Altria Group, Inc. $MO Shares Acquired by Procyon Advisors LLC

Procyon Advisors LLC increased its holdings in Altria Group, Inc. (NYSE:MO) by 59.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,926 shares of the company’s stock after buying an additional 14,490 shares during the period. Procyon Advisors LLC’s holdings in Altria Group were worth $2,569,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Darwin Wealth Management LLC acquired a new position in Altria Group during the second quarter worth about $27,000. Navalign LLC acquired a new stake in shares of Altria Group in the fourth quarter valued at approximately $28,000. EMC Capital Management acquired a new stake in shares of Altria Group in the third quarter valued at approximately $33,000. Creative Capital Management Investments LLC purchased a new position in shares of Altria Group during the 4th quarter worth approximately $29,000. Finally, Miller Capital Partners Inc. purchased a new position in shares of Altria Group during the 4th quarter worth approximately $29,000. 57.41% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Altria Group

In other Altria Group news, Director Ennis Debra J. Kelly sold 5,790 shares of Altria Group stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $72.25, for a total value of $418,327.50. Following the completion of the sale, the director owned 73,809 shares in the company, valued at $5,332,700.25. The trade was a 7.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ellen R. Strahlman sold 2,000 shares of the business’s stock in a transaction that occurred 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 owned 25,102 shares of the company’s stock, valued at approximately $1,821,401.12. The trade was a 7.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is currently owned by company insiders.

Altria Group Stock Performance

Shares of MO opened at $71.93 on Tuesday. Altria Group, Inc. has a fifty-two week low of $54.70 and a fifty-two week high of $74.56. The company has a market capitalization of $120.12 billion, a PE ratio of 15.05, a price-to-earnings-growth ratio of 2.68 and a beta of 0.45. The stock has a fifty day moving average of $71.56 and a two-hundred day moving average of $66.89.

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. The business had revenue of $4.76 billion for the quarter, compared to analysts’ expectations of $4.58 billion. Altria Group had a negative return on equity of 298.69% and a net margin of 34.34%.The business’s revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.23 earnings per share. 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 firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 15th were paid a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend was Monday, June 15th. Altria Group’s dividend payout ratio (DPR) is presently 88.70%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on MO shares. UBS Group upped their target price on Altria Group from $76.00 to $79.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Stifel Nicolaus raised their price target on Altria Group from $68.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft boosted their price target on Altria Group from $60.00 to $66.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Citigroup upped 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. Finally, Morgan Stanley set a $71.00 target price on shares of Altria Group in a research note on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Altria Group currently has a consensus rating of “Hold” and a consensus price target of $70.78.

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.