Three Seasons Wealth LLC Raises Holdings in Altria Group, Inc. $MO

Three Seasons Wealth LLC grew its holdings in Altria Group, Inc. (NYSE:MO) by 143.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,496 shares of the company’s stock after buying an additional 30,315 shares during the period. Altria Group accounts for about 0.3% of Three Seasons Wealth LLC’s holdings, making the stock its 26th biggest holding. Three Seasons Wealth LLC’s holdings in Altria Group were worth $3,705,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Illinois Municipal Retirement Fund raised its holdings in Altria Group by 7.1% in the 4th quarter. Illinois Municipal Retirement Fund now owns 668,243 shares of the company’s stock valued at $38,531,000 after buying an additional 44,267 shares during the period. Procyon Advisors LLC raised its position in Altria Group by 59.3% in the first quarter. Procyon Advisors LLC now owns 38,926 shares of the company’s stock valued at $2,569,000 after purchasing an additional 14,490 shares during the period. Rayburn West Financial Services LLC purchased a new stake in Altria Group in the fourth quarter valued at approximately $2,438,000. North Dakota State Investment Board acquired a new position in Altria Group during the fourth quarter worth $3,336,000. Finally, International Assets Investment Management LLC lifted its stake in Altria Group by 206.7% during the 4th quarter. International Assets Investment Management LLC now owns 75,573 shares of the company’s stock worth $4,358,000 after acquiring an additional 50,931 shares in the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Price Performance

NYSE:MO opened at $68.80 on Friday. Altria Group, Inc. has a 1-year low of $54.70 and a 1-year high of $77.06. The firm’s fifty day moving average price is $69.82 and its 200 day moving average price is $69.07. The firm has a market cap of $114.88 billion, a price-to-earnings ratio of 14.51, a price-to-earnings-growth ratio of 2.46 and a beta of 0.45.

Altria Group (NYSE:MO) last posted its quarterly 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 for the quarter, compared to analysts’ expectations of $5.35 billion. During the same period in the prior year, the company earned $1.44 earnings per share. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. As a group, analysts expect that Altria Group, Inc. will post 5.67 earnings per share for the current fiscal year.

Altria Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Tuesday, September 15th will be issued a $1.11 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $4.44 dividend on an annualized basis and a dividend yield of 6.5%. This is a boost from Altria Group’s previous quarterly dividend of $1.06. Altria Group’s payout ratio is 89.45%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MO. Weiss Ratings reiterated a “buy (b)” rating on shares of Altria Group in a report on Tuesday, July 14th. Jefferies Financial Group increased their price target 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. BTIG Research assumed coverage on shares of Altria Group in a research note on Tuesday, July 21st. They set a “neutral” rating on the stock. UBS Group boosted their price target on shares of Altria Group from $76.00 to $79.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Finally, Wall Street Zen downgraded shares of Altria Group from a “buy” rating to a “hold” rating in a research note on Sunday, June 21st. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $70.11.

About Altria Group

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.