10,802 Shares of Altria Group, Inc. $MO Acquired by Leo Wealth LLC

Leo Wealth LLC purchased a new position in shares of Altria Group, Inc. (NYSE:MO) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,802 shares of the company’s stock, valued at approximately $727,000.

Other institutional investors also recently made changes to their positions in the company. Apollon Wealth Management LLC lifted its stake in shares of Altria Group by 2.2% in the 3rd quarter. Apollon Wealth Management LLC now owns 184,928 shares of the company’s stock worth $12,453,000 after acquiring an additional 4,032 shares during the period. Kingswood Wealth Advisors LLC boosted its holdings in shares of Altria Group by 0.6% in the third quarter. Kingswood Wealth Advisors LLC now owns 39,523 shares of the company’s stock valued at $2,661,000 after acquiring an additional 243 shares in the last quarter. Sigma Planning Corp increased its stake in shares of Altria Group by 15.3% during the third quarter. Sigma Planning Corp now owns 91,022 shares of the company’s stock valued at $6,129,000 after acquiring an additional 12,065 shares during the period. Paladin Wealth LLC increased its stake in shares of Altria Group by 85.9% during the third quarter. Paladin Wealth LLC now owns 5,496 shares of the company’s stock valued at $370,000 after acquiring an additional 2,539 shares during the period. Finally, Samalin Investment Counsel LLC increased its stake in shares of Altria Group by 2.1% during the third quarter. Samalin Investment Counsel LLC now owns 14,101 shares of the company’s stock valued at $950,000 after acquiring an additional 291 shares during the period. 57.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Barclays cut their target price on Altria Group from $64.00 to $58.00 and set an “underweight” rating for the company in a research report on Tuesday, August 11th. UBS Group increased their price target on Altria Group from $76.00 to $79.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Freedom Broker upgraded Altria Group to a “hold” rating in a research report on Wednesday, September 16th. BTIG Research began coverage on Altria Group in a research note on Tuesday, July 21st. They issued a “neutral” rating on the stock. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Altria Group in a report on Monday, October 12th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Altria Group has an average rating of “Hold” and a consensus target price of $70.11.

Insiders Place Their Bets

In other Altria Group news, Director Kathryn McQuade bought 1,500 shares of Altria Group stock in a transaction that occurred on Wednesday, September 9th. The stock was purchased at an average cost of $67.62 per share, for a total transaction of $101,430.00. Following the completion of the acquisition, the director owned 114,929 shares of the company’s stock, valued at approximately $7,771,498.98. This represents a 1.32% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

Altria Group Trading Down 1.0%

Shares of NYSE MO opened at $73.58 on Tuesday. Altria Group, Inc. has a twelve month low of $54.70 and a twelve month high of $77.06. The company has a market capitalization of $122.86 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 2.64 and a beta of 0.42. The firm has a 50-day moving average of $69.52 and a two-hundred day moving average of $68.28.

Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.50 by ($0.02). The business had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $5.35 billion. Altria Group had a net margin of 33.99% and a negative return on equity of 315.29%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the business posted $1.44 EPS. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. As a group, research analysts predict that Altria Group, Inc. will post 5.67 earnings per share for the current year.

Altria Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Tuesday, September 15th were paid a dividend of $1.11 per share. This is a boost from Altria Group’s previous quarterly dividend of $1.06. This represents a $4.44 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend was Tuesday, September 15th. Altria Group’s dividend payout ratio (DPR) is currently 93.67%.

About Altria Group

Altria Group, Inc is a U.S.-based consumer products company focused primarily on tobacco, nicotine and related products. Through its operating companies, Altria sells cigarettes, cigars, pipe tobacco, oral tobacco and nicotine products, and electronic vapor products.

Altria’s principal cigarette business is Philip Morris USA, whose portfolio includes Marlboro, Parliament and Virginia Slims. Its other major brands include Copenhagen and Skoal moist smokeless tobacco, Black & Mild cigars, on! nicotine pouches and NJOY electronic cigarettes.