Altria Group, Inc. $MO Shares Purchased by Diversify Wealth Management LLC

Key Points

• Diversify Wealth Management LLC dramatically increased its Altria stake by 1,427.1% in the first quarter, ending with 91,168 shares valued at about $6.2 million.
• Altria reported strong quarterly results, with EPS of $1.32 beating estimates and revenue of $4.76 billion topping expectations; the company also raised its FY2026 EPS guidance to 5.560-5.72.
• The company continues to offer a high dividend yield, paying $1.06 per share quarterly for an annualized dividend of $4.24, or about 5.9%, while analysts currently have a consensus rating of Hold.

Diversify Wealth Management LLC raised its stake in Altria Group, Inc. (NYSE:MO - Free Report) by 1,427.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 91,168 shares of the company's stock after buying an additional 85,198 shares during the period. Diversify Wealth Management LLC's holdings in Altria Group were worth $6,218,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Altria Group by 10.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 65,516,916 shares of the company's stock worth $3,777,931,000 after acquiring an additional 6,265,780 shares during the last quarter. Marshall Wace LLP raised its position in shares of Altria Group by 286.7% during the third quarter. Marshall Wace LLP now owns 4,479,699 shares of the company's stock worth $295,929,000 after purchasing an additional 3,321,262 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Altria Group by 19.4% during the third quarter. Ameriprise Financial Inc. now owns 19,567,823 shares of the company's stock valued at $1,285,575,000 after purchasing an additional 3,172,753 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Altria Group by 438.6% during the fourth quarter. SG Americas Securities LLC now owns 3,637,678 shares of the company's stock valued at $209,749,000 after purchasing an additional 2,962,270 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Altria Group by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 160,980,626 shares of the company's stock valued at $9,282,143,000 after purchasing an additional 1,903,530 shares during the period. Institutional investors and hedge funds own 57.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on MO shares. Morgan Stanley set a $71.00 price target on Altria Group in a research note on Friday, May 1st. Jefferies Financial Group upped their price objective on shares of Altria Group from $50.00 to $60.00 and gave the company an "underperform" rating in a research note on Wednesday, May 27th. The Goldman Sachs Group reiterated a "buy" rating and issued a $77.00 target price on shares of Altria Group in a report on Thursday, April 30th. Bank of America boosted their price target on shares of Altria Group from $72.00 to $73.00 and gave the company a "buy" rating in a report on Friday, April 10th. Finally, Barclays upped their price target on shares of Altria Group from $63.00 to $64.00 and gave the company an "underweight" rating in a research report on Friday, May 15th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Altria Group presently has a consensus rating of "Hold" and a consensus target price of $70.78.

Altria Group Stock Down 0.0%

Altria Group stock opened at $71.78 on Monday. Altria Group, Inc. has a 12 month low of $54.70 and a 12 month high of $74.56. The stock has a market cap of $119.86 billion, a P/E ratio of 15.02, a P/E/G ratio of 2.68 and a beta of 0.45. The company's fifty day simple moving average is $71.58 and its 200-day simple moving average is $66.80.

Altria Group (NYSE:MO - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $4.76 billion during the quarter, compared to analyst estimates of $4.58 billion. Altria Group had a negative return on equity of 298.69% and a net margin of 34.34%.Altria Group's quarterly revenue was up 5.3% compared to the same quarter last year. During the same period last year, the company earned $1.23 earnings per share. Altria Group has set its FY 2026 guidance at 5.560-5.72 EPS. On average, equities research analysts expect that Altria Group, Inc. will post 5.7 earnings per share for the current fiscal year.

Altria Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 15th were paid a dividend of $1.06 per share. 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 5.9%. Altria Group's dividend payout ratio (DPR) is 88.70%.

Insider Transactions at Altria Group

In other news, Director Ennis Debra J. Kelly sold 5,790 shares of the business's stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $72.25, for a total value of $418,327.50. Following the completion of the sale, the director directly owned 73,809 shares in the company, valued at approximately $5,332,700.25. The trade was a 7.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ellen R. Strahlman sold 2,000 shares of the company's stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $72.56, for a total transaction of $145,120.00. Following the sale, the director directly owned 25,102 shares of the company's stock, valued at approximately $1,821,401.12. This represents a 7.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is owned by company insiders.

Altria Group Company 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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