TD Asset Management Inc Has $50.43 Million Stake in Altria Group, Inc. $MO

TD Asset Management Inc increased its position in Altria Group, Inc. (NYSE:MO) by 6.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 874,549 shares of the company’s stock after buying an additional 51,486 shares during the quarter. TD Asset Management Inc’s holdings in Altria Group were worth $50,426,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MO. Brighton Jones LLC lifted its holdings in shares of Altria Group by 64.7% in the 4th quarter. Brighton Jones LLC now owns 17,702 shares of the company’s stock worth $926,000 after purchasing an additional 6,954 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Altria Group by 86.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 6,361 shares of the company’s stock worth $373,000 after purchasing an additional 2,946 shares in the last quarter. Schnieders Capital Management LLC. lifted its holdings in shares of Altria Group by 6.9% in the 2nd quarter. Schnieders Capital Management LLC. now owns 9,630 shares of the company’s stock worth $565,000 after purchasing an additional 618 shares in the last quarter. Gamco Investors INC. ET AL bought a new position in shares of Altria Group in the 2nd quarter worth $346,000. Finally, AXA S.A. bought a new position in shares of Altria Group in the 2nd quarter worth $5,752,000. 57.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on MO shares. Deutsche Bank Aktiengesellschaft increased their target price on Altria Group from $60.00 to $66.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Wall Street Zen cut Altria Group from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. 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. Barclays raised their price objective on Altria Group from $63.00 to $64.00 and gave the company an “underweight” rating in a research note on Friday, May 15th. Finally, Bank of America raised their price objective on Altria Group from $72.00 to $73.00 and gave the company a “buy” rating in a research note on Friday, April 10th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Altria Group presently has an average rating of “Hold” and an average price target of $70.44.

Insider Buying and Selling at Altria Group

In other Altria Group news, Director Ellen R. Strahlman sold 2,000 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 25,102 shares in the company, valued at approximately $1,821,401.12. This trade represents a 7.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ennis Debra J. Kelly sold 5,790 shares of Altria Group stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $72.25, for a total value of $418,327.50. Following the sale, the director owned 73,809 shares in the company, valued at $5,332,700.25. The trade was a 7.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is currently owned by company insiders.

Altria Group Trading Up 2.4%

Shares of NYSE:MO opened at $72.32 on Friday. The stock’s fifty day simple moving average is $68.80 and its two-hundred day simple moving average is $64.45. Altria Group, Inc. has a 1-year low of $54.70 and a 1-year high of $74.56. The stock has a market cap of $120.77 billion, a PE ratio of 15.13, a price-to-earnings-growth ratio of 2.64 and a beta of 0.46.

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

Altria Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 15th will be paid a dividend of $1.06 per share. The ex-dividend date is Monday, June 15th. This represents a $4.24 annualized dividend and a yield of 5.9%. Altria Group’s dividend payout ratio (DPR) is 88.70%.

Altria Group Company 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.