Wellington Management Group LLP Has $56.39 Million Position in Altria Group, Inc. $MO

Wellington Management Group LLP increased its holdings in shares of Altria Group, Inc. (NYSE:MO) by 25.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 783,686 shares of the company’s stock after purchasing an additional 159,265 shares during the period. Wellington Management Group LLP’s holdings in Altria Group were worth $56,386,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of MO. BlackRock Inc. lifted its stake in Altria Group by 1.1% in the second quarter. BlackRock Inc. now owns 126,073,166 shares of the company’s stock valued at $9,070,964,000 after buying an additional 1,325,175 shares in the last quarter. State Street Corp increased its position in shares of Altria Group by 1.6% during the fourth quarter. State Street Corp now owns 72,830,531 shares of the company’s stock worth $4,275,886,000 after acquiring an additional 1,147,141 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Altria Group by 10.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 65,516,916 shares of the company’s stock worth $3,777,931,000 after acquiring an additional 6,265,780 shares during the period. Geode Capital Management LLC raised its holdings in shares of Altria Group by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 45,984,718 shares of the company’s stock worth $2,651,383,000 after acquiring an additional 729,999 shares during the period. Finally, GQG Partners LLC bought a new stake in Altria Group in the 2nd quarter valued at $1,806,782,000. 57.41% of the stock is owned by institutional investors.

Altria Group Stock Up 0.0%

NYSE:MO opened at $69.57 on Friday. The firm has a market capitalization of $116.16 billion, a price-to-earnings ratio of 14.68, a price-to-earnings-growth ratio of 2.47 and a beta of 0.45. Altria Group, Inc. has a twelve month low of $54.70 and a twelve month high of $77.06. The stock’s 50 day moving average price is $69.92 and its two-hundred day moving average price is $69.07.

Altria Group (NYSE:MO) last issued its earnings results on Thursday, July 30th. The company reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.02). The firm had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.35 billion. Altria Group had a negative return on equity of 315.29% and a net margin of 33.99%.Altria Group’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.44 earnings per share. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. As a group, analysts anticipate that Altria Group, Inc. will post 5.67 earnings per share for the current year.

Altria Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Tuesday, September 15th will be paid a $1.11 dividend. This is an increase from Altria Group’s previous quarterly dividend of $1.06. The ex-dividend date is Tuesday, September 15th. This represents a $4.44 annualized dividend and a yield of 6.4%. Altria Group’s dividend payout ratio (DPR) is 89.45%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Jefferies Financial Group increased their target price on Altria Group from $50.00 to $60.00 and gave the stock an “underperform” rating in a report on Wednesday, May 27th. UBS Group upped their price objective on Altria Group from $76.00 to $79.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Barclays decreased their price objective on Altria Group from $64.00 to $58.00 and set an “underweight” rating for the company in a report on Tuesday, August 11th. BTIG Research assumed coverage on Altria Group in a research report on Tuesday, July 21st. They issued a “neutral” rating on the stock. Finally, Wall Street Zen cut shares of Altria Group from a “buy” rating to a “hold” rating in a research note on Sunday, June 21st. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Altria Group currently has an average rating of “Hold” and an average price target of $70.11.

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.