TD Waterhouse Canada Inc. Has $10.81 Million Stock Position in Altria Group, Inc. $MO

TD Waterhouse Canada Inc. increased its holdings in shares of Altria Group, Inc. (NYSE:MO) by 36.1% in the second quarter, HoldingsChannel reports. The firm owned 151,000 shares of the company’s stock after buying an additional 40,086 shares during the period. TD Waterhouse Canada Inc.’s holdings in Altria Group were worth $10,806,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of Altria Group by 64.7% in the fourth quarter. Brighton Jones LLC now owns 17,702 shares of the company’s stock valued at $926,000 after buying an additional 6,954 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in shares of Altria Group by 86.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 6,361 shares of the company’s stock worth $373,000 after acquiring an additional 2,946 shares during the period. Schnieders Capital Management LLC. increased its holdings in shares of Altria Group by 6.9% during the 2nd quarter. Schnieders Capital Management LLC. now owns 9,630 shares of the company’s stock worth $565,000 after acquiring an additional 618 shares during the last quarter. Gamco Investors INC. ET AL acquired a new position in shares of Altria Group during the 2nd quarter worth approximately $346,000. Finally, AXA S.A. bought a new stake in Altria Group in the 2nd quarter valued at $5,752,000. Institutional investors own 57.41% of the company’s stock.

Insider Transactions at Altria Group

In other news, Director Ellen R. Strahlman sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $72.56, for a total transaction of $145,120.00. Following the transaction, the director directly owned 25,102 shares of the company’s stock, valued at approximately $1,821,401.12. This trade represents a 7.38% 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 this hyperlink. Also, Director Ennis Debra J. Kelly sold 5,790 shares of Altria Group stock in a transaction that occurred on 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 sale, the director owned 73,809 shares of the company’s stock, valued at approximately $5,332,700.25. The trade was a 7.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is currently owned by company insiders.

Altria Group Trading Up 1.0%

NYSE:MO opened at $65.05 on Friday. The stock has a 50 day simple moving average of $70.96 and a 200 day simple moving average of $68.72. The stock has a market cap of $108.62 billion, a P/E ratio of 13.72, a PEG ratio of 2.28 and a beta of 0.46. Altria Group, Inc. has a 1-year low of $54.70 and a 1-year high of $77.06.

Altria Group (NYSE:MO) last issued 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). Altria Group had a net margin of 33.99% and a negative return on equity of 315.29%. The firm had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.35 billion. During the same period in the prior year, the company earned $1.44 earnings per share. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. As a group, sell-side analysts forecast that Altria Group, Inc. will post 5.67 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on MO. Morgan Stanley set a $71.00 price target on Altria Group in a report on Friday, May 1st. Wall Street Zen downgraded shares of Altria Group from a “buy” rating to a “hold” rating in a report on Sunday, June 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Altria Group in a research report on Tuesday, July 14th. Jefferies Financial Group raised their target price on shares of Altria Group from $50.00 to $60.00 and gave the stock an “underperform” rating in a research note on Wednesday, May 27th. Finally, UBS Group raised their target price on shares of Altria Group from $76.00 to $79.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Five investment 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 MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $70.11.

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.