Altria Group, Inc. $MO Stock Position Raised by CIBC Asset Management Inc

CIBC Asset Management Inc lifted its stake in shares of Altria Group, Inc. (NYSE:MO) by 14.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 681,361 shares of the company’s stock after purchasing an additional 84,795 shares during the period. CIBC Asset Management Inc’s holdings in Altria Group were worth $45,011,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Kercheville Advisors LLC lifted its stake in Altria Group by 3.7% during the third quarter. Kercheville Advisors LLC now owns 4,397 shares of the company’s stock valued at $290,000 after buying an additional 156 shares in the last quarter. Founders Grove Wealth Partners LLC grew its position in Altria Group by 2.9% during the 3rd quarter. Founders Grove Wealth Partners LLC now owns 5,781 shares of the company’s stock worth $382,000 after purchasing an additional 165 shares in the last quarter. Westside Investment Management Inc. raised its stake in Altria Group by 4.5% during the 2nd quarter. Westside Investment Management Inc. now owns 3,816 shares of the company’s stock valued at $224,000 after purchasing an additional 166 shares during the period. Bar Harbor Wealth Management lifted its holdings in shares of Altria Group by 3.1% in the second quarter. Bar Harbor Wealth Management now owns 5,656 shares of the company’s stock valued at $332,000 after purchasing an additional 169 shares in the last quarter. Finally, Generali Asset Management SPA SGR lifted its holdings in shares of Altria Group by 0.3% in the third quarter. Generali Asset Management SPA SGR now owns 50,805 shares of the company’s stock valued at $3,356,000 after purchasing an additional 170 shares in the last quarter. 57.41% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Altria Group

Here are the key news stories impacting Altria Group this week:

• Positive Sentiment: Investors are chasing yield: coverage highlights a ~7% dividend and frames MO as an attractive income play, supporting buying interest in the stock. Altria Yield at 7%, and the Stock Is Rising
• Positive Sentiment: Short-term price momentum: recent reports note MO is outperforming the market and closing higher on the trading day, reinforcing positive technical/flow dynamics. Altria (MO) Surpasses Market Returns
• Positive Sentiment: Earnings backdrop supportive: previews suggest Wall Street expects earnings growth and the company may have the elements for an earnings beat, which can lift sentiment into the report. Altria (MO) Reports Next Week
• Neutral Sentiment: Dividend comparison pieces and analyst notes (e.g., vs. Coca‑Cola) keep the stock in income-focused conversations — helpful for steady demand but not a catalyst alone. Altria vs. Coca-Cola
• Neutral Sentiment: Multiple outlets flag MO as a trending/actively watched stock and publish valuation/income analyses—useful for context but mixed in directional impact. Altria Is a Trending Stock Assessing Altria Valuation
• Neutral Sentiment: Reminder: the company is scheduled to report earnings soon — date reminders and previews can increase trading volume and volatility around the release. Altria Expected to Announce Earnings
• Negative Sentiment: Fundamental caution: coverage warns that past missteps and year‑over‑year revenue declines could limit upside and justify the low price, tempering longer‑term conviction. Altria: Is This High-Yield Dividend Stock Too Cheap to Ignore?

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MO. UBS Group upgraded Altria Group from a “neutral” rating to a “buy” rating and lifted their price target for the company from $61.00 to $63.00 in a report on Friday, January 9th. The Goldman Sachs Group lifted their target price on Altria Group from $65.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. Argus upgraded Altria Group to a “hold” rating in a report on Tuesday, January 13th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Altria Group in a report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $62.56.

Altria Group Stock Performance

MO opened at $61.92 on Friday. The company has a market cap of $103.95 billion, a PE ratio of 11.82, a price-to-earnings-growth ratio of 3.43 and a beta of 0.47. The stock has a 50-day moving average of $58.69 and a 200-day moving average of $61.62. Altria Group, Inc. has a 52-week low of $50.08 and a 52-week high of $68.60.

Altria Group (NYSE:MO) last posted its earnings results on Thursday, October 30th. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.01. Altria Group had a negative return on equity of 319.43% and a net margin of 37.89%.The firm had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.31 billion. During the same period in the previous year, the company earned $1.38 EPS. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. Altria Group has set its FY 2025 guidance at 5.370-5.45 EPS. On average, research analysts predict that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group declared that its board has authorized a stock repurchase program on Thursday, October 30th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the company to reacquire up to 1.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Altria Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 26th were paid a $1.06 dividend. The ex-dividend date was Friday, December 26th. This represents a $4.24 dividend on an annualized basis and a yield of 6.8%. Altria Group’s dividend payout ratio (DPR) is presently 80.92%.

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.