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

Key Points

• SteelPeak Wealth more than doubled its Altria stake in the third quarter, increasing holdings by 116.7% to 87,984 shares valued at approximately $6.0 million. Institutional investors collectively own 57.41% of Altria.
• Altria reported quarterly revenue of $5.36 billion, up 1.2% year over year, but earnings per share of $1.48 fell short of analyst expectations. The stock recently traded at $75.13, near its 52-week high of $77.06.
• Altria raised its quarterly dividend to $1.11 per share, equivalent to a 5.9% annualized yield, though its payout ratio is high at 93.67%. Analysts maintain a consensus Hold rating with a $70.11 target price, below the recent share price.

SteelPeak Wealth LLC grew its holdings in Altria Group, Inc. (NYSE:MO - Free Report) by 116.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 87,984 shares of the company's stock after acquiring an additional 47,383 shares during the quarter. SteelPeak Wealth LLC's holdings in Altria Group were worth $6,006,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MO. IFP Advisors Inc increased its holdings in shares of Altria Group by 408.0% during the third quarter. IFP Advisors Inc now owns 248,166 shares of the company's stock valued at $16,711,000 after acquiring an additional 199,318 shares in the last quarter. Founders Grove Wealth Partners LLC raised its position in shares of Altria Group by 3.6% in the 3rd quarter. Founders Grove Wealth Partners LLC now owns 6,834 shares of the company's stock valued at $460,000 after purchasing an additional 238 shares during the last quarter. Burns Matteson Capital Management LLC purchased a new position in shares of Altria Group in the 3rd quarter valued at approximately $612,000. CRA Financial Services LLC boosted its stake in Altria Group by 3.2% in the 3rd quarter. CRA Financial Services LLC now owns 9,882 shares of the company's stock worth $665,000 after purchasing an additional 307 shares in the last quarter. Finally, Finer Wealth Management Inc. boosted its stake in Altria Group by 19.4% in the 3rd quarter. Finer Wealth Management Inc. now owns 35,073 shares of the company's stock worth $2,362,000 after purchasing an additional 5,705 shares in the last quarter. Hedge funds and other institutional investors own 57.41% of the company's stock.

Altria Group Stock Performance

Altria Group stock opened at $75.13 on Friday. The business's 50-day simple moving average is $68.63 and its two-hundred day simple moving average is $69.62. The company has a market cap of $125.44 billion, a PE ratio of 15.85, a PEG ratio of 2.67 and a beta of 0.42. Altria Group, Inc. has a fifty-two week low of $54.70 and a fifty-two week high of $77.06.

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

Altria Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Tuesday, September 15th were given a $1.11 dividend. This is an increase 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%. The ex-dividend date was Tuesday, September 15th. Altria Group's payout ratio is currently 93.67%.

Insider Buying and Selling

In other news, Director Kathryn McQuade bought 1,500 shares of the company's stock in a transaction that occurred on Wednesday, September 9th. The shares were purchased 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 directly owned 114,929 shares in the company, valued at approximately $7,771,498.98. This represents a 1.32% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Key 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

Analyst Upgrades and Downgrades

Several analysts have weighed in on MO shares. Wall Street Zen downgraded shares of Altria Group from a "buy" rating to a "hold" rating in a research report on Sunday, June 21st. Weiss Ratings restated a "buy (b)" rating on shares of Altria Group in a research note on Monday, October 12th. Freedom Broker raised shares of Altria Group to a "hold" rating in a report on Wednesday, September 16th. Barclays decreased their price target on shares of Altria Group from $64.00 to $58.00 and set an "underweight" rating for the company in a report on Tuesday, August 11th. Finally, UBS Group lifted 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, five have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price 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.

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