48,372 Shares in Altria Group, Inc. $MO Acquired by Allen Investment Management LLC

Key Points

• Allen Investment Management LLC opened a new position in Altria Group, buying 48,372 shares worth about $2.79 million in the fourth quarter. Other institutional investors also increased or initiated stakes, and institutions now own 57.41% of the stock.
• Altria recently beat earnings and revenue expectations, reporting $1.32 EPS on $4.76 billion in revenue for the quarter, with revenue up 5.3% year over year. The company also issued FY 2026 guidance of $5.56 to $5.72 EPS.
• The company declared a quarterly dividend of $1.06 per share, implying a 6.2% yield, while analysts currently rate the stock a consensus "Hold" with an average price target of $70.44.

Allen Investment Management LLC bought a new position in Altria Group, Inc. (NYSE:MO - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 48,372 shares of the company's stock, valued at approximately $2,789,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. AXQ Capital LP raised its holdings in shares of Altria Group by 200.5% during the fourth quarter. AXQ Capital LP now owns 14,295 shares of the company's stock valued at $824,000 after acquiring an additional 9,538 shares in the last quarter. Vantus Wealth LLC purchased a new position in shares of Altria Group during the fourth quarter valued at about $249,000. Root Financial Partners LLC raised its stake in Altria Group by 22.9% in the fourth quarter. Root Financial Partners LLC now owns 6,141 shares of the company's stock worth $354,000 after buying an additional 1,145 shares in the last quarter. Old Peak Finance LLC bought a new position in Altria Group in the fourth quarter worth about $678,000. Finally, Tandem Financial LLC lifted its holdings in Altria Group by 125.7% in the fourth quarter. Tandem Financial LLC now owns 12,884 shares of the company's stock worth $687,000 after buying an additional 7,175 shares during the period. 57.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. UBS Group raised their price objective on Altria Group from $74.00 to $76.00 and gave the company a "buy" rating in a research report on Friday, May 1st. The Goldman Sachs Group reiterated a "buy" rating and issued a $77.00 target price on shares of Altria Group in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft boosted their price target on Altria Group from $60.00 to $66.00 and gave the stock a "hold" rating in a research note on Monday, May 4th. Morgan Stanley set a $71.00 price objective on Altria Group in a research report on Friday, May 1st. Finally, Wall Street Zen cut shares of Altria Group from a "buy" rating to a "hold" rating in a report on Saturday, May 16th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $70.44.

Altria Group Price Performance

Shares of MO stock opened at $68.61 on Tuesday. Altria Group, Inc. has a one year low of $54.70 and a one year high of $74.56. The company has a market capitalization of $114.56 billion, a price-to-earnings ratio of 14.35, a PEG ratio of 2.60 and a beta of 0.46. The company's fifty day moving average price is $68.29 and its 200-day moving average price is $64.14.

Altria Group (NYSE:MO - Get Free Report) last released its earnings results on Thursday, April 30th. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.07. The firm had revenue of $4.76 billion during the quarter, compared to analysts' expectations of $4.58 billion. Altria Group had a negative return on equity of 298.69% and a net margin of 34.34%.The firm's revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the business posted $1.23 earnings per share. Altria Group has set its FY 2026 guidance at 5.560-5.72 EPS. Equities research analysts expect that Altria Group, Inc. will post 5.68 earnings per share 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. Shareholders of record on Monday, June 15th will be given a dividend of $1.06 per share. This represents a $4.24 annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend is Monday, June 15th. Altria Group's dividend payout ratio is presently 88.70%.

Insider Activity

In related news, Director Ennis Debra J. Kelly sold 5,790 shares of the business's stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $72.25, for a total transaction of $418,327.50. Following the transaction, the director directly owned 73,809 shares in the company, valued at $5,332,700.25. The trade was a 7.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ellen R. Strahlman sold 2,000 shares of the company's stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $72.56, for a total value of $145,120.00. Following the transaction, the director directly owned 25,102 shares in the company, valued at $1,821,401.12. This represents a 7.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 35,698 shares of company stock worth $2,449,191. Corporate insiders own 0.10% of the company's stock.

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.

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