Mosaic Family Wealth Partners LLC Buys 10,032 Shares of Altria Group, Inc. $MO

Mosaic Family Wealth Partners LLC grew its stake in shares of Altria Group, Inc. (NYSE:MO) by 214.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,712 shares of the company’s stock after buying an additional 10,032 shares during the period. Mosaic Family Wealth Partners LLC’s holdings in Altria Group were worth $971,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of MO. Charles Schwab Investment Management Inc. grew its stake in Altria Group by 10.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 65,516,916 shares of the company’s stock valued at $3,777,931,000 after acquiring an additional 6,265,780 shares in the last quarter. Marshall Wace LLP lifted its stake in Altria Group by 286.7% in the 3rd quarter. Marshall Wace LLP now owns 4,479,699 shares of the company’s stock worth $295,929,000 after purchasing an additional 3,321,262 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Altria Group by 19.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 19,567,823 shares of the company’s stock valued at $1,285,575,000 after purchasing an additional 3,172,753 shares during the period. SG Americas Securities LLC boosted its holdings in Altria Group by 438.6% in the 4th quarter. SG Americas Securities LLC now owns 3,637,678 shares of the company’s stock valued at $209,749,000 after purchasing an additional 2,962,270 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Altria Group by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 160,980,626 shares of the company’s stock valued at $9,282,143,000 after purchasing an additional 1,903,530 shares in the last quarter. 57.41% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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 value of $418,327.50. Following the completion of the sale, the director directly owned 73,809 shares of the company’s stock, valued at $5,332,700.25. The trade was a 7.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 sale, the director owned 25,102 shares of the company’s stock, valued at approximately $1,821,401.12. The trade was a 7.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is currently owned by corporate insiders.

Altria Group Stock Down 1.9%

Shares of MO stock opened at $71.45 on Friday. The business has a 50-day moving average price of $71.50 and a two-hundred day moving average price of $66.71. Altria Group, Inc. has a 12-month low of $54.70 and a 12-month high of $74.56. The firm has a market cap of $119.32 billion, a P/E ratio of 14.95, a price-to-earnings-growth ratio of 2.72 and a beta of 0.45.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.25 by $0.07. The firm had revenue of $4.76 billion for 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 was up 5.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.23 EPS. Altria Group has set its FY 2026 guidance at 5.560-5.72 EPS. As a group, research analysts expect that Altria Group, Inc. will post 5.7 EPS for the current fiscal year.

Altria Group Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Wall Street Zen cut shares of Altria Group from a “buy” rating to a “hold” rating in a report on Sunday, June 21st. Jefferies Financial Group boosted their target price on Altria Group from $50.00 to $60.00 and gave the stock an “underperform” rating in a research report on Wednesday, May 27th. Citigroup upped their target price on Altria Group from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $77.00 price target on shares of Altria Group in a report on Thursday, April 30th. Finally, UBS Group lifted their price target on Altria Group from $76.00 to $79.00 and gave the company a “buy” rating in a research report on Tuesday. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $70.78.

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.