SteelPeak Wealth LLC Decreases Holdings in Altria Group, Inc. $MO

SteelPeak Wealth LLC reduced its stake in Altria Group, Inc. (NYSE:MO) by 17.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,919 shares of the company’s stock after selling 9,154 shares during the period. SteelPeak Wealth LLC’s holdings in Altria Group were worth $2,807,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC purchased a new stake in shares of Altria Group in the second quarter worth about $27,000. Navalign LLC purchased a new stake in shares of Altria Group during the 4th quarter valued at about $28,000. Creative Capital Management Investments LLC purchased a new stake in shares of Altria Group during the 4th quarter valued at about $29,000. Hughes Financial Services LLC lifted its position in Altria Group by 62.9% during the 4th quarter. Hughes Financial Services LLC now owns 510 shares of the company’s stock worth $29,000 after acquiring an additional 197 shares in the last quarter. Finally, Miller Capital Partners Inc. acquired a new position in Altria Group during the 4th quarter worth approximately $29,000. 57.41% of the stock is owned by hedge funds and other institutional investors.

Altria Group Stock Performance

Shares of MO opened at $74.23 on Friday. The company has a market capitalization of $123.96 billion, a P/E ratio of 15.53, a P/E/G ratio of 2.64 and a beta of 0.45. Altria Group, Inc. has a one year low of $54.70 and a one year high of $75.28. The stock has a 50-day moving average price of $71.72 and a 200 day moving average price of $67.21.

Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, April 30th. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.07. Altria Group had a negative return on equity of 298.69% and a net margin of 34.34%.The company had revenue of $4.76 billion for the quarter, compared to the consensus estimate of $4.58 billion. During the same period in the previous year, the business earned $1.23 EPS. Altria Group’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. As a group, equities research analysts forecast that Altria Group, Inc. will post 5.7 earnings per share for the current fiscal year.

Altria Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 15th were paid a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date was Monday, June 15th. Altria Group’s payout ratio is 88.70%.

Insiders Place Their Bets

In related news, Director Ennis Debra J. Kelly sold 5,790 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $72.25, for a total value of $418,327.50. Following the sale, the director directly owned 73,809 shares of the company’s stock, valued at $5,332,700.25. This represents a 7.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ellen R. Strahlman sold 2,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $72.56, for a total transaction of $145,120.00. Following the completion of the sale, the director directly owned 25,102 shares in the company, valued at $1,821,401.12. This represents a 7.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MO. Barclays increased their price objective on shares of Altria Group from $63.00 to $64.00 and gave the company an “underweight” rating in a research report on Friday, May 15th. Stifel Nicolaus upped their target price on shares of Altria Group from $68.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, May 1st. The Goldman Sachs Group restated a “buy” rating and issued a $77.00 target price on shares of Altria Group in a research note on Thursday, April 30th. Citigroup raised their price target on shares of Altria Group from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Finally, Bank of America lifted their price target on shares of Altria Group from $72.00 to $73.00 and gave the stock a “buy” rating in a research note on Friday, April 10th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $70.78.

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.