BlackRock Reaffirms Significant Passive Stake in Altria Group
Ticker: MO · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 764180
| Field | Detail |
|---|---|
| Company | Altria Group, INC. (MO) |
| Form Type | SC 13G/A |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, equity-stake
TL;DR
**BlackRock still owns a big chunk of Altria, signaling institutional confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 26, 2024, disclosing its ownership of Altria Group Inc. (MO) common stock as of December 31, 2023. This filing indicates that BlackRock continues to hold a significant passive stake in Altria, reaffirming its position as a major institutional investor. For investors, this means a large, influential fund manager maintains confidence in Altria, which can be a positive signal for the stock's stability and long-term outlook.
Why It Matters
This filing shows that a major institutional investor, BlackRock, continues to hold a substantial position in Altria, signaling ongoing confidence in the company's value.
Risk Assessment
Risk Level: low — This is a routine amendment by a passive investor, indicating stability rather than a significant change in risk.
Analyst Insight
Investors should note that BlackRock's continued passive ownership suggests institutional confidence in Altria, but this filing alone doesn't indicate any new strategic moves or significant changes in the company's outlook.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Altria Group Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 26, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934.
Who is the subject company of this filing?
The subject company is ALTRIA GROUP INC, with CIK 0000764180 and business address 6601 WEST BROAD STREET, RICHMOND, VA 23230.
Who is the entity that filed this SC 13G/A?
The entity that filed this SC 13G/A is BlackRock Inc., with CIK 0001364742 and business address 50 HUDSON YARDS, NEW YORK, NY 10001.
What is the CUSIP number for the securities reported in this filing?
The CUSIP number for the Common Stock of Altria Group Inc. is 02209S103.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding ALTRIA GROUP, INC. (MO).