Koss Olinger Consulting LLC Has $959,000 Stake in Altria Group, Inc. $MO

Koss Olinger Consulting LLC grew its holdings in Altria Group, Inc. (NYSE:MO) by 172.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,533 shares of the company’s stock after buying an additional 9,194 shares during the quarter. Koss Olinger Consulting LLC’s holdings in Altria Group were worth $959,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Altria Group by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 160,980,626 shares of the company’s stock worth $9,282,143,000 after acquiring an additional 1,903,530 shares during the last quarter. State Street Corp increased its stake in shares of Altria Group by 1.6% in the 4th quarter. State Street Corp now owns 72,830,531 shares of the company’s stock valued at $4,275,886,000 after acquiring an additional 1,147,141 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Altria Group by 10.6% in 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 purchasing an additional 6,265,780 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Altria Group by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 45,984,718 shares of the company’s stock valued at $2,651,383,000 after buying an additional 729,999 shares in the last quarter. Finally, Morgan Stanley increased its holdings in shares of Altria Group by 1.5% in the fourth quarter. Morgan Stanley now owns 22,306,173 shares of the company’s stock worth $1,286,174,000 after acquiring an additional 335,089 shares in the last quarter. Institutional investors own 57.41% of the company’s stock.

Altria Group Stock Performance

MO opened at $74.23 on Monday. Altria Group, Inc. has a fifty-two week low of $54.70 and a fifty-two week high of $75.28. The company has a market capitalization of $123.96 billion, a P/E ratio of 15.53, a P/E/G ratio of 2.68 and a beta of 0.45. The stock has a fifty day moving average of $71.72 and a 200-day moving average of $67.28.

Altria Group (NYSE:MO) last released its quarterly earnings results on Thursday, April 30th. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.25 by $0.07. Altria Group had a net margin of 34.34% and a negative return on equity of 298.69%. The business had revenue of $4.76 billion for the quarter, compared to the consensus estimate of $4.58 billion. During the same period in the prior year, the company posted $1.23 earnings per share. Altria Group’s revenue was up 5.3% compared to the same quarter last year. Altria Group has set its FY 2026 guidance at 5.560-5.72 EPS. On average, equities research analysts predict that Altria Group, Inc. will post 5.7 earnings per share for the current fiscal year.

Altria Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 15th were given a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date was Monday, June 15th. Altria Group’s payout ratio is presently 88.70%.

Insider Activity at Altria Group

In other Altria Group news, Director Ellen R. Strahlman sold 2,000 shares of the firm’s stock in a transaction on 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 owned 25,102 shares in the company, valued at $1,821,401.12. This trade represents a 7.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ennis Debra J. Kelly sold 5,790 shares of the company’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 sale, the director owned 73,809 shares of the company’s stock, valued at approximately $5,332,700.25. The trade was a 7.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

MO has been the topic of a number of research analyst reports. Bank of America raised their price objective on shares of Altria Group from $72.00 to $73.00 and gave the stock a “buy” rating in a report on Friday, April 10th. Morgan Stanley set a $71.00 price objective on Altria Group in a research note on Friday, May 1st. Stifel Nicolaus upped their target price on shares of Altria Group from $68.00 to $77.00 and gave the company a “buy” rating in a report on Friday, May 1st. Jefferies Financial Group raised their price target on Altria Group from $50.00 to $60.00 and gave the company an “underperform” rating in a report on Wednesday, May 27th. Finally, Wall Street Zen downgraded shares of Altria Group from a “buy” rating to a “hold” rating in a research report on Sunday, June 21st. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $70.78.

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.