Altria Group, Inc. $MO Shares Acquired by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC lifted its holdings in shares of Altria Group, Inc. (NYSE:MO) by 9.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 135,160 shares of the company’s stock after acquiring an additional 11,842 shares during the period. Integrated Wealth Concepts LLC’s holdings in Altria Group were worth $9,725,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. increased its stake in Altria Group by 1.1% in the second quarter. BlackRock Inc. now owns 126,073,166 shares of the company’s stock valued at $9,070,964,000 after purchasing an additional 1,325,175 shares during the period. State Street Corp boosted its stake in shares of Altria Group by 1.6% during the fourth quarter. State Street Corp now owns 72,830,531 shares of the company’s stock worth $4,275,886,000 after buying an additional 1,147,141 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Altria Group by 10.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 65,516,916 shares of the company’s stock worth $3,777,931,000 after buying an additional 6,265,780 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Altria Group by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 45,984,718 shares of the company’s stock worth $2,651,383,000 after buying an additional 729,999 shares during the last quarter. Finally, GQG Partners LLC purchased a new position in shares of Altria Group during the second quarter worth about $1,806,782,000. 57.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MO has been the subject of several analyst reports. Wall Street Zen downgraded Altria Group from a “buy” rating to a “hold” rating in a research note on Sunday, June 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Altria Group in a research note on Tuesday, July 14th. Jefferies Financial Group boosted their target price on Altria Group from $50.00 to $60.00 and gave the company an “underperform” rating in a report on Wednesday, May 27th. UBS Group upped their price target on Altria Group from $76.00 to $79.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Finally, Barclays decreased their price target on Altria Group from $64.00 to $58.00 and set an “underweight” rating for the company in a report on Tuesday, August 11th. Five 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 stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $70.11.

Altria Group Stock Performance

Shares of MO stock opened at $68.73 on Friday. The stock has a fifty day moving average price of $69.48 and a 200 day moving average price of $69.11. The stock has a market cap of $114.77 billion, a PE ratio of 14.50, a P/E/G ratio of 2.41 and a beta of 0.45. 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 earnings results 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 firm had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.35 billion. Altria Group had a net margin of 33.99% and a negative return on equity of 315.29%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the company posted $1.44 EPS. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. As a group, equities 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 will be paid on Friday, October 9th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $1.11 per share. This is an increase from Altria Group’s previous quarterly dividend of $1.06. The ex-dividend date is Tuesday, September 15th. This represents a $4.44 annualized dividend and a yield of 6.5%. Altria Group’s payout ratio is 89.45%.

Altria Group Profile

Altria Group, Inc (NYSE: MO) is a tobacco and nicotine company headquartered in Richmond, Virginia. Through its operating companies, Altria develops, manufactures and markets cigarettes, cigars, oral tobacco products, nicotine pouches and electronic vaping products, with its business focused primarily on the United States.

Altria’s smokeable products portfolio includes Marlboro cigarettes, which are manufactured and marketed in the U.S. by Philip Morris USA, as well as Black & Mild cigars through John Middleton.