Altria Group, Inc. $MO Position Increased by Charles Schwab Trust Co

Key Points

• Charles Schwab Trust Co increased its Altria holdings by 444% in the second quarter, buying 27,000 additional shares for a total position worth approximately $2.38 million. Institutional investors collectively own 57.41% of the company.
• Altria reported quarterly EPS of $1.48, slightly below the $1.50 consensus estimate, while revenue of $5.36 billion edged above forecasts and rose 1.2% year over year. The company maintained fiscal 2026 EPS guidance of $5.61–$5.72.
• Altria’s $1.06 quarterly dividend equates to an annualized $4.24 payout and a 6.5% yield. Analysts have an overall “Hold” rating with a consensus price target of $70.78, while two directors recently sold shares.

Charles Schwab Trust Co boosted its holdings in Altria Group, Inc. (NYSE:MO - Free Report) by 444.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 33,081 shares of the company's stock after buying an additional 27,000 shares during the quarter. Charles Schwab Trust Co's holdings in Altria Group were worth $2,380,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Darwin Wealth Management LLC purchased a new position in Altria Group in the 2nd quarter worth about $27,000. Navalign LLC acquired a new position in shares of Altria Group in the fourth quarter worth about $28,000. Creative Capital Management Investments LLC acquired a new position in shares of Altria Group in the fourth quarter worth about $29,000. Hughes Financial Services LLC increased its position in shares of Altria Group by 62.9% in the fourth quarter. Hughes Financial Services LLC now owns 510 shares of the company's stock worth $29,000 after acquiring an additional 197 shares in the last quarter. Finally, Miller Capital Partners Inc. acquired a new stake in shares of Altria Group during the fourth quarter valued at approximately $29,000. Institutional investors own 57.41% of the company's stock.

Insider Transactions at Altria Group

In other news, Director Ennis Debra J. Kelly sold 5,790 shares of the stock in a transaction dated 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 owned 73,809 shares of the company's stock, valued at approximately $5,332,700.25. This represents a 7.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ellen R. Strahlman sold 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $72.56, for a total value of $145,120.00. Following the completion of the transaction, the director directly owned 25,102 shares in the company, valued at $1,821,401.12. The trade was a 7.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is owned by insiders.

Altria Group Stock Down 4.3%

Shares of MO opened at $65.42 on Tuesday. The firm has a market cap of $109.23 billion, a price-to-earnings ratio of 13.80, a price-to-earnings-growth ratio of 2.42 and a beta of 0.46. The company's fifty day moving average is $71.27 and its 200-day moving average is $68.64. 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 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 business had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.35 billion. Altria Group had a net margin of 33.99% and a negative return on equity of 315.29%. The firm's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.44 EPS. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. As a group, research analysts predict that Altria Group, Inc. will post 5.68 earnings per share for the current fiscal year.

Altria Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 15th were given a $1.06 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 6.5%. Altria Group's payout ratio is currently 89.45%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MO. BTIG Research started coverage on shares of Altria Group in a research note on Tuesday, July 21st. They issued a "neutral" rating for the company. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $77.00 target price on shares of Altria Group in a research report on Thursday, April 30th. Stifel Nicolaus upped their price target on Altria Group from $68.00 to $77.00 and gave the company a "buy" rating in a research report on Friday, May 1st. Weiss Ratings reissued a "buy (b)" rating on shares of Altria Group in a research note on Tuesday, July 14th. Finally, Wall Street Zen cut Altria Group from a "buy" rating to a "hold" rating in a research note on Sunday, June 21st. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $70.78.

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.

Want to see what other hedge funds are holding MO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Altria Group, Inc. (NYSE:MO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source