Altria Group, Inc. $MO Shares Sold by 111 Capital

111 Capital reduced its holdings in Altria Group, Inc. (NYSE:MO) by 50.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 9,359 shares of the company’s stock after selling 9,578 shares during the quarter. 111 Capital’s holdings in Altria Group were worth $540,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of MO. Marshall Wace LLP increased its stake in Altria Group by 286.7% in the 3rd quarter. Marshall Wace LLP now owns 4,479,699 shares of the company’s stock valued at $295,929,000 after purchasing an additional 3,321,262 shares in the last quarter. Ameriprise Financial Inc. increased its position in Altria Group by 19.4% during the third quarter. Ameriprise Financial Inc. now owns 19,567,823 shares of the company’s stock worth $1,285,575,000 after buying an additional 3,172,753 shares in the last quarter. SG Americas Securities LLC increased its position in Altria Group by 438.6% during the fourth quarter. SG Americas Securities LLC now owns 3,637,678 shares of the company’s stock worth $209,749,000 after buying an additional 2,962,270 shares in the last quarter. Vanguard Group Inc. increased its position in Altria Group by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 160,980,626 shares of the company’s stock worth $9,282,143,000 after buying an additional 1,903,530 shares in the last quarter. Finally, Freestone Grove Partners LP purchased a new position in Altria Group during the third quarter worth $89,460,000. 57.41% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Altria Group

In other Altria Group news, 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 transaction of $418,327.50. Following the transaction, the director owned 73,809 shares in the company, valued at $5,332,700.25. The trade was a 7.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 sale, the director directly owned 25,102 shares in the company, valued at approximately $1,821,401.12. The trade was a 7.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.10% of the company’s stock.

Altria Group Trading Up 2.4%

Shares of Altria Group stock opened at $72.32 on Friday. Altria Group, Inc. has a twelve month low of $54.70 and a twelve month high of $74.56. The stock has a market capitalization of $120.77 billion, a P/E ratio of 15.13, a PEG ratio of 2.70 and a beta of 0.46. The business’s fifty day moving average price is $68.80 and its 200 day moving average price is $64.45.

Altria Group (NYSE:MO) last issued its earnings results on Thursday, April 30th. The company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.07. Altria Group had a negative return on equity of 298.69% and a net margin of 34.34%.The firm had revenue of $4.76 billion for the quarter, compared to analysts’ expectations of $4.58 billion. During the same quarter last year, the firm earned $1.23 earnings per share. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. Altria Group has set its FY 2026 guidance at 5.560-5.72 EPS. As a group, sell-side analysts predict that Altria Group, Inc. will post 5.68 EPS for the current year.

Altria Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 15th will be paid a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Monday, June 15th. Altria Group’s payout ratio is currently 88.70%.

Wall Street Analyst Weigh In

Several research firms have weighed in on MO. Morgan Stanley set a $71.00 price target on Altria Group in a research report on Friday, May 1st. Jefferies Financial Group raised their price target on Altria Group from $50.00 to $60.00 and gave the stock an “underperform” rating in a research report on Wednesday, May 27th. Stifel Nicolaus raised their price target on Altria Group from $68.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Wall Street Zen downgraded Altria Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Bank of America raised their price target on Altria Group from $72.00 to $73.00 and gave the stock a “buy” rating in a research report on Friday, April 10th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Altria Group currently has a consensus rating of “Hold” and a consensus target price of $70.44.

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.