TD Private Client Wealth LLC Has $1.38 Million Holdings in Altria Group, Inc. $MO

TD Private Client Wealth LLC raised its position in shares of Altria Group, Inc. (NYSE:MO) by 166.9% in the fourth quarter, HoldingsChannel reports. The fund owned 23,862 shares of the company’s stock after acquiring an additional 14,920 shares during the period. TD Private Client Wealth LLC’s holdings in Altria Group were worth $1,376,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Altria Group by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 160,980,626 shares of the company’s stock worth $9,282,143,000 after purchasing an additional 1,903,530 shares during the last quarter. Ameriprise Financial Inc. increased its position in Altria Group by 19.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 19,567,823 shares of the company’s stock worth $1,285,575,000 after buying an additional 3,172,753 shares during the period. Northern Trust Corp increased its position in Altria Group by 0.4% during the 3rd quarter. Northern Trust Corp now owns 16,705,159 shares of the company’s stock worth $1,103,543,000 after buying an additional 59,189 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Altria Group by 1.1% during the third quarter. Bank of New York Mellon Corp now owns 12,747,828 shares of the company’s stock worth $842,122,000 after buying an additional 132,846 shares in the last quarter. Finally, Capital Research Global Investors lifted its holdings in shares of Altria Group by 0.4% during the third quarter. Capital Research Global Investors now owns 12,131,644 shares of the company’s stock worth $801,412,000 after buying an additional 47,757 shares in the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Stock Performance

MO opened at $74.01 on Wednesday. The firm has a market cap of $123.59 billion, a P/E ratio of 15.48, a price-to-earnings-growth ratio of 2.76 and a beta of 0.48. Altria Group, Inc. has a 52-week low of $54.70 and a 52-week high of $74.56. The business’s fifty day moving average is $67.30 and its 200-day moving average is $63.20.

Altria Group (NYSE:MO) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.07. Altria Group had a negative return on equity of 298.69% and a net margin of 34.34%.The business had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.58 billion. During the same quarter in the previous year, the firm earned $1.23 earnings per share. Altria Group’s revenue for the quarter 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, research analysts predict that Altria Group, Inc. will post 5.68 earnings per share for the current fiscal year.

Altria Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 15th will be given a $1.06 dividend. The ex-dividend date is Monday, June 15th. This represents a $4.24 annualized dividend and a dividend yield of 5.7%. Altria Group’s payout ratio is presently 88.70%.

Insider Buying and Selling at Altria Group

In other news, SVP Charles N. Whitaker sold 27,908 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $67.57, for a total transaction of $1,885,743.56. Following the completion of the sale, the senior vice president owned 180,869 shares of the company’s stock, valued at approximately $12,221,318.33. This represents a 13.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on MO. Morgan Stanley set a $71.00 price target on shares of Altria Group in a research note on Friday, May 1st. The Goldman Sachs Group reiterated a “buy” rating and issued a $77.00 price objective on shares of Altria Group in a research note on Thursday, April 30th. Citigroup boosted their price objective on shares of Altria Group from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Stifel Nicolaus increased their target price on shares of Altria Group from $68.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Finally, Wall Street Zen cut shares of Altria Group from a “buy” rating to a “hold” rating in a report on Saturday. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $69.33.

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.