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MO

ALTRIA GROUP, INC.

ALTRIA GROUP, INC. (MO) has a dated report snapshot, but its current priced-in claim is temporarily suppressed because the live engine record is unavailable or has changed.

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Key Takeaways

• Altria sells Marlboro and other cigarettes plus a growing oral-tobacco line, and the surprising number is mix: nicotine pouches now make up more than 58% of oral tobacco volume, evidence the company is shifting toward smoke-free products faster than its declining-cigarette reputation suggests. [Source: Altria Q1 2026 results, 2026] • The economics are extraordinary for a business in secular decline: a 47% operating margin, more than $8 billion of annual free cash flow, and a dividend near a 6%

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Institutional ownership

2,426 institutional managers reported holding MO in 13F filings for the quarter ended 2026-03-31. Together they hold about 61% of the company; the top 10 hold 34%. 209 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 51.8M shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (6.5 days of typical volume to cover).

Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.

Capital returns

MO has cut its share count 9.5% over the past five years, spending $8.53B on repurchases. It pays a dividend, and has paid one every year in our records (18 and counting), raised 6 years straight; the current rate is $4.16 a share annually. Cash returned over the past three years: $19.00B in dividends and $5.21B in repurchases.

Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.

Insider activity

Open-market insider buys at MO over the trailing three years: 2023: 2 buys totaling $93k. 18 officers and directors are on file.

Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.

Earnings reactions

MO's recent reports: the day-one move, then what the following quarter actually did.

reportday onenext quarter
2023-04-28+1.7%-4.6%
2023-08-02-1.9%-6.5%
2023-10-27-8.2%+2.5%
2024-02-28-0.6%+6.9%

Day-one is the close-to-close move around the filing. Nothing here is investment advice.

Recent filings

MO's latest 8-K filings: 2026-05-18 (items 5.02, 5.07, 9.01); 2026-04-30 (items 2.02, 9.01); 2026-01-29 (items 8.01, 9.01); 2026-01-29 (items 2.02, 5.02, 9.01); 2025-12-11 (items 5.02, 7.01, 9.01).

Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.

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Last analyzed: July 3, 2026

For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.