9,888 Shares in Altria Group, Inc. $MO Bought by Spartan Wealth Advisory Services LLC

Spartan Wealth Advisory Services LLC purchased a new stake in Altria Group, Inc. (NYSE:MO) in the 1st quarter, HoldingsChannel reports. The fund purchased 9,888 shares of the company’s stock, valued at approximately $652,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of MO. Darwin Wealth Management LLC acquired a new position in Altria Group during the second quarter worth $27,000. Navalign LLC acquired a new position in shares of Altria Group during the fourth quarter valued at about $28,000. Creative Capital Management Investments LLC acquired a new position in shares of Altria Group during the fourth quarter valued at about $29,000. Hughes Financial Services LLC increased its position in shares of Altria Group by 62.9% during the fourth quarter. Hughes Financial Services LLC now owns 510 shares of the company’s stock worth $29,000 after acquiring an additional 197 shares in the last quarter. Finally, Miller Capital Partners Inc. bought a new stake in shares of Altria Group during the fourth quarter worth about $29,000. Institutional investors own 57.41% of the company’s stock.

Analysts Set New Price Targets

MO has been the topic of several recent research reports. Wall Street Zen cut shares of Altria Group from a “buy” rating to a “hold” rating in a research report on Sunday, June 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Altria Group in a report on Tuesday, July 14th. Citigroup raised their target price on Altria Group from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Jefferies Financial Group upped their price target on Altria Group from $50.00 to $60.00 and gave the stock an “underperform” rating in a report on Wednesday, May 27th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Altria Group from $60.00 to $66.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Five 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 company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $70.78.

Altria Group Stock Performance

NYSE:MO opened at $74.23 on Monday. The firm has a market cap of $123.96 billion, a price-to-earnings ratio of 15.53, a price-to-earnings-growth ratio of 2.68 and a beta of 0.45. Altria Group, Inc. has a 52 week low of $54.70 and a 52 week high of $75.28. The firm has a 50-day moving average price of $71.72 and a two-hundred day moving average price of $67.28.

Altria Group (NYSE:MO) last announced its earnings results on Thursday, April 30th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.07. The firm had revenue of $4.76 billion for 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%.The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.23 EPS. Altria Group has set its FY 2026 guidance at 5.560-5.72 EPS. As a group, sell-side analysts forecast that Altria Group, Inc. will post 5.7 earnings per share for the current year.

Altria Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 15th were given a $1.06 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $4.24 annualized dividend and a yield of 5.7%. Altria Group’s payout ratio is currently 88.70%.

Insider Buying and Selling at Altria Group

In other news, Director Ennis Debra J. Kelly sold 5,790 shares of the firm’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 sale, the director directly owned 73,809 shares of the company’s stock, valued at $5,332,700.25. This trade represents a 7.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ellen R. Strahlman sold 2,000 shares of Altria Group stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $72.56, for a total value of $145,120.00. Following the sale, the director owned 25,102 shares in the company, valued at $1,821,401.12. The trade was a 7.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is currently owned by insiders.

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.