Fund Advisors of America Inc FL Invests $715,000 in Altria Group, Inc. $MO

Fund Advisors of America Inc FL acquired a new stake in Altria Group, Inc. (NYSE:MO) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 12,406 shares of the company’s stock, valued at approximately $715,000.

A number of other hedge funds and other institutional investors have also modified their holdings of MO. Viking Fund Management LLC raised its stake in Altria Group by 14.1% during the fourth quarter. Viking Fund Management LLC now owns 202,000 shares of the company’s stock valued at $11,647,000 after purchasing an additional 25,000 shares in the last quarter. US Bancorp DE grew its stake in shares of Altria Group by 3.2% in the 3rd quarter. US Bancorp DE now owns 603,834 shares of the company’s stock worth $39,889,000 after buying an additional 18,626 shares in the last quarter. Illinois Municipal Retirement Fund increased its holdings in shares of Altria Group by 7.1% in the 4th quarter. Illinois Municipal Retirement Fund now owns 668,243 shares of the company’s stock worth $38,531,000 after buying an additional 44,267 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Altria Group by 438.6% in the 4th quarter. SG Americas Securities LLC now owns 3,637,678 shares of the company’s stock worth $209,749,000 after buying an additional 2,962,270 shares during the last quarter. Finally, Rayburn West Financial Services LLC purchased a new stake in shares of Altria Group during the 4th quarter valued at about $2,438,000. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Trading Up 0.1%

Shares of NYSE:MO opened at $69.18 on Friday. Altria Group, Inc. has a 12-month low of $54.70 and a 12-month high of $74.56. The business has a 50 day moving average of $69.72 and a two-hundred day moving average of $65.31. The company has a market capitalization of $115.53 billion, a PE ratio of 14.47, a PEG ratio of 2.59 and a beta of 0.46.

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

Altria Group Announces Dividend

The company also recently announced 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. This represents a $4.24 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date is Monday, June 15th. Altria Group’s dividend payout ratio (DPR) is 88.70%.

Analyst Ratings Changes

Several research firms have recently issued reports on MO. 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 note on Wednesday, May 27th. Barclays boosted their target price on Altria Group from $63.00 to $64.00 and gave the company an “underweight” rating in a research report on Friday, May 15th. 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 report on Friday, April 10th. Deutsche Bank Aktiengesellschaft raised their price target on Altria Group from $60.00 to $66.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. Finally, Citigroup lifted their price objective on shares of Altria Group from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $70.44.

Insider Activity

In other Altria Group news, 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 sale, the director directly owned 25,102 shares in the company, valued at $1,821,401.12. This represents a 7.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ennis Debra J. Kelly sold 5,790 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $72.25, for a total transaction of $418,327.50. Following the sale, the director owned 73,809 shares of the company’s stock, valued at $5,332,700.25. This represents a 7.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.10% of the company’s stock.

Altria Group 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.