Altria Group, Inc. $MO Stake Raised by CoreCap Advisors LLC

CoreCap Advisors LLC lifted its stake in Altria Group, Inc. (NYSE:MO) by 8.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,155 shares of the company’s stock after purchasing an additional 10,182 shares during the quarter. CoreCap Advisors LLC’s holdings in Altria Group were worth $8,361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of 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 worth $38,531,000 after acquiring an additional 44,267 shares during the last quarter. Procyon Advisors LLC boosted its stake in Altria Group by 59.3% during the 1st 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 last quarter. Stephens Inc. AR increased its holdings in shares of Altria Group by 8.6% in the 1st quarter. Stephens Inc. AR now owns 266,504 shares of the company’s stock worth $17,696,000 after purchasing an additional 21,124 shares in the last quarter. Callan Family Office LLC bought a new stake in shares of Altria Group in the 2nd quarter worth $2,911,000. Finally, Panagora Asset Management Inc. raised its stake in shares of Altria Group by 4,053.7% in the fourth quarter. Panagora Asset Management Inc. now owns 1,681,875 shares of the company’s stock worth $96,977,000 after purchasing an additional 1,641,384 shares during the last quarter. Institutional investors own 57.41% of the company’s stock.

Wall Street Analysts Forecast Growth

MO has been the topic of a number of research analyst reports. Wall Street Zen downgraded Altria Group from a “buy” rating to a “hold” rating in a report on Sunday, June 21st. Barclays decreased their target price on Altria Group from $64.00 to $58.00 and set an “underweight” rating for the company in a research report on Tuesday, August 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Altria Group in a report on Tuesday, July 14th. Freedom Broker upgraded shares of Altria Group to a “hold” rating in a research note on Wednesday, September 16th. Finally, UBS Group boosted their price objective on shares of Altria Group from $76.00 to $79.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Altria Group has a consensus rating of “Hold” and an average price target of $70.11.

Insider Transactions at Altria Group

In other Altria Group news, Director Kathryn McQuade bought 1,500 shares of Altria Group stock in a transaction on Wednesday, September 9th. The stock was acquired at an average cost of $67.62 per share, with a total value of $101,430.00. Following the completion of the acquisition, the director owned 114,929 shares in the company, valued at approximately $7,771,498.98. This represents a 1.32% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.10% of the company’s stock.

Altria Group Price Performance

Shares of MO traded up $2.09 during trading hours on Thursday, hitting $71.47. The stock had a trading volume of 11,647,621 shares, compared to its average volume of 9,148,997. Altria Group, Inc. has a 12 month low of $54.70 and a 12 month high of $77.06. The firm has a market capitalization of $119.34 billion, a PE ratio of 15.08, a PEG ratio of 2.43 and a beta of 0.42. The stock has a fifty day moving average price of $68.01 and a 200 day moving average price of $69.27.

Altria Group (NYSE:MO) last posted its earnings results on Thursday, July 30th. The company reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.02). The firm had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $5.35 billion. Altria Group had a net margin of 33.99% and a negative return on equity of 315.29%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.44 EPS. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. As a group, analysts anticipate that Altria Group, Inc. will post 5.67 EPS for the current fiscal year.

Altria Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Tuesday, September 15th will be issued a $1.11 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This is a positive change from Altria Group’s previous quarterly dividend of $1.06. This represents a $4.44 dividend on an annualized basis and a dividend yield of 6.2%. Altria Group’s payout ratio is 93.67%.

Altria Group Company Profile

Altria Group, Inc is a U.S.-based holding company focused primarily on tobacco and nicotine products. Through its operating companies, Altria manufactures and markets cigarettes, cigars, smokeless tobacco, oral nicotine products and electronic cigarettes. Its portfolio includes well-known brands such as Marlboro cigarettes, Copenhagen and Skoal smokeless tobacco, Black & Mild cigars, NJOY e-cigarettes and on! nicotine pouches.

Altria’s principal businesses include Philip Morris USA, the largest U.S.