82,092 Shares in Altria Group, Inc. $MO Bought by Glenview Trust Co

Key Points

• Glenview Trust Co. purchased 82,092 Altria shares during the second quarter, valued at approximately $5.9 million. Institutional investors collectively own 57.41% of the company.
• Analysts maintain a consensus “Hold” rating on Altria, with an average price target of $70.11; individual ratings range from “Buy” to “Sell.”
• Altria raised its quarterly dividend to $1.11 per share, or $4.44 annually, representing a 6.6% yield. The company’s latest quarterly revenue rose 1.2% year over year, while earnings slightly missed estimates.

Glenview Trust Co purchased a new stake in Altria Group, Inc. (NYSE:MO - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 82,092 shares of the company's stock, valued at approximately $5,907,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Illinois Municipal Retirement Fund boosted its position in Altria Group by 7.1% during the 4th 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 grew its holdings in shares of Altria Group by 59.3% during the 1st 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 period. Rayburn West Financial Services LLC bought a new position in shares of Altria Group in the 4th quarter worth approximately $2,438,000. North Dakota State Investment Board bought a new position in shares of Altria Group in the 4th quarter worth approximately $3,336,000. Finally, International Assets Investment Management LLC lifted its stake in shares of Altria Group by 206.7% in the 4th quarter. International Assets Investment Management LLC now owns 75,573 shares of the company's stock valued at $4,358,000 after purchasing an additional 50,931 shares during the period. 57.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MO has been the topic of several research reports. Deutsche Bank Aktiengesellschaft lifted their price target on Altria Group from $60.00 to $66.00 and gave the company a "hold" rating in a research report on Monday, May 4th. Morgan Stanley set a $71.00 target price on shares of Altria Group in a report on Friday, May 1st. Barclays reduced their target price on shares of Altria Group from $64.00 to $58.00 and set an "underweight" rating on the stock in a research report on Tuesday, August 11th. Citigroup increased their price target on shares of Altria Group from $65.00 to $70.00 and gave the stock a "neutral" rating in a research note on Friday, May 1st. Finally, UBS Group boosted their price objective on shares of Altria Group from $76.00 to $79.00 and gave the stock a "buy" rating in a research note on Tuesday, July 7th. Five 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $70.11.

Altria Group Trading Down 2.1%

Shares of NYSE:MO opened at $67.66 on Friday. The stock has a fifty day simple moving average of $70.11 and a two-hundred day simple moving average of $68.95. The stock has a market capitalization of $112.97 billion, a price-to-earnings ratio of 14.27, a PEG ratio of 2.45 and a beta of 0.46. Altria Group, Inc. has a 12-month low of $54.70 and a 12-month high of $77.06.

Altria Group (NYSE:MO - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $1.48 EPS for the quarter, missing the consensus estimate 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 company had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $5.35 billion. During the same period last year, the firm posted $1.44 earnings per share. The company's revenue was up 1.2% compared to the same quarter last year. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. As a group, equities research analysts predict that Altria Group, Inc. will post 5.67 EPS for the current year.

Altria Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Tuesday, September 15th will be paid a $1.11 dividend. This represents a $4.44 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date is Tuesday, September 15th. This is a positive change from Altria Group's previous quarterly dividend of $1.06. Altria Group's dividend payout ratio (DPR) is presently 89.45%.

Altria Group 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.

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