Corient Private Wealth LP Acquires Shares of 1,015,581 Altria Group, Inc. $MO

Corient Private Wealth LP acquired a new stake in shares of Altria Group, Inc. (NYSE:MO) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,015,581 shares of the company’s stock, valued at approximately $42,930,000.

A number of other large investors have also bought and sold shares of the company. BlackRock Inc. boosted its position in Altria Group by 1.1% during the second quarter. BlackRock Inc. now owns 126,073,166 shares of the company’s stock worth $9,070,964,000 after purchasing an additional 1,325,175 shares during the period. State Street Corp raised its position in shares of Altria Group by 1.6% in the fourth quarter. State Street Corp now owns 72,830,531 shares of the company’s stock valued at $4,275,886,000 after purchasing an additional 1,147,141 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Altria Group by 10.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 65,516,916 shares of the company’s stock valued at $3,777,931,000 after purchasing an additional 6,265,780 shares during the period. Geode Capital Management LLC lifted its stake in shares of Altria Group by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 45,984,718 shares of the company’s stock valued at $2,651,383,000 after buying an additional 729,999 shares in the last quarter. Finally, GQG Partners LLC purchased a new stake in shares of Altria Group during the 2nd quarter valued at approximately $1,806,782,000. 57.41% of the stock is owned by hedge funds and other institutional investors.

Altria Group Trading Down 2.1%

Shares of NYSE:MO opened at $67.66 on Friday. The company has a 50 day moving average of $70.11 and a 200 day moving average of $68.95. The stock has a market cap of $112.97 billion, a P/E ratio of 14.27, a P/E/G ratio of 2.45 and a beta of 0.46. Altria Group, Inc. has a 12 month low of $54.70 and a 12 month high of $77.06.

Altria Group (NYSE:MO) last posted its earnings results 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 firm had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $5.35 billion. During the same quarter in the prior year, the company earned $1.44 earnings per share. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. On average, equities analysts forecast that Altria Group, Inc. will post 5.67 earnings per share for the current fiscal year.

Altria Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Tuesday, September 15th will be issued a $1.11 dividend. This represents a $4.44 annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend is Tuesday, September 15th. This is an increase from Altria Group’s previous quarterly dividend of $1.06. Altria Group’s payout ratio is 89.45%.

Analysts Set New Price Targets

A number of research firms recently weighed in on MO. Jefferies Financial Group lifted their price objective on shares of Altria Group from $50.00 to $60.00 and gave the company an “underperform” rating in a research note on Wednesday, May 27th. Stifel Nicolaus increased their target price on Altria Group from $68.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft raised their price target 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 lowered Altria Group from a “buy” rating to a “hold” rating in a research note on Sunday, June 21st. Finally, Barclays dropped their price objective on Altria Group from $64.00 to $58.00 and set an “underweight” rating on the stock in a report on Tuesday, August 11th. Five 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 data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $70.11.

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.