Harvest Fund Management Co. Ltd Has $405,000 Position in Altria Group, Inc. $MO

Harvest Fund Management Co. Ltd reduced its holdings in Altria Group, Inc. (NYSE:MO) by 57.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,017 shares of the company’s stock after selling 9,504 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Altria Group were worth $405,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in MO. Darwin Wealth Management LLC acquired a new stake in shares of Altria Group in the second quarter valued at about $27,000. Navalign LLC acquired a new stake in shares of Altria Group in the fourth quarter valued at about $28,000. Creative Capital Management Investments LLC acquired a new stake in shares of Altria Group in the fourth quarter valued at about $29,000. EMC Capital Management acquired a new stake in shares of Altria Group in the third quarter valued at about $33,000. Finally, Elevation Wealth Partners LLC grew its position in shares of Altria Group by 79.0% in the fourth quarter. Elevation Wealth Partners LLC now owns 630 shares of the company’s stock valued at $36,000 after purchasing an additional 278 shares during the last quarter. 57.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Wall Street Zen downgraded Altria Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Jefferies Financial Group lifted their target price on Altria Group from $50.00 to $60.00 and gave the stock an “underperform” rating in a research report on Wednesday, May 27th. UBS Group lifted their target price on Altria Group from $74.00 to $76.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Morgan Stanley set a $71.00 target price on Altria Group in a research report on Friday, May 1st. Finally, Bank of America lifted their target price on Altria Group from $72.00 to $73.00 and gave the stock a “buy” rating in a research report on Friday, April 10th. 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 MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $70.44.

Altria Group Stock Up 2.4%

MO stock opened at $72.32 on Friday. Altria Group, Inc. has a twelve month low of $54.70 and a twelve month high of $74.56. The company has a market cap of $120.77 billion, a PE ratio of 15.13, a price-to-earnings-growth ratio of 2.70 and a beta of 0.46. The business’s 50-day simple moving average is $68.80 and its 200 day simple moving average is $64.45.

Altria Group (NYSE:MO) last released its earnings results on Thursday, April 30th. The company reported $1.32 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $4.58 billion. During the same period last year, the business earned $1.23 earnings per share. The firm’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, equities research analysts anticipate that Altria Group, Inc. will post 5.68 EPS for the current year.

Altria Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 15th will be paid a dividend of $1.06 per share. The ex-dividend date is Monday, June 15th. This represents a $4.24 dividend on an annualized basis and a yield of 5.9%. Altria Group’s dividend payout ratio (DPR) is currently 88.70%.

Insider Transactions at Altria Group

In other Altria Group news, Director Ellen R. Strahlman sold 2,000 shares of the firm’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 completion of the transaction, the director owned 25,102 shares in the company, valued at $1,821,401.12. This trade 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 this link. Also, Director Ennis Debra J. Kelly sold 5,790 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $72.25, for a total transaction of $418,327.50. Following the transaction, the director owned 73,809 shares of the company’s stock, valued at approximately $5,332,700.25. This represents a 7.27% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is owned by company insiders.

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.