Lowe Brockenbrough & Co. Inc. Buys 24,670 Shares of Altria Group, Inc. $MO

Key Points

• Lowe Brockenbrough & Co. Inc. increased its Altria Group stake by 47.4% in the fourth quarter, buying 24,670 additional shares and bringing its total holding to 76,725 shares worth about $4.42 million.
• Altria reported strong quarterly results, with earnings of $1.32 per share versus $1.25 expected and revenue of $4.76 billion, while also raising FY 2026 guidance to 5.56-5.72 EPS.
• The company declared a quarterly dividend of $1.06 per share, implying an annualized payout of $4.24 and a dividend yield of 5.9%; meanwhile, analysts currently have a consensus Hold rating with an average price target of $70.44.

Lowe Brockenbrough & Co. Inc. grew its holdings in shares of Altria Group, Inc. (NYSE:MO - Free Report) by 47.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,725 shares of the company's stock after buying an additional 24,670 shares during the period. Lowe Brockenbrough & Co. Inc.'s holdings in Altria Group were worth $4,424,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of MO. Brighton Jones LLC boosted its holdings in shares of Altria Group by 64.7% during the 4th quarter. Brighton Jones LLC now owns 17,702 shares of the company's stock valued at $926,000 after buying an additional 6,954 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of Altria Group by 86.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 6,361 shares of the company's stock valued at $373,000 after buying an additional 2,946 shares in the last quarter. Schnieders Capital Management LLC. boosted its holdings in shares of Altria Group by 6.9% during the 2nd quarter. Schnieders Capital Management LLC. now owns 9,630 shares of the company's stock valued at $565,000 after buying an additional 618 shares in the last quarter. Gamco Investors INC. ET AL bought a new stake in shares of Altria Group during the 2nd quarter valued at $346,000. Finally, AXA S.A. bought a new stake in shares of Altria Group during the 2nd quarter valued at $5,752,000. Institutional investors own 57.41% of the company's stock.

Altria Group Stock Performance

MO opened at $72.32 on Friday. Altria Group, Inc. has a 52-week low of $54.70 and a 52-week high of $74.56. The stock has a market capitalization of $120.77 billion, a P/E ratio of 15.13, a P/E/G ratio of 2.64 and a beta of 0.46. The company's 50-day simple moving average is $68.80 and its two-hundred day simple moving average is $64.45.

Altria Group (NYSE:MO - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.25 by $0.07. Altria Group had a net margin of 34.34% and a negative return on equity of 298.69%. The firm had revenue of $4.76 billion during the quarter, compared to analyst estimates of $4.58 billion. During the same quarter in the prior year, the firm earned $1.23 EPS. The business's revenue for the quarter was up 5.3% compared to the same quarter last year. Altria Group has set its FY 2026 guidance at 5.560-5.72 EPS. Research analysts forecast that Altria Group, Inc. will post 5.68 EPS for the current fiscal year.

Altria Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 15th will be given a dividend of $1.06 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $4.24 annualized dividend and a dividend yield of 5.9%. Altria Group's dividend payout ratio is presently 88.70%.

Insider Activity

In other news, Director Ennis Debra J. Kelly sold 5,790 shares of the company's stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $72.25, for a total transaction of $418,327.50. Following the completion of the sale, the director owned 73,809 shares of the company's stock, valued at $5,332,700.25. This represents a 7.27% decrease in their position. The transaction was disclosed in a document filed 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 transaction of $145,120.00. Following the sale, the director directly owned 25,102 shares of the company's stock, valued at $1,821,401.12. The trade was a 7.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Barclays boosted their target price on shares of Altria Group from $63.00 to $64.00 and gave the company an "underweight" rating in a report on Friday, May 15th. Wall Street Zen cut shares of Altria Group from a "buy" rating to a "hold" rating in a report on Saturday, May 16th. UBS Group boosted their target price on shares of Altria Group from $74.00 to $76.00 and gave the company a "buy" rating in a report on Friday, May 1st. Jefferies Financial Group lifted their price target on Altria Group from $50.00 to $60.00 and gave the stock an "underperform" rating in a research report on Wednesday, May 27th. Finally, Bank of America lifted their price target on Altria Group from $72.00 to $73.00 and gave the stock a "buy" rating in a research report on Friday, April 10th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $70.44.

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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