Stegent Equity Advisors Inc. Has $889,000 Position in Altria Group, Inc. $MO

Stegent Equity Advisors Inc. lessened its stake in Altria Group, Inc. (NYSE:MOFree Report) by 58.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 13,468 shares of the company’s stock after selling 18,719 shares during the period. Stegent Equity Advisors Inc.’s holdings in Altria Group were worth $889,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its stake in shares of Altria Group by 10.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 65,516,916 shares of the company’s stock valued at $3,777,931,000 after buying an additional 6,265,780 shares during the period. Marshall Wace LLP raised its position in shares of Altria Group by 286.7% during the third quarter. Marshall Wace LLP now owns 4,479,699 shares of the company’s stock worth $295,929,000 after acquiring an additional 3,321,262 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Altria Group by 19.4% during the third quarter. Ameriprise Financial Inc. now owns 19,567,823 shares of the company’s stock valued at $1,285,575,000 after acquiring an additional 3,172,753 shares during the period. SG Americas Securities LLC lifted its stake in shares of Altria Group by 438.6% during the fourth quarter. SG Americas Securities LLC now owns 3,637,678 shares of the company’s stock valued at $209,749,000 after acquiring an additional 2,962,270 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Altria Group by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 160,980,626 shares of the company’s stock valued at $9,282,143,000 after acquiring an additional 1,903,530 shares during the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Insider Activity

In other Altria Group news, Director Ellen R. Strahlman sold 2,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $72.56, for a total value of $145,120.00. Following the completion of the transaction, the director directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ennis Debra J. Kelly sold 5,790 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $72.25, for a total value 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. The trade was a 7.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.10% of the company’s stock.

Altria Group Stock Performance

Shares of NYSE MO opened at $71.55 on Thursday. Altria Group, Inc. has a 52-week low of $54.70 and a 52-week high of $74.56. The stock has a market cap of $119.48 billion, a P/E ratio of 14.97, a P/E/G ratio of 2.69 and a beta of 0.45. The firm has a 50 day moving average price of $70.77 and a 200 day moving average price of $66.13.

Altria Group (NYSE:MOGet Free Report) last posted its earnings results on Thursday, April 30th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.07. The company 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 business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the business posted $1.23 earnings per share. Altria Group has set its FY 2026 guidance at 5.560-5.72 EPS. Analysts predict that Altria Group, Inc. will post 5.68 earnings per share for the current fiscal year.

Altria Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 15th will be paid a dividend of $1.06 per share. This represents a $4.24 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Monday, June 15th. Altria Group’s dividend payout ratio (DPR) is presently 88.70%.

Analyst Ratings Changes

A number of brokerages recently commented on MO. Stifel Nicolaus lifted their price objective on Altria Group from $68.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft upped their target price on shares of Altria Group from $60.00 to $66.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Bank of America lifted their price target on shares of Altria Group from $72.00 to $73.00 and gave the stock a “buy” rating in a research report on Friday, April 10th. Jefferies Financial Group boosted their price target on shares of Altria Group from $50.00 to $60.00 and gave the stock an “underperform” rating in a research note on Wednesday, May 27th. Finally, UBS Group raised their price objective on shares of Altria Group from $74.00 to $76.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Altria Group presently has an average rating of “Hold” and a consensus price target of $70.44.

Get Our Latest Stock Report on Altria Group

Altria Group Company 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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