Swiss National Bank reduced its stake in Altria Group, Inc. (NYSE:MO – Free Report) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,603,400 shares of the company’s stock after selling 252,200 shares during the period. Swiss National Bank’s holdings in Altria Group were worth $265,432,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Principal Securities Inc. grew its holdings in shares of Altria Group by 12.5% during the fourth quarter. Principal Securities Inc. now owns 73,950 shares of the company’s stock valued at $4,264,000 after buying an additional 8,205 shares during the last quarter. Mosley Wealth Management acquired a new position in shares of Altria Group during the fourth quarter valued at about $949,000. Founders Financial Alliance LLC grew its holdings in shares of Altria Group by 1.9% during the fourth quarter. Founders Financial Alliance LLC now owns 71,194 shares of the company’s stock valued at $4,105,000 after buying an additional 1,301 shares during the last quarter. Resurgent Financial Advisors LLC grew its holdings in shares of Altria Group by 46.0% during the fourth quarter. Resurgent Financial Advisors LLC now owns 20,274 shares of the company’s stock valued at $1,169,000 after buying an additional 6,392 shares during the last quarter. Finally, Great Valley Advisor Group Inc. grew its holdings in shares of Altria Group by 0.4% during the fourth quarter. Great Valley Advisor Group Inc. now owns 145,821 shares of the company’s stock valued at $8,408,000 after buying an additional 519 shares during the last quarter. 57.41% of the stock is owned by institutional investors.
Insider Activity
In other Altria Group news, Director Ellen R. Strahlman sold 2,000 shares of Altria Group stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $72.56, for a total value of $145,120.00. Following the sale, the director owned 25,102 shares of the company’s stock, valued at approximately $1,821,401.12. The trade was a 7.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ennis Debra J. Kelly sold 5,790 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $72.25, for a total transaction of $418,327.50. Following the completion of the sale, the director directly owned 73,809 shares in the company, valued at approximately $5,332,700.25. This trade represents a 7.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.10% of the company’s stock.
Altria Group Stock Performance
Altria Group (NYSE:MO – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.25 by $0.07. The business had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. Altria Group had a net margin of 34.34% and a negative return on equity of 298.69%. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.23 earnings per share. Altria Group has set its FY 2026 guidance at 5.560-5.72 EPS. Analysts forecast that Altria Group, Inc. will post 5.68 earnings per share for the current year.
Altria Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 15th will be given a $1.06 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $4.24 annualized dividend and a yield of 5.9%. Altria Group’s payout ratio is currently 88.70%.
Analyst Upgrades and Downgrades
MO has been the subject of a number of analyst reports. UBS Group lifted their price objective on shares of Altria Group from $74.00 to $76.00 and gave the company a “buy” rating in a report on Friday, May 1st. Citigroup lifted their price objective on shares of Altria Group from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Altria Group from $60.00 to $66.00 and gave the company a “hold” rating in a report on Monday, May 4th. Stifel Nicolaus lifted their price objective on shares of Altria Group from $68.00 to $77.00 and gave the company a “buy” rating in a report on Friday, May 1st. Finally, Morgan Stanley set a $71.00 price objective on shares of Altria Group in a report on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $70.44.
Read Our Latest Stock Analysis on Altria Group
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.
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