Vanguard Trims Altria Stake to 10.9% as of Dec 29, 2023

TL;DR

**Vanguard still owns a huge chunk of Altria, but slightly less than before.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership in Altria Group Inc. As of December 29, 2023, Vanguard holds 10.9% of Altria's Common Stock, totaling 192,896,207 shares. This represents a slight decrease from its previous reported stake, indicating a minor adjustment in Vanguard's passive investment strategy for Altria. For investors, this shows that a significant institutional holder maintains a substantial, albeit slightly reduced, position in Altria, which can influence market perception and stability.

Why It Matters

This filing shows that a major institutional investor, The Vanguard Group, still holds a significant portion of Altria, providing a vote of confidence, even with a slight reduction in their stake.

Risk Assessment

Risk Level: low — The filing indicates a minor adjustment by a passive investor, not a significant divestment that would signal major concerns.

Analyst Insight

Investors should note that while Vanguard remains a major holder, the slight reduction in its stake suggests a minor rebalancing rather than a bearish outlook, so monitor future filings for any significant changes in institutional ownership.

Key Numbers

• 192,896,207 — Shares Owned (The total number of Altria Common Stock shares beneficially owned by The Vanguard Group.)
• 10.9% — Ownership Percentage (The percentage of Altria's Common Stock owned by The Vanguard Group, indicating a significant institutional stake.)

Key Players & Entities

• The Vanguard Group (company) — the reporting person and a major investment firm
• Altria Group Inc (company) — the issuer of the securities
• 192,896,207 (dollar_amount) — number of shares of Common Stock beneficially owned by Vanguard
• 10.9% (dollar_amount) — percentage of Altria's Common Stock owned by Vanguard
• December 29, 2023 (date) — the date of the event requiring the filing

Forward-Looking Statements

• Vanguard will maintain a significant, passive stake in Altria, continuing its long-term investment strategy. (The Vanguard Group) — high confidence, target: December 29, 2024

FAQ

From the Filing

0001104659-24-020241.txt : 20240213 0001104659-24-020241.hdr.sgml : 20240213 20240213165848 ACCESSION NUMBER: 0001104659-24-020241 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ALTRIA GROUP, INC. CENTRAL INDEX KEY: 0000764180 STANDARD INDUSTRIAL CLASSIFICATION: CIGARETTES [2111] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 133260245 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-45567 FILM NUMBER: 24627337 BUSINESS ADDRESS: STREET 1: 6601 WEST BROAD STREET CITY: RICHMOND STATE: VA ZIP: 23230 BUSINESS PHONE: (804) 274-2200 MAIL ADDRESS: STREET 1: 6601 WEST BROAD STREET CITY: RICHMOND STATE: VA ZIP: 23230 FORMER COMPANY: FORMER CONFORMED NAME: ALTRIA GROUP INC DATE OF NAME CHANGE: 20030127 FORMER COMPANY: FORMER CONFORMED NAME: PHILIP MORRIS COMPANIES INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv0244-altriagroupinc.htm SCHEDULE 13G/A altriagroupinc SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 9)* Name of issuer:  Altria Group Inc Title of Class of Securities:  Common Stock CUSIP Number:  02209S103 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ Rule 13d-1(b) ☐ Rule 13d-1(c) ☐ Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). (Continued on the following page(s))     13G CUSIP No.:  02209S103 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 2,153,685 7.  SOLE DISPOSITIVE POWER 152,133,883 8.  SHARED DISPOSITIVE POWER 7,567,286 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 159,701,169 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 9.03% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 Item 1(a) - Name of Issuer: Altria Group Inc Item 1(b) - Address of Issuer's Principal Executive Offices: 6601 West Broad Street Richmond, VA 23230 Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930 Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355 It