Koss Olinger Consulting LLC Has $308,000 Stock Position in Altria Group, Inc. $MO

Koss Olinger Consulting LLC reduced its position in Altria Group, Inc. (NYSE:MO) by 70.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,339 shares of the company’s stock after selling 12,639 shares during the period. Koss Olinger Consulting LLC’s holdings in Altria Group were worth $308,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Darwin Wealth Management LLC acquired a new stake in shares of Altria Group in the 2nd quarter valued at $27,000. Navalign LLC bought a new position in shares of Altria Group in the 4th quarter worth $28,000. EMC Capital Management bought a new position in shares of Altria Group in the 3rd quarter worth $33,000. Creative Capital Management Investments LLC bought a new position in shares of Altria Group in the 4th quarter worth $29,000. Finally, Gould Capital LLC bought a new position in shares of Altria Group in the 3rd quarter worth $39,000. 57.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on MO. Wall Street Zen lowered Altria Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Jefferies Financial Group raised their price target on Altria Group from $50.00 to $60.00 and gave the stock an “underperform” rating in a research report on Wednesday. Bank of America raised their price target on Altria Group from $72.00 to $73.00 and gave the stock a “buy” rating in a research report on Friday, April 10th. Morgan Stanley set a $71.00 price target on Altria Group in a research report on Friday, May 1st. Finally, Citigroup raised their price target on Altria Group from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Five investment 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.com, the stock has an average rating of “Hold” and a consensus price target of $70.44.

Insiders Place Their Bets

In other Altria Group news, Director Ellen R. Strahlman sold 2,000 shares of Altria Group stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $72.56, for a total transaction of $145,120.00. Following the transaction, the director directly 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. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction, the director owned 73,809 shares in the company, valued at approximately $5,332,700.25. This represents a 7.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 35,698 shares of company stock worth $2,449,191. Corporate insiders own 0.10% of the company’s stock.

Altria Group Trading Down 3.2%

MO stock opened at $69.63 on Friday. The business’s 50-day moving average price is $68.21 and its two-hundred day moving average price is $64.02. The firm has a market cap of $116.28 billion, a PE ratio of 14.57, a P/E/G ratio of 2.60 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.

Altria Group (NYSE:MO) last posted its earnings results on Thursday, April 30th. The company reported $1.32 earnings per share for the quarter, topping 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 for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.23 earnings per share. Altria Group has set its FY 2026 guidance at 5.560-5.72 EPS. On average, analysts forecast that Altria Group, Inc. will post 5.68 earnings per share for the current year.

Altria Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 15th will be issued a dividend of $1.06 per share. The ex-dividend date is Monday, June 15th. This represents a $4.24 annualized dividend and a yield of 6.1%. Altria Group’s payout ratio is currently 88.70%.

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.