Lockheed Martin Investment Management Co. Sells 112,200 Shares of Altria Group, Inc. $MO

Lockheed Martin Investment Management Co. trimmed its holdings in Altria Group, Inc. (NYSE:MO) by 24.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 351,800 shares of the company’s stock after selling 112,200 shares during the quarter. Altria Group comprises 0.7% of Lockheed Martin Investment Management Co.’s portfolio, making the stock its 28th biggest holding. Lockheed Martin Investment Management Co.’s holdings in Altria Group were worth $20,285,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MO. Darwin Wealth Management LLC bought a new position in shares of Altria Group in the second quarter valued at about $27,000. Navalign LLC bought a new position in shares of Altria Group in the fourth quarter valued at about $28,000. Creative Capital Management Investments LLC bought a new stake in Altria Group during the 4th quarter worth about $29,000. EMC Capital Management bought a new stake in Altria Group during the 3rd quarter worth about $33,000. Finally, Elevation Wealth Partners LLC raised its holdings in Altria Group by 79.0% during the 4th quarter. Elevation Wealth Partners LLC now owns 630 shares of the company’s stock worth $36,000 after purchasing an additional 278 shares during the last quarter. 57.41% of the stock is owned by institutional investors.

Altria Group Trading Up 0.9%

Altria Group stock opened at $73.06 on Friday. The firm has a market capitalization of $122.00 billion, a P/E ratio of 15.28, a PEG ratio of 2.71 and a beta of 0.48. Altria Group, Inc. has a 1 year low of $54.70 and a 1 year high of $74.56. The business has a 50-day moving average of $67.02 and a 200-day moving average of $63.05.

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

Altria Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 15th will be given a dividend of $1.06 per share. This represents a $4.24 annualized dividend and a dividend yield of 5.8%. The ex-dividend date is Monday, June 15th. Altria Group’s payout ratio is presently 88.70%.

Insider Activity

In other news, SVP Charles N. Whitaker sold 27,908 shares of the business’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $67.57, for a total transaction of $1,885,743.56. Following the completion of the transaction, the senior vice president directly owned 180,869 shares in the company, valued at approximately $12,221,318.33. The trade was a 13.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

MO has been the subject of several recent research reports. Jefferies Financial Group boosted their price objective on Altria Group from $47.00 to $50.00 and gave the stock an “underperform” rating in a report on Wednesday, March 4th. Barclays boosted their price objective on Altria Group from $63.00 to $64.00 and gave the stock an “underweight” rating in a report on Friday. Citigroup boosted their price objective on Altria Group from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. UBS Group boosted 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. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $77.00 price objective on shares of Altria Group in a report on Thursday, April 30th. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $69.33.

Altria Group 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.