Meadowbrook Wealth Management LLC Purchases New Shares in Altria Group, Inc. $MO

Meadowbrook Wealth Management LLC purchased a new position in shares of Altria Group, Inc. (NYSE:MO) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 25,583 shares of the company’s stock, valued at approximately $1,723,000. Altria Group accounts for approximately 1.8% of Meadowbrook Wealth Management LLC’s investment portfolio, making the stock its 16th biggest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Westwind Capital lifted its stake in shares of Altria Group by 3.6% in the 3rd quarter. Westwind Capital now owns 25,701 shares of the company’s stock worth $1,731,000 after acquiring an additional 889 shares during the period. CoreCap Advisors LLC increased its stake in shares of Altria Group by 8.9% during the third quarter. CoreCap Advisors LLC now owns 124,155 shares of the company’s stock worth $8,361,000 after acquiring an additional 10,182 shares during the period. Titleist Asset Management LLC increased its stake in shares of Altria Group by 9.6% during the third quarter. Titleist Asset Management LLC now owns 11,119 shares of the company’s stock worth $749,000 after acquiring an additional 977 shares during the period. Apella Capital LLC raised its holdings in Altria Group by 24.9% during the third quarter. Apella Capital LLC now owns 35,481 shares of the company’s stock worth $2,462,000 after purchasing an additional 7,063 shares in the last quarter. Finally, Everhart Financial Group Inc. raised its holdings in Altria Group by 5.9% during the third quarter. Everhart Financial Group Inc. now owns 8,121 shares of the company’s stock worth $547,000 after purchasing an additional 455 shares in the last quarter. 57.41% of the stock is currently owned by hedge funds and other institutional investors.

Altria Group Stock Performance

MO traded up $2.09 on Thursday, hitting $71.47. 11,647,621 shares of the company were exchanged, compared to its average volume of 9,148,997. Altria Group, Inc. has a fifty-two week low of $54.70 and a fifty-two week high of $77.06. The firm has a market capitalization of $119.34 billion, a P/E ratio of 15.08, a price-to-earnings-growth ratio of 2.43 and a beta of 0.42. The business’s fifty day moving average is $68.01 and its 200 day moving average is $69.27.

Altria Group (NYSE:MO) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.02). The company had revenue of $5.36 billion for 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 revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.44 earnings per share. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. Analysts forecast that Altria Group, Inc. will post 5.67 EPS for the current fiscal year.

Altria Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Tuesday, September 15th will be given a $1.11 dividend. This is an increase from Altria Group’s previous quarterly dividend of $1.06. This represents a $4.44 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Tuesday, September 15th. Altria Group’s dividend payout ratio (DPR) is 93.67%.

Insider Buying and Selling at Altria Group

In other news, Director Kathryn McQuade purchased 1,500 shares of the business’s stock in a transaction dated Wednesday, September 9th. The stock was acquired at an average price of $67.62 per share, with a total value of $101,430.00. Following the purchase, the director directly owned 114,929 shares of the company’s stock, valued at $7,771,498.98. This represents a 1.32% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

MO has been the topic of a number of analyst reports. Freedom Broker raised Altria Group to a “hold” rating in a report on Wednesday, September 16th. Barclays cut their target price on Altria Group from $64.00 to $58.00 and set an “underweight” rating for the company in a research note on Tuesday, August 11th. Weiss Ratings reissued a “buy (b)” rating on shares of Altria Group in a report on Tuesday, July 14th. BTIG Research began coverage on Altria Group in a research note on Tuesday, July 21st. They issued a “neutral” rating on the stock. Finally, UBS Group upped their price objective on Altria Group from $76.00 to $79.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $70.11.

About Altria Group

Altria Group, Inc is a U.S.-based holding company focused primarily on tobacco and nicotine products. Through its operating companies, Altria manufactures and markets cigarettes, cigars, smokeless tobacco, oral nicotine products and electronic cigarettes. Its portfolio includes well-known brands such as Marlboro cigarettes, Copenhagen and Skoal smokeless tobacco, Black & Mild cigars, NJOY e-cigarettes and on! nicotine pouches.

Altria’s principal businesses include Philip Morris USA, the largest U.S.