MGO One Seven LLC Increases Holdings in Altria Group, Inc. $MO

MGO One Seven LLC lifted its stake in shares of Altria Group, Inc. (NYSE:MO) by 18.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 76,034 shares of the company’s stock after purchasing an additional 11,882 shares during the quarter. MGO One Seven LLC’s holdings in Altria Group were worth $5,463,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in MO. Illinois Municipal Retirement Fund raised its holdings in shares of Altria Group by 7.1% in the 4th quarter. Illinois Municipal Retirement Fund now owns 668,243 shares of the company’s stock valued at $38,531,000 after acquiring an additional 44,267 shares in the last quarter. Procyon Advisors LLC boosted its position in shares of Altria Group by 59.3% during the 1st quarter. Procyon Advisors LLC now owns 38,926 shares of the company’s stock valued at $2,569,000 after acquiring an additional 14,490 shares during the last quarter. Rayburn West Financial Services LLC purchased a new position in shares of Altria Group during the fourth quarter worth about $2,438,000. North Dakota State Investment Board purchased a new position in shares of Altria Group during the fourth quarter worth about $3,336,000. Finally, International Assets Investment Management LLC increased its position in shares of Altria Group by 206.7% in the fourth quarter. International Assets Investment Management LLC now owns 75,573 shares of the company’s stock worth $4,358,000 after purchasing an additional 50,931 shares during the last quarter. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Altria Group Trading Up 0.0%

Shares of Altria Group stock opened at $65.72 on Monday. The firm has a market capitalization of $109.74 billion, a PE ratio of 13.86, a price-to-earnings-growth ratio of 2.33 and a beta of 0.46. The business’s 50-day moving average price is $70.83 and its 200-day moving average price is $68.73. Altria Group, Inc. has a 12 month low of $54.70 and a 12 month high of $77.06.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.02). The firm had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $5.35 billion. Altria Group had a net margin of 33.99% and a negative return on equity of 315.29%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior 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, analysts predict that Altria Group, Inc. will post 5.67 earnings per share for the current fiscal year.

Insider Activity at Altria Group

In other Altria Group news, 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 transaction, the director directly 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ellen R. Strahlman sold 2,000 shares of the business’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 completion of the sale, the director owned 25,102 shares of the company’s stock, 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. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. UBS Group raised their target price on shares of Altria Group from $76.00 to $79.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. BTIG Research started coverage on shares of Altria Group in a research note on Tuesday, July 21st. They issued a “neutral” rating for the company. Barclays decreased their price target on shares of Altria Group from $64.00 to $58.00 and set an “underweight” rating on the stock in a report on Tuesday, August 11th. Citigroup raised 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. Finally, Wall Street Zen downgraded shares of Altria Group from a “buy” rating to a “hold” rating in a report on Sunday, June 21st. 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, the company currently has a consensus rating of “Hold” and an average target price of $70.11.

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.