PNC Financial Services Group Inc. Has $127.74 Million Position in Altria Group, Inc. $MO

PNC Financial Services Group Inc. raised its holdings in Altria Group, Inc. (NYSE:MO) by 2.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,935,764 shares of the company’s stock after acquiring an additional 49,416 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Altria Group were worth $127,741,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Cornerstone Planning Group LLC raised its position in shares of Altria Group by 5.8% during the 1st quarter. Cornerstone Planning Group LLC now owns 2,619 shares of the company’s stock valued at $191,000 after acquiring an additional 143 shares during the last quarter. Johnson & White Wealth Management LLC lifted its stake in shares of Altria Group by 1.2% in the 4th quarter. Johnson & White Wealth Management LLC now owns 12,704 shares of the company’s stock valued at $733,000 after purchasing an additional 154 shares during the period. Kanawha Capital Management LLC boosted its position in shares of Altria Group by 0.8% in the 4th quarter. Kanawha Capital Management LLC now owns 19,546 shares of the company’s stock worth $1,127,000 after purchasing an additional 160 shares during the last quarter. Strategic Advisors LLC boosted its position in shares of Altria Group by 2.0% in the 4th quarter. Strategic Advisors LLC now owns 8,243 shares of the company’s stock worth $475,000 after purchasing an additional 160 shares during the last quarter. Finally, Patten Group Inc. grew its stake in shares of Altria Group by 4.0% during the first quarter. Patten Group Inc. now owns 4,165 shares of the company’s stock worth $275,000 after purchasing an additional 160 shares during the period. 57.41% of the stock is owned by institutional investors.

Altria Group Stock Down 1.0%

Shares of MO stock opened at $72.27 on Thursday. Altria Group, Inc. has a 12-month low of $54.70 and a 12-month high of $75.28. The firm has a market capitalization of $120.69 billion, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of 2.64 and a beta of 0.45. The firm has a fifty day moving average of $71.92 and a 200-day moving average of $67.61.

Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.32 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 analysts’ expectations of $4.58 billion. Altria Group had a net margin of 34.34% and a negative return on equity of 298.69%. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.23 EPS. Altria Group has set its FY 2026 guidance at 5.560-5.72 EPS. Research analysts expect that Altria Group, Inc. will post 5.7 earnings per share for the current year.

Altria Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 15th were issued a $1.06 dividend. This represents a $4.24 annualized dividend and a dividend yield of 5.9%. The ex-dividend date was Monday, June 15th. Altria Group’s dividend payout ratio is 88.70%.

Insider Activity

In other news, Director Ennis Debra J. Kelly sold 5,790 shares of Altria Group 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ellen R. Strahlman sold 2,000 shares of the business’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 owned 25,102 shares of the company’s stock, valued at $1,821,401.12. This represents a 7.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Barclays upped their price objective on Altria Group from $63.00 to $64.00 and gave the company an “underweight” rating in a report on Friday, May 15th. Wall Street Zen cut Altria Group from a “buy” rating to a “hold” rating in a report on Sunday, June 21st. Deutsche Bank Aktiengesellschaft boosted their target price on Altria Group from $60.00 to $66.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $77.00 price target on shares of Altria Group in a research note on Thursday, April 30th. Finally, BTIG Research started coverage on shares of Altria Group in a research report on Tuesday. They issued a “neutral” rating on the stock. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $70.78.

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.