Altria Group, Inc. $MO Shares Purchased by Occidental Asset Management LLC

Occidental Asset Management LLC boosted its position in shares of Altria Group, Inc. (NYSE:MO) by 104.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,794 shares of the company’s stock after purchasing an additional 12,128 shares during the period. Occidental Asset Management LLC’s holdings in Altria Group were worth $1,712,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of MO. Darwin Wealth Management LLC purchased a new stake in shares of Altria Group during the 2nd quarter valued at approximately $27,000. Navalign LLC purchased a new position in Altria Group in the fourth quarter worth approximately $28,000. Miller Capital Partners Inc. purchased a new position in Altria Group in the fourth quarter worth approximately $29,000. Hughes Financial Services LLC increased its stake in Altria Group by 62.9% during the fourth 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, Physician Wealth Advisors Inc. increased its stake in Altria Group by 78.8% during the first quarter. Physician Wealth Advisors Inc. now owns 524 shares of the company’s stock worth $35,000 after acquiring an additional 231 shares during the last quarter. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MO. UBS Group upped their price target on Altria Group from $76.00 to $79.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Citigroup raised their price objective on Altria Group from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Morgan Stanley set a $71.00 price objective on shares of Altria Group in a report on Friday, May 1st. Jefferies Financial Group upped their target price on shares of Altria Group from $50.00 to $60.00 and gave the company an “underperform” rating in a research report on Wednesday, May 27th. Finally, BTIG Research initiated coverage on shares of Altria Group in a research note on Tuesday, July 21st. They set a “neutral” rating for the company. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Altria Group currently has an average rating of “Hold” and an average target price of $70.11.

Altria Group Stock Down 1.6%

Shares of NYSE MO opened at $65.87 on Friday. The business’s 50 day moving average is $70.20 and its two-hundred day moving average is $68.81. Altria Group, Inc. has a 52-week low of $54.70 and a 52-week high of $77.06. The firm has a market cap of $109.99 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 2.37 and a beta of 0.46.

Altria Group (NYSE:MO) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.48 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $5.35 billion. During the same quarter in the prior year, the business earned $1.44 earnings per share. The company’s quarterly 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. Analysts anticipate that Altria Group, Inc. will post 5.67 EPS for the current fiscal year.

Insider Activity

In other news, Director Ennis Debra J. Kelly sold 5,790 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $72.25, for a total value of $418,327.50. Following the completion of the transaction, the director owned 73,809 shares of the company’s stock, valued at approximately $5,332,700.25. This trade represents a 7.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ellen R. Strahlman sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $72.56, for a total transaction of $145,120.00. Following the sale, the director directly owned 25,102 shares in the company, valued at approximately $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.

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.