Altria Group, Inc. $MO Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its holdings in shares of Altria Group, Inc. (NYSE:MO) by 3.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 917,989 shares of the company’s stock after buying an additional 29,087 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Altria Group were worth $60,578,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Brighton Jones LLC grew its position in Altria Group by 64.7% during the 4th quarter. Brighton Jones LLC now owns 17,702 shares of the company’s stock worth $926,000 after purchasing an additional 6,954 shares during the period. Sivia Capital Partners LLC lifted its holdings in shares of Altria Group by 86.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 6,361 shares of the company’s stock valued at $373,000 after buying an additional 2,946 shares during the period. Schnieders Capital Management LLC. boosted its stake in shares of Altria Group by 6.9% in the second quarter. Schnieders Capital Management LLC. now owns 9,630 shares of the company’s stock worth $565,000 after buying an additional 618 shares during the last quarter. Gamco Investors INC. ET AL purchased a new stake in shares of Altria Group in the second quarter worth about $346,000. Finally, AXA S.A. purchased a new stake in shares of Altria Group in the second quarter worth about $5,752,000. 57.41% of the stock is owned by hedge funds and other institutional investors.

Altria Group Stock Performance

Shares of NYSE MO opened at $73.73 on Monday. The firm has a market cap of $123.13 billion, a PE ratio of 15.43, a PEG ratio of 2.76 and a beta of 0.46. The firm has a fifty day moving average of $70.29 and a 200 day moving average of $65.83. Altria Group, Inc. has a one year low of $54.70 and a one year high of $74.56.

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

Altria Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 15th will be given a dividend of $1.06 per share. This represents a $4.24 annualized dividend and a dividend yield of 5.8%. The ex-dividend date is Monday, June 15th. Altria Group’s dividend payout ratio is 88.70%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on MO shares. Morgan Stanley set a $71.00 price target on Altria Group in a research report on Friday, May 1st. Stifel Nicolaus upped their price objective on Altria Group from $68.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. UBS Group raised their price objective on shares of Altria Group from $74.00 to $76.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. The Goldman Sachs Group reaffirmed a “buy” rating and set a $77.00 target price on shares of Altria Group in a report on Thursday, April 30th. Finally, Citigroup boosted their target price on shares of Altria Group from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $70.44.

Insider Transactions at Altria Group

In related news, Director Ennis Debra J. Kelly sold 5,790 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $72.25, for a total value of $418,327.50. Following the transaction, the director directly owned 73,809 shares of the company’s stock, valued at approximately $5,332,700.25. This trade represents a 7.27% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ellen R. Strahlman sold 2,000 shares of Altria Group stock in a transaction dated Tuesday, May 26th. The stock was 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. The trade was a 7.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.10% of the company’s stock.

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.