M&T Bank Corp Has $28.24 Million Stock Position in Altria Group, Inc. $MO

Key Points

• M&T Bank trimmed its stake in Altria by 5.3%, selling 27,505 shares and leaving it with 489,781 shares valued at $28.24 million at quarter-end.
• Altria beat Q1 expectations with EPS of $1.32 vs. $1.25 and revenue of $4.76 billion (+5.3% YoY), and the company reaffirmed FY2026 guidance of 5.56–5.72 EPS, fueling recent share strength.
• Altria pays a quarterly dividend of $1.06 (annualized $4.24, ~5.8% yield) amid mixed signals: an insider sold 27,908 shares, institutional ownership is ~57.4%, and analysts carry a consensus "Hold" with an average target of $69.22.

M&T Bank Corp reduced its position in shares of Altria Group, Inc. (NYSE:MO - Free Report) by 5.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 489,781 shares of the company's stock after selling 27,505 shares during the period. M&T Bank Corp's holdings in Altria Group were worth $28,241,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in 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 purchasing an additional 6,954 shares in the last quarter. Sivia Capital Partners LLC raised its position in Altria Group by 86.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 6,361 shares of the company's stock valued at $373,000 after purchasing an additional 2,946 shares during the last quarter. Schnieders Capital Management LLC. boosted its stake in Altria Group by 6.9% in the second quarter. Schnieders Capital Management LLC. now owns 9,630 shares of the company's stock worth $565,000 after purchasing an additional 618 shares in the last quarter. Gamco Investors INC. ET AL bought a new stake in shares of Altria Group during the second quarter worth $346,000. Finally, AXA S.A. bought a new stake in shares of Altria Group during the second quarter worth $5,752,000. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Altria Group Price Performance

MO opened at $73.53 on Tuesday. The firm has a 50 day simple moving average of $66.70 and a 200 day simple moving average of $62.65. Altria Group, Inc. has a fifty-two week low of $54.70 and a fifty-two week high of $74.56. The company has a market cap of $122.79 billion, a price-to-earnings ratio of 15.38, a price-to-earnings-growth ratio of 2.96 and a beta of 0.48.

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, beating analysts' consensus estimates of $1.25 by $0.07. The firm had revenue of $4.76 billion for the quarter, compared to analysts' expectations of $4.58 billion. Altria Group had a net margin of 34.34% and a negative return on equity of 298.69%. The business's revenue for the quarter was up 5.3% on a year-over-year basis. During the same period last year, the firm earned $1.23 earnings per share. Altria Group has set its FY 2026 guidance at 5.560-5.72 EPS. As a group, analysts expect that Altria Group, Inc. will post 5.66 EPS for the current year.

Altria Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Wednesday, March 25th were paid a dividend of $1.06 per share. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 5.8%. Altria Group's payout ratio is 88.70%.

Analyst Upgrades and Downgrades

MO has been the subject of a number of research analyst reports. Morgan Stanley set a $71.00 price target on Altria Group in a report on Friday. The Goldman Sachs Group reissued a "buy" rating and set a $77.00 price objective on shares of Altria Group in a report on Thursday. Stifel Nicolaus raised their price objective on shares of Altria Group from $68.00 to $77.00 and gave the company a "buy" rating in a research report on Friday. Barclays upped their target price on shares of Altria Group from $57.00 to $63.00 and gave the stock an "underweight" rating in a research report on Monday, February 23rd. Finally, Wall Street Zen raised shares of Altria Group from a "hold" rating to a "buy" rating in a research note on Saturday. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $69.22.

More Altria Group News

Here are the key news stories impacting Altria Group this week:

• Positive Sentiment: Q1 results beat and guidance reaffirmed: Altria reported revenue up 5.3% and non-GAAP EPS of $1.32 (above consensus), and reiterated FY2026 guidance (5.56–5.72 EPS), which is the core driver of the recent rally. MO Q1 Deep Dive: Smokeable Volume Moderation and Oral Nicotine Innovation Drive Performance
• Positive Sentiment: Broker support after investor meetings: Stifel and Jefferies reaffirmed bullish views (citing pricing strength and growth strategy), lending credibility to management’s execution story. Stifel, Jefferies Back Altria (MO) on Pricing Strength and Growth Strategy
• Positive Sentiment: Pricing-led earnings momentum: Coverage highlights that price increases are sustaining earnings growth and total-return performance, supporting the longer-term income case for investors. Why Shares of Altria Group Soared in April
• Positive Sentiment: Momentum/quality pick thesis: Zacks emphasizes MO as a long-term momentum stock based on style scores, which may attract momentum-focused flows. Why Altria (MO) is a Top Momentum Stock for the Long-Term
• Neutral Sentiment: Analysts generally upbeat but stock has lagged the S&P: Coverage notes analyst optimism despite a year of underperformance, suggesting sentiment is improving but not unanimous. Are Wall Street Analysts Bullish on Altria Stock?
• Negative Sentiment: Valuation and downside in some price targets: Deutsche Bank raised its target to $66 but kept a Hold rating — implying downside relative to recent levels and signaling mixed analyst conviction. Deutsche Bank Adjusts Altria Group Price Target to $66 from $60; Maintains Hold Rating
• Negative Sentiment: Caution on upside: Some analysts and commentary (24/7 Wall St.) warn that after a sharp rebound the stock may have limited upside from here, which can pressure short-term buyers. Strong Q1 Earnings Lift Altria Stock but Limited Upside Ahead

Insider Buying and Selling

In related news, SVP Charles N. Whitaker sold 27,908 shares of the company's stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $67.57, for a total value of $1,885,743.56. Following the completion of the sale, the senior vice president owned 180,869 shares in the company, valued at approximately $12,221,318.33. This represents a 13.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.10% of the company's stock.

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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