Personal CFO Solutions LLC Lowers Holdings in Altria Group, Inc. $MO

Personal CFO Solutions LLC reduced its position in Altria Group, Inc. (NYSE:MO) by 23.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 36,105 shares of the company’s stock after selling 11,188 shares during the quarter. Personal CFO Solutions LLC’s holdings in Altria Group were worth $2,421,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Altria Group by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 160,980,626 shares of the company’s stock valued at $9,282,143,000 after acquiring an additional 1,903,530 shares in the last quarter. State Street Corp raised its holdings in Altria Group by 1.6% during the fourth quarter. State Street Corp now owns 72,830,531 shares of the company’s stock worth $4,275,886,000 after purchasing an additional 1,147,141 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Altria Group by 10.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 65,516,916 shares of the company’s stock valued at $3,777,931,000 after purchasing an additional 6,265,780 shares during the period. Geode Capital Management LLC lifted its position in Altria Group by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 45,984,718 shares of the company’s stock valued at $2,651,383,000 after purchasing an additional 729,999 shares during the period. Finally, Morgan Stanley boosted its holdings in Altria Group by 1.5% in the 4th quarter. Morgan Stanley now owns 22,306,173 shares of the company’s stock valued at $1,286,174,000 after purchasing an additional 335,089 shares in the last quarter. 57.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Bank of America boosted their target price on Altria Group from $72.00 to $73.00 and gave the stock a “buy” rating in a research report on Friday, April 10th. Deutsche Bank Aktiengesellschaft lifted their price target on Altria Group from $60.00 to $66.00 and gave the company a “hold” rating in a research note on Monday, May 4th. Morgan Stanley set a $71.00 price objective on Altria Group in a report on Friday, May 1st. Wall Street Zen cut Altria Group from a “buy” rating to a “hold” rating in a research report on Sunday, June 21st. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $77.00 target price on shares of Altria Group in a report on Thursday, April 30th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Altria Group currently has a consensus rating of “Hold” and an average target price of $70.78.

Insiders Place Their Bets

In other news, Director Ennis Debra J. Kelly sold 5,790 shares of Altria Group 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 owned 73,809 shares of the company’s stock, 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 SEC, which is available through this hyperlink. Also, Director Ellen R. Strahlman sold 2,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was 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 in the company, valued at $1,821,401.12. This represents a 7.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.10% of the company’s stock.

Altria Group Price Performance

Shares of NYSE:MO opened at $72.81 on Thursday. The firm has a market capitalization of $121.58 billion, a price-to-earnings ratio of 15.23, a price-to-earnings-growth ratio of 2.73 and a beta of 0.45. The business’s 50 day simple moving average is $71.43 and its 200-day simple moving average is $66.61. Altria Group, Inc. has a 12 month low of $54.70 and a 12 month high of $74.56.

Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.07. The firm had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.58 billion. Altria Group had a negative return on equity of 298.69% and a net margin of 34.34%.Altria Group’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period last year, the business posted $1.23 EPS. Altria Group has set its FY 2026 guidance at 5.560-5.72 EPS. On average, equities analysts anticipate that Altria Group, Inc. will post 5.68 earnings per share for the current year.

Altria Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 15th will be given a $1.06 dividend. The ex-dividend date is Monday, June 15th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 5.8%. Altria Group’s dividend payout ratio (DPR) is currently 88.70%.

Altria Group Company 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.