Sapient Capital LLC cut its holdings in shares of Altria Group, Inc. (NYSE:MO – Free Report) by 14.0% in the first quarter, HoldingsChannel.com reports. The firm owned 46,145 shares of the company’s stock after selling 7,506 shares during the quarter. Sapient Capital LLC’s holdings in Altria Group were worth $3,094,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Darwin Wealth Management LLC acquired a new position in Altria Group in the second quarter valued at about $27,000. Navalign LLC acquired a new position in shares of Altria Group in the 4th quarter worth approximately $28,000. Creative Capital Management Investments LLC purchased a new position in shares of Altria Group during the 4th quarter worth approximately $29,000. Hughes Financial Services LLC increased its holdings in Altria Group by 62.9% in the 4th quarter. Hughes Financial Services LLC now owns 510 shares of the company’s stock valued at $29,000 after purchasing an additional 197 shares during the last quarter. Finally, Miller Capital Partners Inc. purchased a new stake in Altria Group in the fourth quarter valued at approximately $29,000. 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 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 sale, the director directly owned 25,102 shares in the company, valued at $1,821,401.12. This trade represents a 7.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ennis Debra J. Kelly sold 5,790 shares of the company’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 owned 73,809 shares of the company’s stock, valued at $5,332,700.25. This represents a 7.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.10% of the company’s stock.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on MO
Altria Group Stock Performance
MO opened at $68.25 on Tuesday. Altria Group, Inc. has a one year low of $54.70 and a one year high of $77.06. The company has a market cap of $113.96 billion, a P/E ratio of 14.40, a PEG ratio of 2.47 and a beta of 0.46. The business’s 50-day simple moving average is $71.61 and its 200-day simple moving average is $68.43.
Altria Group (NYSE:MO – Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.50 by ($0.02). The business had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $5.35 billion. Altria Group had a negative return on equity of 315.29% and a net margin of 33.99%.Altria Group’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.44 EPS. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. As a group, analysts predict that Altria Group, Inc. will post 5.68 earnings per share for the current fiscal year.
Altria Group Announces Dividend
The business also recently announced 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 annualized dividend and a dividend yield of 6.2%. Altria Group’s dividend payout ratio is presently 89.45%.
About Altria Group
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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