Public Employees Retirement System of Ohio Sells 7,828 Shares of Altria Group, Inc. $MO

Public Employees Retirement System of Ohio lessened its holdings in shares of Altria Group, Inc. (NYSE:MOFree Report) by 1.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 713,739 shares of the company’s stock after selling 7,828 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Altria Group were worth $47,100,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC increased its holdings in shares of Altria Group by 64.7% in the fourth quarter. Brighton Jones LLC now owns 17,702 shares of the company’s stock worth $926,000 after acquiring an additional 6,954 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Altria Group by 86.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 6,361 shares of the company’s stock valued at $373,000 after purchasing an additional 2,946 shares in the last quarter. Schnieders Capital Management LLC. lifted its holdings in shares of Altria Group by 6.9% during the 2nd quarter. Schnieders Capital Management LLC. now owns 9,630 shares of the company’s stock valued at $565,000 after purchasing an additional 618 shares in the last quarter. Gamco Investors INC. ET AL acquired a new position in shares of Altria Group in the 2nd quarter valued at approximately $346,000. Finally, AXA S.A. bought a new stake in Altria Group during the 2nd quarter worth approximately $5,752,000. 57.41% of the stock is currently owned by institutional investors.

More Altria Group News

Here are the key news stories impacting Altria Group this week:

Insider Buying and Selling

In related news, Director Ellen R. Strahlman sold 2,000 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $72.56, for a total transaction of $145,120.00. Following the completion of the transaction, the director owned 25,102 shares in the company, valued at approximately $1,821,401.12. This represents a 7.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ennis Debra J. Kelly sold 5,790 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 73,809 shares of the company’s stock, valued at approximately $5,332,700.25. This trade represents a 7.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is owned by company insiders.

Altria Group Stock Performance

NYSE:MO opened at $72.96 on Friday. The company has a market cap of $121.84 billion, a PE ratio of 15.26, a PEG ratio of 2.60 and a beta of 0.45. Altria Group, Inc. has a 52-week low of $54.70 and a 52-week high of $75.28. The stock has a 50-day simple moving average of $71.91 and a 200 day simple moving average of $67.75.

Altria Group (NYSE:MOGet Free Report) last announced its earnings results on Thursday, April 30th. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 negative return on equity of 298.69% and a net margin of 34.34%.Altria Group’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.23 EPS. Altria Group has set its FY 2026 guidance at 5.560-5.72 EPS. On average, research analysts predict that Altria Group, Inc. will post 5.7 earnings per share for the current fiscal year.

Altria Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 15th were issued a $1.06 dividend. The ex-dividend date was Monday, June 15th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 5.8%. Altria Group’s dividend payout ratio (DPR) is 88.70%.

Wall Street Analysts Forecast Growth

Several analysts have commented on MO shares. Morgan Stanley set a $71.00 target price on shares of Altria Group in a report on Friday, May 1st. Bank of America upped their price target on shares of Altria Group from $72.00 to $73.00 and gave the company a “buy” rating in a report on Friday, April 10th. Citigroup increased their price objective on shares of Altria Group from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Weiss Ratings restated a “buy (b)” rating on shares of Altria Group in a report on Tuesday, July 14th. Finally, Wall Street Zen cut shares of Altria Group from a “buy” rating to a “hold” rating in a research report on Sunday, June 21st. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $70.78.

Get Our Latest Stock Analysis on MO

Altria Group Profile

(Free Report)

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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Institutional Ownership by Quarter for Altria Group (NYSE:MO)

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