Altria Group, Inc. $MO Shares Acquired by KMG Fiduciary Partners LLC

KMG Fiduciary Partners LLC boosted its stake in Altria Group, Inc. (NYSE:MO) by 65.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,273 shares of the company’s stock after buying an additional 9,185 shares during the period. KMG Fiduciary Partners LLC’s holdings in Altria Group were worth $1,674,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of MO. Darwin Wealth Management LLC acquired a new stake in shares of Altria Group in the 2nd quarter worth approximately $27,000. Navalign LLC acquired a new position in shares of Altria Group during the 4th quarter valued at $28,000. Creative Capital Management Investments LLC bought a new stake in shares of Altria Group in the 4th quarter worth $29,000. Miller Capital Partners Inc. bought a new stake in shares of Altria Group in the 4th quarter worth $29,000. Finally, Hughes Financial Services LLC lifted its holdings in shares of Altria Group by 62.9% in the fourth quarter. Hughes Financial Services LLC now owns 510 shares of the company’s stock valued at $29,000 after buying an additional 197 shares during the period. Institutional investors and hedge funds own 57.41% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on MO. The Goldman Sachs Group reaffirmed a “buy” rating and set a $77.00 target price on shares of Altria Group in a research note on Thursday, April 30th. BTIG Research began coverage on shares of Altria Group in a report on Tuesday, July 21st. They issued a “neutral” rating for the company. Barclays raised 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 boosted their target price on shares of Altria Group from $68.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Finally, Morgan Stanley set a $71.00 target price on shares of Altria Group in a report on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Altria Group currently has a consensus rating of “Hold” and a consensus target price of $70.78.

Altria Group Stock Down 4.3%

Shares of Altria Group stock opened at $65.42 on Tuesday. Altria Group, Inc. has a 12 month low of $54.70 and a 12 month high of $77.06. The stock has a market cap of $109.23 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 2.42 and a beta of 0.46. The business has a fifty day simple moving average of $71.27 and a 200-day simple moving average of $68.64.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.50 by ($0.02). Altria Group had a negative return on equity of 315.29% and a net margin of 33.99%.The business had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $5.35 billion. During the same period in the prior year, the company posted $1.44 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. Analysts expect that Altria Group, Inc. will post 5.68 EPS for the current fiscal year.

Altria Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 15th were given a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend was Monday, June 15th. Altria Group’s dividend payout ratio is 89.45%.

Insider Buying and Selling

In other news, 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 value of $145,120.00. Following the transaction, the director directly owned 25,102 shares of the company’s stock, valued at approximately $1,821,401.12. This represents a 7.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ennis Debra J. Kelly sold 5,790 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $72.25, for a total transaction of $418,327.50. Following the completion of the transaction, the director directly owned 73,809 shares in the company, valued at $5,332,700.25. This trade represents a 7.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.10% of the company’s stock.

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.