PNC Financial Services Group Inc. Sells 11,604 Shares of Altria Group, Inc. $MO

PNC Financial Services Group Inc. trimmed its holdings in shares of Altria Group, Inc. (NYSE:MO) by 0.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,886,348 shares of the company’s stock after selling 11,604 shares during the period. PNC Financial Services Group Inc.’s holdings in Altria Group were worth $108,767,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Darwin Wealth Management LLC bought a new position in Altria Group during the 2nd quarter valued at approximately $27,000. Navalign LLC bought a new stake in Altria Group in the fourth quarter worth $28,000. Creative Capital Management Investments LLC bought a new stake in Altria Group in the fourth quarter worth $29,000. EMC Capital Management bought a new position in Altria Group in the 3rd quarter worth about $33,000. Finally, Elevation Wealth Partners LLC lifted its stake in shares of Altria Group by 79.0% in the fourth quarter. Elevation Wealth Partners LLC now owns 630 shares of the company’s stock worth $36,000 after buying an additional 278 shares in the last quarter. 57.41% of the stock is owned by institutional investors.

Altria Group Trading Down 0.8%

NYSE:MO opened at $73.37 on Thursday. The company has a market cap of $122.52 billion, a PE ratio of 15.35, a price-to-earnings-growth ratio of 2.77 and a beta of 0.48. The company has a 50 day simple moving average of $67.43 and a two-hundred day simple moving average of $63.31. Altria Group, Inc. has a 12 month low of $54.70 and a 12 month high of $74.56.

Altria Group (NYSE:MO) last released its quarterly earnings results on Thursday, April 30th. The company reported $1.32 earnings per share 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 company’s revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.23 EPS. Altria Group has set its FY 2026 guidance at 5.560-5.72 EPS. Research analysts forecast that Altria Group, Inc. will post 5.68 earnings per share for the current year.

Altria Group Dividend Announcement

The company also recently declared 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 5.8%. The ex-dividend date is Monday, June 15th. Altria Group’s payout ratio is currently 88.70%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Morgan Stanley set a $71.00 price target on shares of Altria Group in a report on Friday, May 1st. Citigroup upped their price objective on Altria Group from $65.00 to $70.00 and gave the company a “neutral” 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 note on Saturday, May 16th. Jefferies Financial Group lifted their target price on Altria Group from $47.00 to $50.00 and gave the stock an “underperform” rating in a report on Wednesday, March 4th. Finally, Stifel Nicolaus boosted their price target on Altria Group from $68.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Altria Group has an average rating of “Hold” and an average target price of $69.33.

Insider Activity at Altria Group

In other news, SVP Charles N. Whitaker sold 27,908 shares of the stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $67.57, for a total value of $1,885,743.56. Following the transaction, the senior vice president owned 180,869 shares in the company, valued at $12,221,318.33. This represents a 13.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is owned by insiders.

Altria Group Company 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.