Altria Group, Inc. $MO Shares Sold by Krilogy Financial LLC

Krilogy Financial LLC trimmed its stake in Altria Group, Inc. (NYSE:MO) by 10.7% in the second quarter, Holdings Channel.com reports. The firm owned 65,121 shares of the company’s stock after selling 7,827 shares during the quarter. Krilogy Financial LLC’s holdings in Altria Group were worth $4,685,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pittenger & Anderson Inc. raised its stake in Altria Group by 773.5% during the second quarter. Pittenger & Anderson Inc. now owns 77,185 shares of the company’s stock worth $5,553,000 after purchasing an additional 68,349 shares during the period. SageGuard Financial Group LLC grew its stake in shares of Altria Group by 4.8% during the 2nd quarter. SageGuard Financial Group LLC now owns 10,292 shares of the company’s stock valued at $741,000 after buying an additional 468 shares during the period. Rockport Wealth LLC purchased a new stake in shares of Altria Group during the 2nd quarter valued at $204,000. Ascentis Wealth Management LLC grew its stake in shares of Altria Group by 4,630.6% during the 2nd quarter. Ascentis Wealth Management LLC now owns 440,092 shares of the company’s stock valued at $31,665,000 after buying an additional 430,789 shares during the period. Finally, Bernardo Wealth Planning LLC increased its holdings in shares of Altria Group by 4.6% during the 2nd quarter. Bernardo Wealth Planning LLC now owns 3,379 shares of the company’s stock worth $243,000 after buying an additional 149 shares during the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on MO shares. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $77.00 target price on shares of Altria Group in a research report on Thursday, April 30th. Citigroup upped their price target on Altria Group from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Morgan Stanley set a $71.00 price objective on Altria Group in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft lifted their price objective on Altria Group from $60.00 to $66.00 and gave the company a “hold” rating in a research note on Monday, May 4th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Altria Group in a research report on Tuesday, July 14th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $70.11.

Insider Activity

In related news, Director Ennis Debra J. Kelly sold 5,790 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $72.25, for a total transaction of $418,327.50. Following the sale, the director directly owned 73,809 shares in the company, valued at approximately $5,332,700.25. This trade represents a 7.27% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 value of $145,120.00. Following the transaction, the director directly owned 25,102 shares in the company, valued at $1,821,401.12. This trade represents a 7.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.10% of the company’s stock.

Altria Group Trading Up 1.0%

Shares of Altria Group stock opened at $65.05 on Friday. The company has a fifty day moving average price of $70.96 and a 200 day moving average price of $68.72. Altria Group, Inc. has a twelve month low of $54.70 and a twelve month high of $77.06. The stock has a market cap of $108.62 billion, a price-to-earnings ratio of 13.72, a price-to-earnings-growth ratio of 2.28 and a beta of 0.46.

Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.50 by ($0.02). The company had revenue of $5.36 billion during 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 company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the business earned $1.44 earnings per share. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. Analysts forecast that Altria Group, Inc. will post 5.67 earnings per share for the current year.

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.