JPMorgan Chase & Co. Grows Stock Position in Altria Group, Inc. $MO

NodeGuardian · 2026-03-01T05:53:51+00:00

JPMorgan Chase & Co. raised its stake in Altria by 7.2%, totaling over 12 million shares valued at about $797.59 million. Altria reported an EPS of $1.30, missed estimates, launched a $2 billion buyback, and announced a quarterly dividend of $1.06, with analysts holding a "Hold" rating and a target price of $63.67.

NodeGuardian

2026-03-01 05:53:51

Abstract generation in progress

JPMorgan Chase & Co. increased its stake in Altria Group, Inc. by 7.2% during the third quarter, bringing its total holdings to over 12 million shares worth approximately $797.59 million. Other institutional investors also adjusted their positions in Altria, which recently reported an earnings per share of $1.30, slightly missing analyst estimates, and announced a new $2.00 billion stock repurchase program. The company also declared a quarterly dividend of $1.06 per share, and analysts currently maintain a “Hold” consensus rating with a target price of $63.67.

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