TD Private Client Wealth LLC Acquires 14,920 Shares of Altria Group, Inc. $MO

TD Private Client Wealth LLC grew its holdings in Altria Group, Inc. (NYSE:MO) by 166.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,862 shares of the company’s stock after purchasing an additional 14,920 shares during the period. TD Private Client Wealth LLC’s holdings in Altria Group were worth $1,376,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in MO. Darwin Wealth Management LLC bought a new position in Altria Group in the second quarter valued at $27,000. Navalign LLC acquired a new position in shares of Altria Group during the 4th quarter worth about $28,000. EMC Capital Management acquired a new position in shares of Altria Group during the 3rd quarter worth about $33,000. Creative Capital Management Investments LLC bought a new position in shares of Altria Group in the 4th quarter valued at about $29,000. Finally, Gould Capital LLC bought a new position in shares of Altria Group in the 3rd quarter valued at about $39,000. Institutional investors own 57.41% of the company’s stock.

Altria Group Stock Performance

Shares of NYSE:MO opened at $74.01 on Wednesday. Altria Group, Inc. has a 52-week low of $54.70 and a 52-week high of $74.56. The company has a market capitalization of $123.59 billion, a P/E ratio of 15.48, a price-to-earnings-growth ratio of 2.76 and a beta of 0.48. The company has a 50-day simple moving average of $67.30 and a 200 day simple moving average of $63.20.

Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.32 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. During the same quarter in the prior year, the company earned $1.23 earnings per share. The business’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 analysts forecast that Altria Group, Inc. will post 5.68 earnings per share for the current year.

Altria Group Announces Dividend

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

Analyst Ratings Changes

Several analysts recently issued reports on the company. Stifel Nicolaus upped their target price on Altria Group from $68.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Bank of America boosted their price target on Altria Group from $72.00 to $73.00 and gave the stock a “buy” rating in a research report on Friday, April 10th. Wall Street Zen cut Altria Group from a “buy” rating to a “hold” rating in a research note on Saturday. Deutsche Bank Aktiengesellschaft increased their price objective on Altria Group from $60.00 to $66.00 and gave the company a “hold” rating in a report on Monday, May 4th. Finally, Citigroup raised their target price on shares of Altria Group from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Altria Group presently has an average rating of “Hold” and a consensus price target of $69.33.

Insider Transactions at Altria Group

In other Altria Group news, SVP Charles N. Whitaker sold 27,908 shares of the firm’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $67.57, for a total transaction 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. This trade represents a 13.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by corporate insiders.

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.