Tocqueville Asset Management L.P. Buys New Stake in Altria Group, Inc. $MO

Posted by Brian Himes on Aug 23rd, 2026

Tocqueville Asset Management L.P. bought a new stake in Altria Group, Inc. (NYSE:MO – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,260 shares of the company’s stock, valued at approximately $738,000.

A number of other institutional investors and hedge funds have also bought and sold shares of MO. Charles Schwab Investment Management Inc. raised its stake in Altria Group by 10.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 65,516,916 shares of the company’s stock valued at $3,777,931,000 after purchasing an additional 6,265,780 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Altria Group by 3,691.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 3,606,561 shares of the company’s stock worth $259,492,000 after purchasing an additional 3,511,430 shares during the last quarter. Marshall Wace LLP grew its position in Altria Group by 286.7% in the 3rd quarter. Marshall Wace LLP now owns 4,479,699 shares of the company’s stock worth $295,929,000 after purchasing an additional 3,321,262 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Altria Group by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 160,980,626 shares of the company’s stock worth $9,282,143,000 after purchasing an additional 1,903,530 shares during the period. Finally, Bank of Nova Scotia increased its holdings in shares of Altria Group by 301.4% during the 4th quarter. Bank of Nova Scotia now owns 2,416,142 shares of the company’s stock worth $139,315,000 after purchasing an additional 1,814,224 shares during the period. Institutional investors own 57.41% of the company’s stock.

Altria Group Price Performance

Shares of Altria Group stock opened at $65.87 on Friday. The firm has a market capitalization of $109.99 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 2.34 and a beta of 0.46. The company’s fifty day moving average price is $70.20 and its two-hundred day moving average price is $68.81. Altria Group, Inc. has a 52-week low of $54.70 and a 52-week high of $77.06.

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

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Citigroup upped their price objective on shares of Altria Group from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. The Goldman Sachs Group restated a “buy” rating and set a $77.00 price target on shares of Altria Group in a research note on Thursday, April 30th. BTIG Research began coverage on Altria Group in a research note on Tuesday, July 21st. They set a “neutral” rating on the stock. Morgan Stanley set a $71.00 price target on Altria Group in a report on Friday, May 1st. Finally, Barclays reduced their price objective on Altria Group from $64.00 to $58.00 and set an “underweight” rating for the company in a research report on Tuesday, August 11th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Altria Group presently has an average rating of “Hold” and an average target price of $70.11.

View Our Latest Report on Altria Group

Insider Transactions at Altria Group

In other Altria Group news, Director Ennis Debra J. Kelly sold 5,790 shares of the firm’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 transaction, the director owned 73,809 shares in the company, valued at $5,332,700.25. This trade represents a 7.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ellen R. Strahlman sold 2,000 shares of Altria Group 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 sale, the director directly owned 25,102 shares in the company, valued at $1,821,401.12. The trade was a 7.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.10% of the company’s stock.

About Altria Group

(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.