Zions Bancorporation National Association UT Has $3.81 Million Stock Position in Altria Group, Inc. $MO

Zions Bancorporation National Association UT lifted its stake in shares of Altria Group, Inc. (NYSE:MO) by 35.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,972 shares of the company’s stock after purchasing an additional 13,841 shares during the period. Zions Bancorporation National Association UT’s holdings in Altria Group were worth $3,811,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Illinois Municipal Retirement Fund increased its holdings in shares of Altria Group by 7.1% during the 4th quarter. Illinois Municipal Retirement Fund now owns 668,243 shares of the company’s stock worth $38,531,000 after acquiring an additional 44,267 shares during the last quarter. Procyon Advisors LLC lifted its holdings in Altria Group by 59.3% during the 1st quarter. Procyon Advisors LLC now owns 38,926 shares of the company’s stock valued at $2,569,000 after purchasing an additional 14,490 shares during the last quarter. Rayburn West Financial Services LLC bought a new position in Altria Group during the fourth quarter worth $2,438,000. North Dakota State Investment Board bought a new position in Altria Group during the fourth quarter worth $3,336,000. Finally, International Assets Investment Management LLC increased its holdings in shares of Altria Group by 206.7% in the fourth quarter. International Assets Investment Management LLC now owns 75,573 shares of the company’s stock valued at $4,358,000 after purchasing an additional 50,931 shares during the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Price Performance

MO stock opened at $65.72 on Monday. The stock has a market capitalization of $109.74 billion, a price-to-earnings ratio of 13.86, a PEG ratio of 2.33 and a beta of 0.46. The business’s fifty day moving average price is $70.83 and its two-hundred day moving average price is $68.73. Altria Group, Inc. has a fifty-two week low of $54.70 and a fifty-two week high of $77.06.

Altria Group (NYSE:MO) last posted its earnings results on Thursday, July 30th. The company reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.02). The firm had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.35 billion. Altria Group had a negative return on equity of 315.29% and a net margin of 33.99%.The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.44 EPS. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. Research analysts expect that Altria Group, Inc. will post 5.67 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Barclays dropped their price objective on shares of Altria Group from $64.00 to $58.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 11th. Morgan Stanley set a $71.00 target price on shares of Altria Group in a report on Friday, May 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Altria Group in a research note on Tuesday, July 14th. Wall Street Zen downgraded shares of Altria Group from a “buy” rating to a “hold” rating in a research report on Sunday, June 21st. Finally, Jefferies Financial Group boosted their price objective on Altria Group from $50.00 to $60.00 and gave the stock an “underperform” rating in a report on Wednesday, May 27th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $70.11.

Insider Activity

In other Altria Group news, Director Ellen R. Strahlman sold 2,000 shares of Altria Group stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $72.56, for a total value of $145,120.00. Following the completion of the sale, the director owned 25,102 shares in the company, valued at $1,821,401.12. The trade was a 7.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ennis Debra J. 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 transaction of $418,327.50. Following the completion of the sale, the director directly owned 73,809 shares of the company’s stock, valued at $5,332,700.25. This represents 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 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.