OneAscent Financial Services LLC bought a new position in Altria Group, Inc. (NYSE:MO – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,610 shares of the company’s stock, valued at approximately $619,000.
Other large investors have also recently added to or reduced their stakes in the company. Comprehensive Financial Planning Inc. PA bought a new position in shares of Altria Group in the second quarter valued at approximately $26,000. Darwin Wealth Management LLC acquired a new position in shares of Altria Group in the 2nd quarter worth approximately $27,000. Navalign LLC bought a new stake in Altria Group during the 4th quarter worth approximately $28,000. Hughes Financial Services LLC grew its position in Altria Group by 62.9% during the 4th quarter. Hughes Financial Services LLC now owns 510 shares of the company’s stock worth $29,000 after acquiring an additional 197 shares during the last quarter. Finally, Miller Capital Partners Inc. acquired a new stake in Altria Group during the 4th quarter valued at $29,000. 57.41% of the stock is owned by institutional investors.
Insider Buying and Selling at Altria Group
In related 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 value of $418,327.50. Following the completion of the sale, the director directly 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 can be accessed through the SEC website. Also, Director Ellen R. Strahlman sold 2,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was 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 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. Corporate insiders own 0.10% of the company’s stock.
Altria Group Price Performance
Altria Group (NYSE:MO – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.02). The firm had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $5.35 billion. Altria Group had a net margin of 33.99% and a negative return on equity of 315.29%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.44 earnings per share. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. As a group, equities analysts expect that Altria Group, Inc. will post 5.67 earnings per share for the current fiscal year.
Analyst Ratings Changes
MO has been the subject of several research analyst reports. BTIG Research assumed coverage on Altria Group in a research report on Tuesday, July 21st. They issued a “neutral” rating for the company. Citigroup increased their target price on Altria Group from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft raised their target price on Altria Group from $60.00 to $66.00 and gave the company a “hold” rating in a research note on Monday, May 4th. 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 report on Wednesday, May 27th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $77.00 price objective on shares of Altria Group in a report on Thursday, April 30th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Altria Group currently has an average rating of “Hold” and a consensus price target of $70.11.
Get Our Latest Stock Report on Altria Group
About Altria Group
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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