Zions Bancorporation National Association UT Buys 13,841 Shares of 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 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 52,972 shares of the company’s stock after purchasing an additional 13,841 shares during the quarter. Zions Bancorporation National Association UT’s holdings in Altria Group were worth $3,811,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Brighton Jones LLC lifted its position in Altria Group by 64.7% during the fourth quarter. Brighton Jones LLC now owns 17,702 shares of the company’s stock worth $926,000 after purchasing an additional 6,954 shares during the period. Sivia Capital Partners LLC increased its holdings in Altria Group by 86.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 6,361 shares of the company’s stock valued at $373,000 after buying an additional 2,946 shares during the period. Schnieders Capital Management LLC. increased its holdings in Altria Group by 6.9% in the 2nd quarter. Schnieders Capital Management LLC. now owns 9,630 shares of the company’s stock valued at $565,000 after buying an additional 618 shares during the period. Gamco Investors INC. ET AL acquired a new position in shares of Altria Group in the 2nd quarter valued at approximately $346,000. Finally, AXA S.A. acquired a new position in shares of Altria Group in the 2nd quarter valued at approximately $5,752,000. Institutional investors own 57.41% of the company’s stock.

Insider Activity at Altria Group

In other Altria Group news, Director Ellen R. Strahlman sold 2,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 25,102 shares in the company, valued at approximately $1,821,401.12. This represents a 7.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ennis Debra J. Kelly sold 5,790 shares of Altria Group 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 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 disclosure for this sale is available in the SEC filing. Corporate insiders own 0.10% of the company’s stock.

Altria Group Stock Performance

Shares of MO opened at $65.72 on Monday. Altria Group, Inc. has a 52 week low of $54.70 and a 52 week high of $77.06. 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 stock has a fifty day moving average of $70.83 and a 200-day moving average of $68.73.

Altria Group (NYSE:MO) last issued its quarterly earnings data 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). Altria Group had a negative return on equity of 315.29% and a net margin of 33.99%.The firm had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $5.35 billion. During the same quarter in the prior year, the firm earned $1.44 EPS. The company’s revenue was up 1.2% on a year-over-year basis. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. As a group, equities analysts forecast that Altria Group, Inc. will post 5.67 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on MO shares. Weiss Ratings reissued a “buy (b)” rating on shares of Altria Group in a research note on Tuesday, July 14th. Wall Street Zen cut Altria Group from a “buy” rating to a “hold” rating in a research note on Sunday, June 21st. Citigroup raised their target price on Altria Group from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Jefferies Financial Group lifted their price target on Altria Group from $50.00 to $60.00 and gave the company an “underperform” rating in a research note on Wednesday, May 27th. Finally, UBS Group boosted their price target on Altria Group from $76.00 to $79.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $70.11.

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.