Kingsview Wealth Management LLC Acquires New Shares in Altria Group, Inc. $MO

Kingsview Wealth Management LLC acquired a new position in Altria Group, Inc. (NYSE:MO) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 97,867 shares of the company’s stock, valued at approximately $7,042,000.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Altria Group by 1.1% during the 2nd quarter. BlackRock Inc. now owns 126,073,166 shares of the company’s stock worth $9,070,964,000 after acquiring an additional 1,325,175 shares in the last quarter. State Street Corp raised its stake in shares of Altria Group by 1.6% in the 4th quarter. State Street Corp now owns 72,830,531 shares of the company’s stock valued at $4,275,886,000 after acquiring an additional 1,147,141 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Altria Group by 10.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 65,516,916 shares of the company’s stock valued at $3,777,931,000 after acquiring an additional 6,265,780 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Altria Group by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 45,984,718 shares of the company’s stock worth $2,651,383,000 after purchasing an additional 729,999 shares during the last quarter. Finally, GQG Partners LLC acquired a new stake in Altria Group in the 2nd quarter worth approximately $1,806,782,000. 57.41% of the stock is owned by institutional investors and hedge funds.

Altria Group Stock Up 1.5%

Shares of NYSE MO opened at $68.68 on Friday. Altria Group, Inc. has a 12 month low of $54.70 and a 12 month high of $77.06. The company has a market cap of $114.68 billion, a P/E ratio of 14.49, a P/E/G ratio of 2.40 and a beta of 0.46. The business’s 50 day moving average is $70.10 and its two-hundred day moving average is $68.95.

Altria Group (NYSE:MO) last released its earnings results on Thursday, July 30th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.50 by ($0.02). The company had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.35 billion. Altria Group had a net margin of 33.99% and a negative return on equity of 315.29%. Altria Group’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.44 earnings per share. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. Sell-side analysts expect that Altria Group, Inc. will post 5.67 earnings per share for the current fiscal year.

Altria Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Tuesday, September 15th will be paid a $1.11 dividend. The ex-dividend date is Tuesday, September 15th. This is a boost from Altria Group’s previous quarterly dividend of $1.06. This represents a $4.44 annualized dividend and a dividend yield of 6.5%. Altria Group’s dividend payout ratio is 89.45%.

Analyst Ratings Changes

Several brokerages have commented on MO. Weiss Ratings reiterated a “buy (b)” rating on shares of Altria Group in a report on Tuesday, July 14th. Morgan Stanley set a $71.00 price objective on shares of Altria Group in a research note on Friday, May 1st. UBS Group upped their price objective on shares of Altria Group from $76.00 to $79.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. BTIG Research assumed coverage on shares of Altria Group in a research note on Tuesday, July 21st. They issued a “neutral” rating on the stock. Finally, Barclays dropped their target price on shares of Altria Group from $64.00 to $58.00 and set an “underweight” rating on the stock in a report on Tuesday, August 11th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $70.11.

Key Altria Group News

Here are the key news stories impacting Altria Group this week:

• Positive Sentiment: Altria raised its quarterly dividend 4.7% to $1.11 per share, payable October 9 to shareholders of record September 15. The increase reinforces Altria’s reputation as a high-yield income stock, with an annualized yield of approximately 6.5%, and may be supporting investor demand. Altria Increases Quarterly Dividend to $1.11 Per Share
• Positive Sentiment: The election of Steve Presley to Altria’s board adds a director with extensive consumer-products and business leadership experience. While not an immediate earnings catalyst, the appointment could support oversight and long-term strategic execution. Altria Announces Election of Steve Presley to Altria’s Board of Directors
• Neutral Sentiment: Analyst commentary continues to focus on Altria’s valuation, dividend durability and efforts to expand beyond traditional cigarettes. The stock’s roughly 95% five-year gain highlights its strong performance, but also raises questions about how much future growth is already reflected in the price. Altria Stock Looks Reasonably Priced
• Negative Sentiment: The FDA authorized three new JUUL2 e-cigarette products, including flavored pods. The decision validates the regulated nicotine-vapor category but may intensify competition for Altria’s NJOY business and other reduced-risk products, potentially limiting market-share gains. FDA Allows Marketing of Juul’s New E-Cigarettes and Flavored Pods

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.