Diversify Wealth Management LLC Has $6.22 Million Stock Holdings in Altria Group, Inc. $MO

Diversify Wealth Management LLC boosted its holdings in shares of Altria Group, Inc. (NYSE:MO) by 1,427.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 91,168 shares of the company’s stock after purchasing an additional 85,198 shares during the quarter. Diversify Wealth Management LLC’s holdings in Altria Group were worth $6,218,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MO. Darwin Wealth Management LLC bought a new position in Altria Group in the 2nd quarter worth approximately $27,000. Navalign LLC bought a new stake in shares of Altria Group in the fourth quarter valued at approximately $28,000. Creative Capital Management Investments LLC bought a new stake in shares of Altria Group in the fourth quarter valued at approximately $29,000. Hughes Financial Services LLC grew its stake in shares of Altria Group by 62.9% in the fourth quarter. Hughes Financial Services LLC now owns 510 shares of the company’s stock worth $29,000 after acquiring an additional 197 shares during the last quarter. Finally, Miller Capital Partners Inc. acquired a new stake in shares of Altria Group in the fourth quarter worth $29,000. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Stock Down 0.0%

NYSE MO opened at $71.78 on Monday. The stock has a market cap of $119.86 billion, a P/E ratio of 15.02, a PEG ratio of 2.68 and a beta of 0.45. The company’s 50-day simple moving average is $71.58 and its 200 day simple moving average is $66.80. Altria Group, Inc. has a twelve month low of $54.70 and a twelve month high of $74.56.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, April 30th. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.07. The firm had revenue of $4.76 billion during the quarter, compared to analysts’ expectations of $4.58 billion. Altria Group had a net margin of 34.34% and a negative return on equity of 298.69%. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.23 earnings per share. Altria Group has set its FY 2026 guidance at 5.560-5.72 EPS. Research analysts anticipate that Altria Group, Inc. will post 5.7 earnings per share for the current year.

Altria Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 15th were issued a $1.06 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 5.9%. Altria Group’s dividend payout ratio is presently 88.70%.

Insider Activity at Altria Group

In other Altria Group news, Director Ennis Debra J. Kelly sold 5,790 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $72.25, for a total transaction of $418,327.50. Following the sale, the director directly owned 73,809 shares of the company’s stock, valued at approximately $5,332,700.25. This represents a 7.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ellen R. Strahlman sold 2,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $72.56, for a total value of $145,120.00. Following the completion of the sale, the director 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MO. UBS Group boosted their target price on shares of Altria Group from $76.00 to $79.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Bank of America increased their price target on shares of Altria Group from $72.00 to $73.00 and gave the company a “buy” rating in a report on Friday, April 10th. Jefferies Financial Group boosted their price objective on shares of Altria Group from $50.00 to $60.00 and gave the stock an “underperform” rating in a report on Wednesday, May 27th. Morgan Stanley set a $71.00 price objective on shares of Altria Group in a research report on Friday, May 1st. Finally, Stifel Nicolaus increased their target price 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. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $70.78.

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.