Keybank National Association OH Has $12.05 Million Stake in Altria Group, Inc. $MO

Keybank National Association OH increased its stake in Altria Group, Inc. (NYSE:MO) by 25.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 182,682 shares of the company’s stock after purchasing an additional 36,643 shares during the quarter. Keybank National Association OH’s holdings in Altria Group were worth $12,055,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Darwin Wealth Management LLC bought a new position in Altria Group during the second quarter worth $27,000. Navalign LLC bought a new stake in Altria Group in the fourth quarter valued at $28,000. Creative Capital Management Investments LLC acquired a new position in shares of Altria Group during the fourth quarter valued at about $29,000. Hughes Financial Services LLC raised its holdings in shares of Altria Group by 62.9% during the fourth 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 period. Finally, Miller Capital Partners Inc. bought a new position in shares of Altria Group during the 4th quarter worth about $29,000. Institutional investors and hedge funds own 57.41% of the company’s stock.

Insider Activity at Altria Group

In other Altria Group news, Director Ennis Debra J. Kelly sold 5,790 shares of the firm’s stock in a transaction on 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 directly owned 73,809 shares in the company, valued at approximately $5,332,700.25. This trade represents a 7.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ellen R. Strahlman sold 2,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were 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 in the company, valued at approximately $1,821,401.12. This trade represents a 7.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is owned by insiders.

Altria Group Price Performance

MO opened at $72.77 on Friday. Altria Group, Inc. has a fifty-two week low of $54.70 and a fifty-two week high of $74.56. The firm has a market capitalization of $121.51 billion, a PE ratio of 15.22, a P/E/G ratio of 2.72 and a beta of 0.45. The company’s 50-day moving average is $71.08 and its 200 day moving average is $66.27.

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

Altria Group Dividend Announcement

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 given a dividend of $1.06 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $4.24 annualized dividend and a dividend yield of 5.8%. Altria Group’s payout ratio is presently 88.70%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Jefferies Financial Group raised their target price on Altria Group from $50.00 to $60.00 and gave the company an “underperform” rating in a research note on Wednesday, May 27th. Bank of America upped their price target on Altria Group from $72.00 to $73.00 and gave the stock a “buy” rating in a research note on Friday, April 10th. The Goldman Sachs Group reissued a “buy” rating and issued a $77.00 price objective on shares of Altria Group in a research note on Thursday, April 30th. Morgan Stanley set a $71.00 price objective on Altria Group in a report on Friday, May 1st. Finally, Citigroup upped their target price on Altria Group from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $70.44.

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.