Storen Legacy Partners LLC Takes Position in Altria Group, Inc. $MO

Storen Legacy Partners LLC purchased a new position in shares of Altria Group, Inc. (NYSE:MO) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 12,552 shares of the company’s stock, valued at approximately $724,000.

Other large investors also recently bought and sold shares of the company. Darwin Wealth Management LLC purchased a new position in Altria Group during the 2nd quarter worth approximately $27,000. Navalign LLC acquired a new stake in shares of Altria Group in the fourth quarter valued at approximately $28,000. Creative Capital Management Investments LLC purchased a new position in shares of Altria Group during the fourth quarter worth approximately $29,000. Hughes Financial Services LLC grew 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 during the last quarter. Finally, Miller Capital Partners Inc. acquired a new position in shares of Altria Group in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 57.41% of the company’s stock.

Insider Activity at Altria Group

In other news, Director Ennis Debra J. Kelly sold 5,790 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $72.25, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ellen R. Strahlman sold 2,000 shares of Altria Group stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $72.56, for a total value of $145,120.00. Following the completion of the sale, the director owned 25,102 shares in the company, valued at approximately $1,821,401.12. This trade represents a 7.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.10% of the company’s stock.

Altria Group Stock Performance

Shares of Altria Group stock opened at $69.18 on Friday. Altria Group, Inc. has a one year low of $54.70 and a one year high of $74.56. The company has a market cap of $115.53 billion, a P/E ratio of 14.47, a PEG ratio of 2.59 and a beta of 0.46. The firm has a fifty day moving average of $69.72 and a two-hundred day moving average of $65.31.

Altria Group (NYSE:MO) last issued its earnings results 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 business had revenue of $4.76 billion for the quarter, compared to the consensus estimate of $4.58 billion. Altria Group had a net margin of 34.34% and a negative return on equity of 298.69%. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.23 earnings per share. Altria Group has set its FY 2026 guidance at 5.560-5.72 EPS. As a group, equities analysts predict that Altria Group, Inc. will post 5.68 earnings per share for the current year.

Altria Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 15th will be issued a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend is Monday, June 15th. Altria Group’s payout ratio is currently 88.70%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on MO shares. Barclays upped their price target on shares of Altria Group from $63.00 to $64.00 and gave the company an “underweight” rating in a research report on Friday, May 15th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of 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 target price on shares of Altria Group in a research note on Friday, May 1st. Citigroup raised their price target on Altria Group from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Finally, Bank of America boosted their price target on Altria Group from $72.00 to $73.00 and gave the company a “buy” rating in a research report on Friday, April 10th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $70.44.

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.