Cambient Family Office LLC Invests $1.09 Million in Altria Group, Inc. $MO

Cambient Family Office LLC acquired a new position in shares of Altria Group, Inc. (NYSE:MO) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 18,646 shares of the company’s stock, valued at approximately $1,095,000.

Other hedge funds have also recently made changes to their positions in the company. Johnson & White Wealth Management LLC boosted its position in shares of Altria Group by 1.2% during the fourth quarter. Johnson & White Wealth Management LLC now owns 12,704 shares of the company’s stock worth $733,000 after buying an additional 154 shares during the period. Kanawha Capital Management LLC grew its stake in shares of Altria Group by 0.8% in the fourth quarter. Kanawha Capital Management LLC now owns 19,546 shares of the company’s stock valued at $1,127,000 after buying an additional 160 shares in the last quarter. Strategic Advisors LLC raised its holdings in shares of Altria Group by 2.0% in the 4th quarter. Strategic Advisors LLC now owns 8,243 shares of the company’s stock valued at $475,000 after buying an additional 160 shares during the period. Acorn Wealth Advisors LLC raised its holdings in shares of Altria Group by 1.6% in the 4th quarter. Acorn Wealth Advisors LLC now owns 10,117 shares of the company’s stock valued at $583,000 after buying an additional 163 shares during the period. Finally, Truvestments Capital LLC lifted its stake in Altria Group by 1.6% during the 4th quarter. Truvestments Capital LLC now owns 10,498 shares of the company’s stock worth $605,000 after acquiring an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Insider Activity at Altria Group

In other Altria Group news, Director Ennis Debra J. Kelly sold 5,790 shares of the 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 transaction, the director directly owned 73,809 shares in the company, valued at $5,332,700.25. This represents a 7.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ellen R. Strahlman sold 2,000 shares of the stock in a transaction that occurred on 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 represents a 7.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is owned by insiders.

Altria Group Trading Up 0.3%

Shares of MO stock opened at $69.18 on Friday. The company has a market cap of $115.53 billion, a P/E ratio of 14.47, a PEG ratio of 2.58 and a beta of 0.46. The firm has a fifty day moving average price of $69.67 and a 200 day moving average price of $65.28. Altria Group, Inc. has a 12 month low of $54.70 and a 12 month high of $74.56.

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

Altria Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 15th will be given a dividend of $1.06 per share. This represents a $4.24 annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend is Monday, June 15th. Altria Group’s dividend payout ratio (DPR) is 88.70%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Barclays lifted their target price on Altria Group from $63.00 to $64.00 and gave the company an “underweight” rating in a research report on Friday, May 15th. Stifel Nicolaus raised their price objective on shares of Altria Group from $68.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, May 1st. The Goldman Sachs Group restated a “buy” rating and issued a $77.00 price objective on shares of Altria Group in a report on Thursday, April 30th. Citigroup upped their target price on shares of Altria Group from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Finally, UBS Group increased their target price on shares of Altria Group from $74.00 to $76.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $70.44.

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.