Leo Wealth LLC Buys New Stake in Altria Group, Inc. $MO

Leo Wealth LLC bought a new stake in shares of Altria Group, Inc. (NYSE:MO) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,802 shares of the company’s stock, valued at approximately $727,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. GQG Partners LLC acquired a new position in Altria Group during the 2nd quarter valued at approximately $1,806,782,000. Bank of America Corp DE bought a new position in Altria Group during the 2nd quarter worth $1,104,566,000. Legal & General Group Plc bought a new position in Altria Group during the 2nd quarter worth $631,606,000. Canada Pension Plan Investment Board acquired a new stake in Altria Group in the second quarter worth $349,743,000. Finally, Assenagon Asset Management S.A. increased its position in Altria Group by 3,691.2% in the second quarter. Assenagon Asset Management S.A. now owns 3,606,561 shares of the company’s stock worth $259,492,000 after buying an additional 3,511,430 shares during the period. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Altria Group

In other Altria Group news, Director Kathryn McQuade purchased 1,500 shares of Altria Group stock in a transaction on Wednesday, September 9th. The stock was bought at an average price of $67.62 per share, for a total transaction of $101,430.00. Following the transaction, the director owned 114,929 shares of the company’s stock, valued at $7,771,498.98. The trade was a 1.32% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.10% of the company’s stock.

Altria Group Trading Down 1.0%

MO opened at $73.58 on Tuesday. The business’s 50 day moving average is $69.52 and its 200-day moving average is $68.28. The stock has a market cap of $122.86 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 2.64 and a beta of 0.42. Altria Group, Inc. has a twelve month low of $54.70 and a twelve month high of $77.06.

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

Altria Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Tuesday, September 15th were paid a dividend of $1.11 per share. This represents a $4.44 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend was Tuesday, September 15th. This is an increase from Altria Group’s previous quarterly dividend of $1.06. Altria Group’s dividend payout ratio (DPR) is presently 93.67%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. BTIG Research started coverage on Altria Group in a research note on Tuesday, July 21st. They issued a “neutral” rating on the stock. UBS Group boosted their price target 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. Weiss Ratings restated a “buy (b)” rating on shares of Altria Group in a research report on Monday, October 12th. Freedom Broker raised shares of Altria Group to a “hold” rating in a report on Wednesday, September 16th. Finally, Barclays dropped their price objective on shares of Altria Group from $64.00 to $58.00 and set an “underweight” rating on the stock in a report on Tuesday, August 11th. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $70.11.

Altria Group Company Profile

Altria Group, Inc is a U.S.-based consumer products company focused primarily on tobacco, nicotine and related products. Through its operating companies, Altria sells cigarettes, cigars, pipe tobacco, oral tobacco and nicotine products, and electronic vapor products.

Altria’s principal cigarette business is Philip Morris USA, whose portfolio includes Marlboro, Parliament and Virginia Slims. Its other major brands include Copenhagen and Skoal moist smokeless tobacco, Black & Mild cigars, on! nicotine pouches and NJOY electronic cigarettes.