29,199 Shares in Altria Group, Inc. $MO Bought by MRA Advisory Group

MRA Advisory Group purchased a new position in shares of Altria Group, Inc. (NYSE:MO) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 29,199 shares of the company’s stock, valued at approximately $2,101,000. Altria Group makes up about 0.8% of MRA Advisory Group’s portfolio, making the stock its 29th biggest holding.

A number of other large investors have also recently added to or reduced their stakes in MO. Gradient Investments LLC grew its position in shares of Altria Group by 1.5% in the 2nd quarter. Gradient Investments LLC now owns 234,911 shares of the company’s stock valued at $16,902,000 after acquiring an additional 3,558 shares during the period. Baring Financial LLC bought a new stake in shares of Altria Group in the 2nd quarter valued at about $239,000. Quantum Financial Advisors LLC bought a new stake in shares of Altria Group in the 2nd quarter valued at about $213,000. Trust Point Inc. lifted its stake in Altria Group by 60.4% in the 2nd quarter. Trust Point Inc. now owns 10,532 shares of the company’s stock valued at $758,000 after purchasing an additional 3,965 shares during the last quarter. Finally, Kwmg LLC lifted its stake in Altria Group by 1.1% in the 2nd quarter. Kwmg LLC now owns 128,378 shares of the company’s stock valued at $9,237,000 after purchasing an additional 1,407 shares during the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Wall Street Analyst Weigh In

MO has been the topic of a number of recent analyst reports. The Goldman Sachs Group reissued a “buy” rating and set a $77.00 price target on shares of Altria Group in a research report on Thursday, April 30th. Jefferies Financial Group raised their price objective on Altria Group from $50.00 to $60.00 and gave the company an “underperform” rating in a research report on Wednesday, May 27th. Stifel Nicolaus lifted their target price on Altria Group from $68.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Citigroup boosted their target price 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 increased their price target on Altria Group from $72.00 to $73.00 and gave the company a “buy” rating in a research note on Friday, April 10th. Five 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 MarketBeat.com, the company has an average rating of “Hold” and an average target price of $70.78.

Insider Transactions at Altria Group

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

Altria Group Price Performance

MO opened at $68.37 on Friday. The business has a fifty day simple moving average of $71.34 and a 200 day simple moving average of $68.56. The company has a market capitalization of $114.16 billion, a PE ratio of 14.42, a price-to-earnings-growth ratio of 2.40 and a beta of 0.46. Altria Group, Inc. has a 1 year low of $54.70 and a 1 year high of $77.06.

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). Altria Group had a negative return on equity of 315.29% and a net margin of 33.99%.The firm had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $5.35 billion. During the same quarter in the previous year, the business earned $1.44 EPS. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. Equities analysts anticipate that Altria Group, Inc. will post 5.68 earnings per share for the current fiscal year.

Altria Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 15th were given a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend was Monday, June 15th. Altria Group’s dividend payout ratio (DPR) is currently 89.45%.

About Altria Group

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.