Ennis Debra Kelly Sells 5,790 Shares of Altria Group (NYSE:MO) Stock

by · The Cerbat Gem

Altria Group, Inc. (NYSE:MOGet Free Report) Director Ennis Debra 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 owned 73,809 shares in the company, valued at $5,332,700.25. This trade represents a 7.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Altria Group Stock Down 3.2%

Shares of MO stock opened at $69.63 on Friday. The stock has a market capitalization of $116.28 billion, a PE ratio of 14.57, a price-to-earnings-growth ratio of 2.69 and a beta of 0.48. Altria Group, Inc. has a 52-week low of $54.70 and a 52-week high of $74.56. The stock’s 50-day moving average price is $68.21 and its 200 day moving average price is $64.02.

Altria Group (NYSE:MOGet Free Report) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.07. The firm had revenue of $4.76 billion for the quarter, compared to analysts’ expectations of $4.58 billion. Altria Group had a negative return on equity of 298.69% and a net margin of 34.34%.The firm’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 EPS. Altria Group has set its FY 2026 guidance at 5.560-5.72 EPS. Analysts expect that Altria Group, Inc. will post 5.68 earnings per share for the current fiscal year.

Altria Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 15th will be given a dividend of $1.06 per share. The ex-dividend date is Monday, June 15th. This represents a $4.24 annualized dividend and a yield of 6.1%. Altria Group’s payout ratio is presently 88.70%.

Institutional Investors Weigh In On Altria Group

Several institutional investors have recently modified their holdings of the company. Viking Fund Management LLC lifted its stake in shares of Altria Group by 14.1% during the 4th quarter. Viking Fund Management LLC now owns 202,000 shares of the company’s stock worth $11,647,000 after purchasing an additional 25,000 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Altria Group by 7.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 12,073,682 shares of the company’s stock worth $797,587,000 after purchasing an additional 814,665 shares during the period. Public Sector Pension Investment Board lifted its stake in shares of Altria Group by 13.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 144,725 shares of the company’s stock worth $9,561,000 after purchasing an additional 17,429 shares during the period. US Bancorp DE lifted its stake in shares of Altria Group by 3.2% during the 3rd quarter. US Bancorp DE now owns 603,834 shares of the company’s stock worth $39,889,000 after purchasing an additional 18,626 shares during the period. Finally, Peterson Wealth Services purchased a new position in shares of Altria Group during the 3rd quarter worth $3,926,000. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. The Goldman Sachs Group reiterated a “buy” rating and set a $77.00 target price on shares of Altria Group in a research report on Thursday, April 30th. Jefferies Financial Group boosted their price target on Altria Group from $50.00 to $60.00 and gave the stock an “underperform” rating in a research note on Wednesday. Wall Street Zen lowered Altria Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. UBS Group boosted their price target on Altria Group from $74.00 to $76.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Finally, Citigroup boosted their price target on Altria Group from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $70.44.

View Our Latest Stock Report on MO

Altria Group Company Profile

(Get 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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