D.A. Davidson & CO. Buys 27,055 Shares of Altria Group, Inc. $MO

D.A. Davidson & CO. lifted its stake in shares of Altria Group, Inc. (NYSE:MO) by 8.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 364,763 shares of the company’s stock after acquiring an additional 27,055 shares during the quarter. D.A. Davidson & CO.’s holdings in Altria Group were worth $24,071,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its holdings in shares of Altria Group by 1.0% in the 1st quarter. Bank of New York Mellon Corp now owns 12,929,142 shares of the company’s stock worth $853,194,000 after buying an additional 133,676 shares during the period. Three Seasons Wealth LLC increased its stake in shares of Altria Group by 54.1% during the first quarter. Three Seasons Wealth LLC now owns 21,181 shares of the company’s stock valued at $1,420,000 after buying an additional 7,437 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Altria Group by 6.9% during the first quarter. Geneos Wealth Management Inc. now owns 45,985 shares of the company’s stock valued at $3,035,000 after buying an additional 2,971 shares during the period. NFSG Corp raised its holdings in shares of Altria Group by 121.4% in the first quarter. NFSG Corp now owns 58,828 shares of the company’s stock valued at $3,882,000 after acquiring an additional 32,257 shares in the last quarter. Finally, Opinicus Capital Inc. bought a new stake in shares of Altria Group in the first quarter valued at about $222,000. Institutional investors own 57.41% of the company’s stock.

Insider Activity

In related news, Director Ellen R. Strahlman sold 2,000 shares of Altria Group stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $72.56, for a total value of $145,120.00. Following the completion of the sale, the director directly owned 25,102 shares in the company, valued at $1,821,401.12. This trade represents a 7.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 directly owned 73,809 shares in the company, valued at approximately $5,332,700.25. This represents a 7.27% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.10% of the company’s stock.

Altria Group Price Performance

Altria Group stock opened at $70.44 on Thursday. The stock has a market capitalization of $117.63 billion, a price-to-earnings ratio of 14.74, a PEG ratio of 2.53 and a beta of 0.45. Altria Group, Inc. has a 1-year low of $54.70 and a 1-year high of $74.56. The business has a fifty day moving average price of $71.52 and a 200-day moving average price of $67.05.

Altria Group (NYSE:MO) last announced its 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. Altria Group had a negative return on equity of 298.69% and a net margin of 34.34%.The firm had revenue of $4.76 billion for the quarter, compared to the consensus estimate of $4.58 billion. During the same period in the previous year, the business earned $1.23 EPS. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. Altria Group has set its FY 2026 guidance at 5.560-5.72 EPS. On average, equities research analysts anticipate that Altria Group, Inc. will post 5.7 earnings per share for the current fiscal year.

Altria Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 15th were paid a dividend of $1.06 per share. The ex-dividend date was Monday, June 15th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 6.0%. Altria Group’s payout ratio is presently 88.70%.

Analyst Ratings Changes

MO has been the subject of a number of research reports. UBS Group upped their price objective on shares of Altria Group from $76.00 to $79.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Citigroup boosted their price target 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. Wall Street Zen cut shares of Altria Group from a “buy” rating to a “hold” rating in a research report on Sunday, June 21st. Stifel Nicolaus upped their price target 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, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Altria Group from $60.00 to $66.00 and gave the company a “hold” rating in a research note on Monday, May 4th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $70.78.

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.