Meadowbrook Wealth Management LLC Acquires New Holdings in Altria Group, Inc. $MO

Meadowbrook Wealth Management LLC bought a new stake in Altria Group, Inc. (NYSE:MO) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 25,583 shares of the company’s stock, valued at approximately $1,723,000. Altria Group makes up approximately 1.8% of Meadowbrook Wealth Management LLC’s holdings, making the stock its 16th biggest position.

Other large investors have also recently bought and sold shares of the company. Illinois Municipal Retirement Fund increased its stake in Altria Group by 7.1% in the fourth quarter. Illinois Municipal Retirement Fund now owns 668,243 shares of the company’s stock valued at $38,531,000 after purchasing an additional 44,267 shares during the last quarter. Procyon Advisors LLC boosted its stake in Altria Group by 59.3% in the 1st quarter. Procyon Advisors LLC now owns 38,926 shares of the company’s stock worth $2,569,000 after buying an additional 14,490 shares during the last quarter. Stephens Inc. AR boosted its stake in Altria Group by 8.6% in the 1st quarter. Stephens Inc. AR now owns 266,504 shares of the company’s stock worth $17,696,000 after buying an additional 21,124 shares during the last quarter. Callan Family Office LLC purchased a new stake in Altria Group in the 2nd quarter valued at about $2,911,000. Finally, Panagora Asset Management Inc. grew its holdings in Altria Group by 4,053.7% in the 4th quarter. Panagora Asset Management Inc. now owns 1,681,875 shares of the company’s stock valued at $96,977,000 after buying an additional 1,641,384 shares during the period. Institutional investors and hedge funds own 57.41% of the company’s stock.

Insiders Place Their Bets

In other Altria Group news, Director Kathryn McQuade purchased 1,500 shares of Altria Group stock in a transaction on Wednesday, September 9th. The shares were purchased at an average cost of $67.62 per share, with a total value of $101,430.00. Following the completion of the transaction, the director directly owned 114,929 shares in the company, valued at approximately $7,771,498.98. This represents a 1.32% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Freedom Broker upgraded shares of Altria Group to a “hold” rating in a report on Wednesday, September 16th. UBS Group boosted their target price on shares of Altria Group from $76.00 to $79.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Wall Street Zen lowered shares of Altria Group from a “buy” rating to a “hold” rating in a research report on Sunday, June 21st. Barclays cut their price target on shares of Altria Group from $64.00 to $58.00 and set an “underweight” rating on the stock in a research note on Tuesday, August 11th. Finally, BTIG Research began coverage on shares of Altria Group in a report on Tuesday, July 21st. They issued a “neutral” rating on the stock. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $70.11.

Altria Group Trading Up 3.0%

NYSE:MO traded up $2.09 on Thursday, hitting $71.47. 11,647,621 shares of the stock were exchanged, compared to its average volume of 9,148,997. The stock has a market cap of $119.34 billion, a PE ratio of 15.08, a PEG ratio of 2.43 and a beta of 0.42. The stock has a fifty day moving average of $68.01 and a 200-day moving average of $69.27. Altria Group, Inc. has a fifty-two week low of $54.70 and a fifty-two week high of $77.06.

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

Altria Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Tuesday, September 15th will be issued a $1.11 dividend. The ex-dividend date is Tuesday, September 15th. This is a positive change from Altria Group’s previous quarterly dividend of $1.06. This represents a $4.44 annualized dividend and a yield of 6.2%. Altria Group’s payout ratio is 93.67%.

Altria Group Company Profile

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.