Fortis Group Advisors LLC Has $1.81 Million Stock Holdings in Altria Group, Inc. $MO

Fortis Group Advisors LLC cut its stake in Altria Group, Inc. (NYSE:MO) by 30.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,251 shares of the company’s stock after selling 12,669 shares during the period. Fortis Group Advisors LLC’s holdings in Altria Group were worth $1,810,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Darwin Wealth Management LLC acquired a new position in shares of Altria Group in the 2nd quarter valued at approximately $27,000. Navalign LLC acquired a new position in shares of Altria Group in the 4th quarter valued at approximately $28,000. Creative Capital Management Investments LLC acquired a new position in shares of Altria Group in the 4th quarter valued at approximately $29,000. EMC Capital Management acquired a new position in shares of Altria Group in the 3rd quarter valued at approximately $33,000. Finally, Elevation Wealth Partners LLC raised its position in shares of Altria Group by 79.0% in the 4th quarter. Elevation Wealth Partners LLC now owns 630 shares of the company’s stock valued at $36,000 after buying an additional 278 shares in the last quarter. 57.41% of the stock is owned by institutional investors and hedge funds.

Altria Group Stock Down 0.8%

Shares of NYSE:MO opened at $73.37 on Thursday. The stock has a market cap of $122.52 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 2.77 and a beta of 0.48. Altria Group, Inc. has a 12-month low of $54.70 and a 12-month high of $74.56. The business’s 50 day moving average is $67.43 and its 200 day moving average is $63.31.

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

Altria Group Announces Dividend

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

Insiders Place Their Bets

In related news, SVP Charles N. Whitaker sold 27,908 shares of the business’s stock in a transaction dated 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 transaction, the senior vice president directly owned 180,869 shares in the company, valued at approximately $12,221,318.33. The trade was a 13.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Altria Group from $60.00 to $66.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Barclays boosted their price target on Altria Group from $63.00 to $64.00 and gave the stock an “underweight” rating in a report on Friday, May 15th. Jefferies Financial Group boosted their price target on Altria Group from $47.00 to $50.00 and gave the stock an “underperform” rating in a report on Wednesday, March 4th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $77.00 price target on shares of Altria Group in a research note on Thursday, April 30th. Finally, Wall Street Zen downgraded shares of Altria Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $69.33.

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.