Elevation Point Wealth Partners LLC Acquires 16,996 Shares of Altria Group, Inc. $MO

Elevation Point Wealth Partners LLC lifted its stake in Altria Group, Inc. (NYSE:MO) by 63.4% during the 1st quarter, HoldingsChannel reports. The fund owned 43,819 shares of the company’s stock after buying an additional 16,996 shares during the period. Elevation Point Wealth Partners LLC’s holdings in Altria Group were worth $2,931,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of MO. Darwin Wealth Management LLC acquired a new stake in Altria Group in the 2nd quarter worth $27,000. Navalign LLC acquired a new position in shares of Altria Group during the fourth quarter valued at about $28,000. Creative Capital Management Investments LLC acquired a new position in shares of Altria Group during the fourth quarter valued at about $29,000. Hughes Financial Services LLC lifted 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 valued at $29,000 after buying an additional 197 shares during the period. Finally, Miller Capital Partners Inc. bought a new stake in shares of Altria Group in the fourth quarter valued at about $29,000. Institutional investors own 57.41% of the company’s stock.

Insider Transactions at Altria Group

In related news, Director Ennis Debra J. Kelly sold 5,790 shares of Altria Group stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $72.25, for a total value of $418,327.50. Following the completion of the sale, the director directly owned 73,809 shares in the company, valued at $5,332,700.25. This trade represents a 7.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ellen R. Strahlman sold 2,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $72.56, for a total transaction of $145,120.00. Following the transaction, the director owned 25,102 shares in the company, valued at approximately $1,821,401.12. The trade was a 7.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on MO. Morgan Stanley set a $71.00 target price on Altria Group in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft raised their price objective on Altria Group from $60.00 to $66.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. UBS Group lifted their price objective on Altria Group from $74.00 to $76.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Jefferies Financial Group boosted their price objective on Altria Group from $50.00 to $60.00 and gave the company an “underperform” rating in a research report on Wednesday, May 27th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $77.00 target price on shares of Altria Group in a research note on Thursday, April 30th. Five equities research 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. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $70.44.

Altria Group Price Performance

MO stock opened at $72.77 on Friday. The business has a fifty day moving average price of $71.08 and a 200 day moving average price of $66.27. Altria Group, Inc. has a fifty-two week low of $54.70 and a fifty-two week high of $74.56. The stock has a market capitalization of $121.51 billion, a price-to-earnings ratio of 15.22, a P/E/G ratio of 2.72 and a beta of 0.45.

Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, April 30th. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. During the same quarter in the previous year, the firm earned $1.23 earnings per share. 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, equities analysts expect that Altria Group, Inc. will post 5.68 earnings per share for the current fiscal year.

Altria Group Announces Dividend

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 $1.06 dividend. This represents a $4.24 annualized dividend and a yield of 5.8%. The ex-dividend date is Monday, June 15th. Altria Group’s payout ratio 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.