC

SteelPeak Wealth LLC boosted its holdings in shares of Altria Group, Inc. (NYSE:MO) by 116.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 87,984 shares of the company’s stock after purchasing an additional 47,383 shares during the period. SteelPeak Wealth LLC’s holdings in Altria Group were worth $6,006,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. GQG Partners LLC purchased a new stake in Altria Group in the second quarter valued at $1,806,782,000. Bank of America Corp DE purchased a new position in shares of Altria Group during the 2nd quarter valued at about $1,104,566,000. Legal & General Group Plc purchased a new position in shares of Altria Group during the 2nd quarter valued at about $631,606,000. Canada Pension Plan Investment Board purchased a new position in shares of Altria Group during the 2nd quarter valued at about $349,743,000. Finally, Assenagon Asset Management S.A. raised its stake in shares of Altria Group by 3,691.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 3,606,561 shares of the company’s stock valued at $259,492,000 after buying an additional 3,511,430 shares during the last quarter. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Altria Group Price Performance

NYSE:MO opened at $75.13 on Friday. The company has a 50 day moving average price of $68.63 and a 200-day moving average price of $69.62. Altria Group, Inc. has a 1-year low of $54.70 and a 1-year high of $77.06. The firm has a market cap of $125.44 billion, a price-to-earnings ratio of 15.85, a price-to-earnings-growth ratio of 2.67 and a beta of 0.42.

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

Altria Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Tuesday, September 15th were issued a $1.11 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This is a positive change from Altria Group’s previous quarterly dividend of $1.06. This represents a $4.44 dividend on an annualized basis and a yield of 5.9%. Altria Group’s dividend payout ratio is presently 93.67%.

Insider Buying and Selling at Altria Group

In other news, Director Kathryn McQuade acquired 1,500 shares of the firm’s stock in a transaction on Wednesday, September 9th. The stock was acquired at an average price of $67.62 per share, for a total transaction of $101,430.00. Following the completion of the transaction, the director owned 114,929 shares in the company, valued at approximately $7,771,498.98. The trade was a 1.32% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.10% of the company’s stock.

More Altria Group News

Here are the key news stories impacting Altria Group this week:

• Positive Sentiment: UBS maintained a $79 price target for Altria, implying additional potential upside from recent levels and signaling continued confidence in the tobacco company’s outlook. UBS reiterates USD 79.00 target for Altria Group stock
• Positive Sentiment: Several investor-focused reports highlighted Altria’s appeal as an income stock. Its cigarette and nicotine-pouch businesses generate cash to support the dividend, which contributed meaningfully to shareholder returns over the past year. Other coverage described MO as potentially undervalued based on cash flow and attractive for retirement-income portfolios, despite the stock’s longer-term lag versus the S&P 500. Do Altria’s Dividends Make Up For A Lagging Stock?
• Positive Sentiment: Altria was included among high-yield consumer-staples and dividend stocks viewed as capable of generating reliable income, helping reinforce demand from yield-oriented investors. Generate $50,000 in Passive Income With the 5 Highest Yielding S&P 500 Stocks
• Neutral Sentiment: Bernstein retained a Hold rating, indicating neither a clear bullish nor bearish change in its view. Bernstein Keeps Their Hold Rating on Altria
• Neutral Sentiment: Altria will host a webcast covering its 2026 third-quarter and nine-month results. The event could become the next significant catalyst, particularly for updates on cigarette volumes, smoke-free products, earnings guidance and dividend capacity. Altria to Host Webcast of 2026 Third-Quarter and Nine-Months Results
• Negative Sentiment: Exchange-traded funds were reported as net sellers of MO, creating near-term technical pressure. Separately, MarketWatch noted that Altria’s gain lagged those of competitors, limiting its relative strength. ETFs Are Net Sellers of Altria

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Freedom Broker raised Altria Group to a “hold” rating in a report on Wednesday, September 16th. Barclays dropped their target price on Altria Group from $64.00 to $58.00 and set an “underweight” rating on the stock in a report on Tuesday, August 11th. Wall Street Zen lowered Altria Group from a “buy” rating to a “hold” rating in a report on Sunday, June 21st. BTIG Research assumed coverage on Altria Group in a research report on Tuesday, July 21st. They set a “neutral” rating for the company. Finally, UBS Group lifted their price target on Altria Group from $76.00 to $79.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $70.11.

Altria Group Profile

Altria Group, Inc is a U.S.-based consumer products company focused primarily on tobacco, nicotine and related products. Through its operating companies, Altria sells cigarettes, cigars, pipe tobacco, oral tobacco and nicotine products, and electronic vapor products.

Altria’s principal cigarette business is Philip Morris USA, whose portfolio includes Marlboro, Parliament and Virginia Slims. Its other major brands include Copenhagen and Skoal moist smokeless tobacco, Black & Mild cigars, on! nicotine pouches and NJOY electronic cigarettes.