Tanager Wealth Management LLP Acquires New Stake in Altria Group, Inc. $MO

Tanager Wealth Management LLP acquired a new stake in shares of Altria Group, Inc. (NYSE:MO) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 11,553 shares of the company’s stock, valued at approximately $762,000.

A number of other institutional investors have also recently modified their holdings of MO. KFA Private Wealth Group LLC raised its position in shares of Altria Group by 0.9% in the 1st quarter. KFA Private Wealth Group LLC now owns 36,216 shares of the company’s stock worth $2,390,000 after purchasing an additional 339 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its position in Altria Group by 9.7% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 34,561 shares of the company’s stock valued at $2,281,000 after purchasing an additional 3,061 shares during the last quarter. Apella Capital LLC grew its position in Altria Group by 183.6% during the 1st quarter. Apella Capital LLC now owns 28,346 shares of the company’s stock valued at $1,819,000 after purchasing an additional 18,351 shares during the last quarter. Focused Wealth Management Inc increased its stake in Altria Group by 2.0% during the 1st quarter. Focused Wealth Management Inc now owns 34,304 shares of the company’s stock valued at $2,264,000 after purchasing an additional 657 shares in the last quarter. Finally, Cidel Asset Management Inc. increased its stake in Altria Group by 45.7% during the 1st quarter. Cidel Asset Management Inc. now owns 18,731 shares of the company’s stock valued at $1,236,000 after purchasing an additional 5,879 shares in the last quarter. 57.41% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Altria Group

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

Altria Group Stock Performance

Shares of NYSE:MO opened at $72.01 on Thursday. The firm has a market cap of $120.25 billion, a price-to-earnings ratio of 15.06, a price-to-earnings-growth ratio of 2.68 and a beta of 0.46. The business has a 50-day simple moving average of $69.95 and a two-hundred day simple moving average of $65.62. Altria Group, Inc. has a fifty-two week low of $54.70 and a fifty-two week high of $74.56.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, April 30th. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.07. Altria Group had a net margin of 34.34% and a negative return on equity of 298.69%. The firm had revenue of $4.76 billion for the quarter, compared to the consensus estimate of $4.58 billion. During the same quarter last year, the firm posted $1.23 EPS. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. Altria Group has set its FY 2026 guidance at 5.560-5.72 EPS. As a group, research analysts predict that Altria Group, Inc. will post 5.68 earnings per share for the current year.

Altria Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group reiterated a “buy” rating and issued a $77.00 target price on shares of Altria Group in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Altria Group from $60.00 to $66.00 and gave the company a “hold” rating in a research report on Monday, May 4th. UBS Group boosted their price objective on shares of Altria Group from $74.00 to $76.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Barclays upped their price objective on Altria Group from $63.00 to $64.00 and gave the company an “underweight” rating in a research report on Friday, May 15th. Finally, Citigroup increased their target price on Altria Group from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $70.44.

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.