Fortis Group Advisors LLC Has $1.81 Million Stock Holdings in Altria Group, Inc. $MO

Fortis Group Advisors LLC cut its stake in shares of Altria Group, Inc. (NYSE:MO) by 30.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,251 shares of the company’s stock after selling 12,669 shares during the period. Fortis Group Advisors LLC’s holdings in Altria Group were worth $1,810,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Darwin Wealth Management LLC acquired a new stake in Altria Group in the second quarter valued at $27,000. Navalign LLC acquired a new stake in Altria Group in the fourth quarter valued at $28,000. Creative Capital Management Investments LLC acquired a new stake in Altria Group in the fourth quarter valued at $29,000. EMC Capital Management acquired a new stake in Altria Group in the third quarter valued at $33,000. Finally, Elevation Wealth Partners LLC lifted its stake in Altria Group by 79.0% in the fourth quarter. Elevation Wealth Partners LLC now owns 630 shares of the company’s stock valued at $36,000 after acquiring an additional 278 shares during the last quarter. 57.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MO. Stifel Nicolaus raised their price objective on Altria Group from $68.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft raised their price objective on Altria Group from $60.00 to $66.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Citigroup raised their price objective on Altria Group from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Jefferies Financial Group raised their price objective on Altria Group from $47.00 to $50.00 and gave the company an “underperform” rating in a research report on Wednesday, March 4th. Finally, Bank of America raised their price objective on Altria Group from $72.00 to $73.00 and gave the company a “buy” rating in a research report on Friday, April 10th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Altria Group has an average rating of “Hold” and a consensus target price of $69.33.

Altria Group Stock Performance

Shares of Altria Group stock opened at $73.37 on Thursday. The firm has a 50-day moving average of $67.43 and a 200-day moving average of $63.31. The stock has a market cap of $122.52 billion, a PE ratio of 15.35, a PEG ratio of 2.77 and a beta of 0.48. Altria Group, Inc. has a 52-week low of $54.70 and a 52-week high of $74.56.

Altria Group (NYSE:MO) last announced its earnings results 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 company had revenue of $4.76 billion during 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%. Altria Group’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.23 earnings per share. Altria Group has set its FY 2026 guidance at 5.560-5.72 EPS. Equities research analysts predict that Altria Group, Inc. will post 5.68 earnings per share for the current fiscal year.

Altria Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 15th will be issued a $1.06 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $4.24 dividend on an annualized basis and a yield of 5.8%. Altria Group’s payout ratio is currently 88.70%.

Insider Transactions at Altria Group

In other Altria Group news, SVP Charles N. Whitaker sold 27,908 shares of the business’s stock in a transaction dated Thursday, March 5th. The shares were 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 of the company’s stock, valued at $12,221,318.33. The trade was a 13.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.10% of the stock is owned by corporate insiders.

Altria Group 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.