Y Intercept Hong Kong Ltd lessened its position in Altria Group, Inc. (NYSE:MO – Free Report) by 80.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,216 shares of the company’s stock after selling 155,925 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Altria Group were worth $2,522,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in Altria Group by 64.7% during the 4th quarter. Brighton Jones LLC now owns 17,702 shares of the company’s stock valued at $926,000 after acquiring an additional 6,954 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Altria Group by 86.3% during the second 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 during the period. Schnieders Capital Management LLC. increased its holdings in shares of Altria Group by 6.9% during the second 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 during the period. Gamco Investors INC. ET AL bought a new stake in shares of Altria Group during the second quarter valued at about $346,000. Finally, AXA S.A. acquired a new stake in Altria Group in the second quarter worth about $5,752,000. 57.41% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, Director Ellen R. Strahlman sold 2,000 shares of Altria Group 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 transaction, the director owned 25,102 shares of the company’s stock, valued at approximately $1,821,401.12. This trade represents a 7.38% decrease in their position. 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 business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $72.25, for a total value of $418,327.50. Following the sale, the director owned 73,809 shares in the company, valued at approximately $5,332,700.25. The trade was 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 insiders.
Altria Group Price Performance
Altria Group (NYSE:MO – Get Free Report) last released its earnings results on Thursday, April 30th. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.25 by $0.07. The business had revenue of $4.76 billion during 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 quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.23 earnings per share. Altria Group has set its FY 2026 guidance at 5.560-5.72 EPS. As a group, equities research analysts forecast that Altria Group, Inc. will post 5.68 EPS for the current fiscal year.
Altria Group Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 15th will be issued a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date is Monday, June 15th. Altria Group’s payout ratio is presently 88.70%.
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. The Goldman Sachs Group reissued a “buy” rating and set a $77.00 target price on shares of Altria Group in a research note on Thursday, April 30th. Stifel Nicolaus upped their price target on shares of Altria Group from $68.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Morgan Stanley set a $71.00 price objective on shares of Altria Group in a report on Friday, May 1st. Citigroup boosted their target price on Altria Group from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Finally, Barclays upped their target price on Altria Group from $63.00 to $64.00 and gave the stock an “underweight” rating in a research report on Friday, May 15th. 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’s stock. Based on data from MarketBeat, Altria Group has a consensus rating of “Hold” and a consensus price target of $70.78.
Check Out Our Latest Stock Analysis on MO
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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