Altria Group, Inc. $MO Shares Sold by Integrated Advisors Network LLC

Integrated Advisors Network LLC trimmed its holdings in shares of Altria Group, Inc. (NYSE:MO) by 33.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,667 shares of the company’s stock after selling 12,589 shares during the period. Integrated Advisors Network LLC’s holdings in Altria Group were worth $1,628,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in MO. Vanguard Group Inc. raised its holdings in Altria Group by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 160,980,626 shares of the company’s stock worth $9,282,143,000 after purchasing an additional 1,903,530 shares in the last quarter. State Street Corp boosted its holdings in shares of Altria Group by 1.6% in the 4th quarter. State Street Corp now owns 72,830,531 shares of the company’s stock valued at $4,275,886,000 after buying an additional 1,147,141 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Altria Group by 10.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 65,516,916 shares of the company’s stock valued at $3,777,931,000 after buying an additional 6,265,780 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Altria Group by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 45,984,718 shares of the company’s stock valued at $2,651,383,000 after buying an additional 729,999 shares during the last quarter. Finally, Morgan Stanley grew its position in shares of Altria Group by 1.5% in the 4th quarter. Morgan Stanley now owns 22,306,173 shares of the company’s stock valued at $1,286,174,000 after buying an additional 335,089 shares during the last quarter. 57.41% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Altria Group 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 completion of the sale, the director directly owned 25,102 shares of the company’s stock, valued at approximately $1,821,401.12. This trade represents a 7.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ennis Debra J. Kelly sold 5,790 shares of Altria Group stock in a transaction that occurred 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 completion of the transaction, the director owned 73,809 shares in the company, valued at $5,332,700.25. This trade represents a 7.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.10% of the company’s stock.

Altria Group Price Performance

MO stock opened at $72.94 on Wednesday. The company has a market cap of $121.81 billion, a price-to-earnings ratio of 15.26, a price-to-earnings-growth ratio of 2.69 and a beta of 0.45. The company has a fifty day moving average price of $71.29 and a 200 day moving average price of $66.51. Altria Group, Inc. has a 12 month low of $54.70 and a 12 month high of $74.56.

Altria Group (NYSE:MO) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.07. The company had revenue of $4.76 billion for the quarter, compared to the consensus estimate of $4.58 billion. Altria Group had a net margin of 34.34% and a negative return on equity of 298.69%. Altria Group’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period last year, the firm posted $1.23 EPS. Altria Group has set its FY 2026 guidance at 5.560-5.72 EPS. As a group, analysts anticipate that Altria Group, Inc. will post 5.68 earnings per share for the current year.

Altria Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 15th will be issued a dividend of $1.06 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 5.8%. Altria Group’s dividend payout ratio (DPR) is currently 88.70%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MO. The Goldman Sachs Group reissued a “buy” rating and issued a $77.00 price target on shares of Altria Group in a research report on Thursday, April 30th. Bank of America raised their price objective on Altria Group from $72.00 to $73.00 and gave the stock a “buy” rating in a report on Friday, April 10th. 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. Deutsche Bank Aktiengesellschaft boosted their target price on Altria Group from $60.00 to $66.00 and gave the company a “hold” rating in a report on Monday, May 4th. Finally, Wall Street Zen cut Altria Group from a “buy” rating to a “hold” rating in a research report on Sunday, June 21st. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $70.78.

About Altria Group

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.