Charles Schwab Trust Co Has $2.38 Million Holdings in Altria Group, Inc. $MO

Charles Schwab Trust Co increased its position in Altria Group, Inc. (NYSE:MO) by 444.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,081 shares of the company’s stock after acquiring an additional 27,000 shares during the quarter. Charles Schwab Trust Co’s holdings in Altria Group were worth $2,380,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Illinois Municipal Retirement Fund increased its position in Altria Group by 7.1% during the fourth quarter. Illinois Municipal Retirement Fund now owns 668,243 shares of the company’s stock worth $38,531,000 after acquiring an additional 44,267 shares during the period. Procyon Advisors LLC raised its stake in Altria Group by 59.3% during the 1st quarter. Procyon Advisors LLC now owns 38,926 shares of the company’s stock valued at $2,569,000 after purchasing an additional 14,490 shares during the last quarter. Rayburn West Financial Services LLC bought a new stake in Altria Group in the 4th quarter valued at $2,438,000. North Dakota State Investment Board bought a new stake in Altria Group in the 4th quarter valued at $3,336,000. Finally, International Assets Investment Management LLC grew its position in Altria Group by 206.7% in the 4th quarter. International Assets Investment Management LLC now owns 75,573 shares of the company’s stock worth $4,358,000 after purchasing an additional 50,931 shares during the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Stock Down 4.3%

Shares of Altria Group stock opened at $65.42 on Tuesday. Altria Group, Inc. has a 12-month low of $54.70 and a 12-month high of $77.06. The stock has a market capitalization of $109.23 billion, a P/E ratio of 13.80, a price-to-earnings-growth ratio of 2.42 and a beta of 0.46. The company has a 50-day simple moving average of $71.27 and a 200 day simple moving average of $68.64.

Altria Group (NYSE:MO) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.48 EPS for the quarter, missing analysts’ consensus estimates 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%. Altria Group’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.44 earnings per share. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. On average, equities analysts anticipate that Altria Group, Inc. will post 5.68 earnings per share for the current year.

Altria Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 15th were issued a $1.06 dividend. This represents a $4.24 annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend was Monday, June 15th. Altria Group’s payout ratio is presently 89.45%.

Insider Buying and Selling

In related news, Director Ellen R. Strahlman sold 2,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ennis Debra J. Kelly sold 5,790 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $72.25, for a total value of $418,327.50. Following the sale, the director directly owned 73,809 shares of the company’s stock, valued at $5,332,700.25. This represents a 7.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MO. Jefferies Financial Group boosted their price objective on shares of Altria Group from $50.00 to $60.00 and gave the stock an “underperform” rating in a report on Wednesday, May 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of Altria Group in a research note on Tuesday, July 14th. Barclays lifted their target price on Altria Group from $63.00 to $64.00 and gave the stock an “underweight” rating in a research report on Friday, May 15th. The Goldman Sachs Group restated a “buy” rating and set a $77.00 price target on shares of Altria Group in a research note on Thursday, April 30th. Finally, Stifel Nicolaus upped their price target on Altria Group from $68.00 to $77.00 and gave the company a “buy” rating in a report on Friday, May 1st. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $70.78.

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.