Keudell Morrison Wealth Management Invests $1.75 Million in Altria Group, Inc. $MO

Keudell Morrison Wealth Management bought a new position in Altria Group, Inc. (NYSE:MO) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 30,321 shares of the company’s stock, valued at approximately $1,748,000.

Other institutional investors have also made changes to their positions in the company. Darwin Wealth Management LLC purchased a new position in shares of Altria Group in the second quarter worth approximately $27,000. Navalign LLC purchased a new position in Altria Group during the fourth quarter valued at approximately $28,000. EMC Capital Management purchased a new position in Altria Group during the third quarter valued at approximately $33,000. Creative Capital Management Investments LLC purchased a new position in Altria Group during the fourth quarter valued at approximately $29,000. Finally, Gould Capital LLC purchased a new position in Altria Group during the third quarter valued at approximately $39,000. 57.41% of the stock is owned by hedge funds and other institutional investors.

Altria Group Stock Up 0.4%

NYSE MO opened at $73.61 on Friday. The stock has a market capitalization of $122.91 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 2.74 and a beta of 0.48. The company has a 50 day moving average price of $67.56 and a two-hundred day moving average price of $63.43. Altria Group, Inc. has a 12-month low of $54.70 and a 12-month high of $74.56.

Altria Group (NYSE:MO) last posted 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 firm 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%. The company’s revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.23 earnings per share. Altria Group has set its FY 2026 guidance at 5.560-5.72 EPS. As a group, equities analysts anticipate that Altria Group, Inc. will post 5.68 EPS for the current year.

Altria Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 15th will be paid a $1.06 dividend. The ex-dividend date 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 88.70%.

Wall Street Analysts Forecast Growth

MO has been the topic of a number of research analyst reports. Morgan Stanley set a $71.00 price objective on shares of Altria Group in a research report on Friday, May 1st. Jefferies Financial Group boosted their price objective on shares of Altria Group from $47.00 to $50.00 and gave the company an “underperform” rating in a research report on Wednesday, March 4th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Altria Group from $60.00 to $66.00 and gave the company a “hold” rating in a research report on Monday, May 4th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $77.00 price objective on shares of Altria Group in a research report on Thursday, April 30th. Finally, UBS Group boosted their price objective on shares of Altria Group from $74.00 to $76.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $69.33.

Insider Transactions at Altria Group

In other Altria Group news, SVP Charles N. Whitaker sold 27,908 shares of Altria Group stock in a transaction that occurred on 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 directly owned 180,869 shares in the company, valued at $12,221,318.33. The trade was a 13.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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.