New York State Teachers Retirement System Has $102.38 Million Stock Holdings in Altria Group, Inc. $MO

by · The Cerbat Gem

New York State Teachers Retirement System decreased its stake in Altria Group, Inc. (NYSE:MO – Free Report) by 5.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,549,725 shares of the company’s stock after selling 91,756 shares during the quarter. New York State Teachers Retirement System owned 0.09% of Altria Group worth $102,375,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Global X Japan Co. Ltd. purchased a new position in shares of Altria Group in the second quarter worth approximately $25,000. Carderock Capital Management Inc. acquired a new position in Altria Group in the 2nd quarter worth approximately $26,000. Darwin Wealth Management LLC purchased a new position in Altria Group during the 2nd quarter worth approximately $27,000. Country Trust Bank grew its position in Altria Group by 400.0% during the 2nd quarter. Country Trust Bank now owns 500 shares of the company’s stock worth $29,000 after purchasing an additional 400 shares in the last quarter. Finally, Anfield Capital Management LLC raised its stake in Altria Group by 334.7% during the 2nd quarter. Anfield Capital Management LLC now owns 539 shares of the company’s stock valued at $32,000 after purchasing an additional 415 shares during the period. Institutional investors and hedge funds own 57.41% of the company’s stock.

Wall Street Analyst Weigh In

MO has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Altria Group in a research report on Wednesday, October 8th. The Goldman Sachs Group raised their price objective on Altria Group from $65.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Finally, UBS Group raised Altria Group from a “neutral” rating to a “buy” rating and lifted their target price for the company from $61.00 to $63.00 in a research note on Friday. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Altria Group presently has an average rating of “Hold” and an average price target of $62.56.

Get Our Latest Stock Analysis on Altria Group

Altria Group Price Performance

Shares of MO stock opened at $57.54 on Friday. Altria Group, Inc. has a fifty-two week low of $50.08 and a fifty-two week high of $68.60. The stock’s 50-day moving average is $58.01 and its two-hundred day moving average is $61.49. The firm has a market cap of $96.59 billion, a P/E ratio of 10.98, a PEG ratio of 3.19 and a beta of 0.47.

Altria Group (NYSE:MO – Get Free Report) last announced its quarterly earnings results on Thursday, October 30th. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.01. Altria Group had a negative return on equity of 319.43% and a net margin of 37.89%.The business had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.31 billion. During the same period in the previous year, the company earned $1.38 EPS. The firm’s revenue was down 3.0% on a year-over-year basis. Altria Group has set its FY 2025 guidance at 5.370-5.45 EPS. As a group, research analysts expect that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group declared that its board has authorized a stock buyback plan on Thursday, October 30th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 1.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Altria Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 26th were paid a dividend of $1.06 per share. The ex-dividend date was Friday, December 26th. This represents a $4.24 annualized dividend and a dividend yield of 7.4%. Altria Group’s dividend payout ratio is 80.92%.

Altria Group Company Profile

(Free Report)

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.

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