Altria Group, Inc. $MO Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lifted its holdings in shares of Altria Group, Inc. (NYSE:MO) by 6.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 223,007 shares of the company’s stock after buying an additional 12,975 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Altria Group were worth $15,017,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of MO. Comprehensive Financial Planning Inc. PA bought a new stake in Altria Group during the 2nd quarter worth approximately $26,000. Cornerstone National Bank & Trust Co acquired a new stake in shares of Altria Group during the third quarter worth $33,000. Physician Wealth Advisors Inc. raised its holdings in shares of Altria Group by 78.8% during the first quarter. Physician Wealth Advisors Inc. now owns 524 shares of the company’s stock worth $35,000 after acquiring an additional 231 shares during the period. Evolution Advisers Inc. lifted its position in Altria Group by 110.9% in the 2nd quarter. Evolution Advisers Inc. now owns 578 shares of the company’s stock valued at $41,000 after acquiring an additional 304 shares in the last quarter. Finally, GK Wealth Management LLC bought a new stake in Altria Group in the 3rd quarter valued at $43,000. 57.41% of the stock is owned by institutional investors.

Altria Group Stock Down 1.0%

Shares of 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 stock has a market capitalization of $122.86 billion, a P/E ratio of 15.52, a P/E/G ratio of 2.64 and a beta of 0.42. The company has a 50 day moving average of $69.52 and a 200-day moving average of $68.28.

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

Altria Group Increases Dividend

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

Wall Street Analysts Forecast Growth

MO has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Altria Group in a research note on Monday, October 12th. Freedom Broker raised Altria Group to a “hold” rating in a research note on Wednesday, September 16th. BTIG Research started coverage on Altria Group in a report on Tuesday, July 21st. They issued a “neutral” rating on the stock. UBS Group boosted their price target on Altria Group from $76.00 to $79.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Finally, Barclays reduced their price objective 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. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $70.11.

Insider Buying and Selling

In other Altria Group news, Director Kathryn McQuade acquired 1,500 shares of Altria Group stock in a transaction dated Wednesday, September 9th. The stock was bought at an average cost of $67.62 per share, for a total transaction of $101,430.00. Following the purchase, the director directly owned 114,929 shares in the company, valued at approximately $7,771,498.98. This represents a 1.32% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.10% of the stock is owned by company insiders.

Altria Group Company Profile

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.