Altria Group, Inc. $MO Shares Sold by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. lessened its stake in shares of Altria Group, Inc. (NYSE:MO) by 10.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,171 shares of the company’s stock after selling 10,500 shares during the quarter. Altria Group comprises approximately 0.8% of University of Texas Texas AM Investment Management Co.’s portfolio, making the stock its 23rd biggest position. University of Texas Texas AM Investment Management Co.’s holdings in Altria Group were worth $6,874,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of MO. Cornerstone Planning Group LLC increased its stake in Altria Group by 5.8% in the 1st quarter. Cornerstone Planning Group LLC now owns 2,619 shares of the company’s stock valued at $191,000 after buying an additional 143 shares during the period. Angeles Wealth Management LLC lifted its stake in shares of Altria Group by 1.3% in the 2nd quarter. Angeles Wealth Management LLC now owns 11,239 shares of the company’s stock worth $821,000 after acquiring an additional 146 shares during the period. Bernardo Wealth Planning LLC lifted its stake in shares of Altria Group by 4.6% in the 2nd quarter. Bernardo Wealth Planning LLC now owns 3,379 shares of the company’s stock worth $243,000 after acquiring an additional 149 shares during the period. Old Peak Finance LLC boosted its holdings in shares of Altria Group by 1.3% in the second quarter. Old Peak Finance LLC now owns 11,920 shares of the company’s stock valued at $858,000 after acquiring an additional 151 shares in the last quarter. Finally, Johnson & White Wealth Management LLC boosted its holdings in shares of Altria Group by 1.2% in the fourth quarter. Johnson & White Wealth Management LLC now owns 12,704 shares of the company’s stock valued at $733,000 after acquiring an additional 154 shares in the last quarter. 57.41% of the stock is owned by institutional investors and hedge funds.

Altria Group Stock Up 2.1%

NYSE:MO opened at $65.32 on Wednesday. Altria Group, Inc. has a fifty-two week low of $54.70 and a fifty-two week high of $77.06. The stock has a market cap of $109.07 billion, a PE ratio of 13.78, a price-to-earnings-growth ratio of 2.33 and a beta of 0.46. The firm’s fifty day simple moving average is $70.55 and its 200-day simple moving average is $68.75.

Altria Group (NYSE:MO) last announced 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 analyst estimates 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 revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the business earned $1.44 EPS. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. Equities analysts anticipate that Altria Group, Inc. will post 5.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

MO has been the topic of a number of recent analyst reports. Jefferies Financial Group boosted their price target 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. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $77.00 price objective on shares of Altria Group in a report on Thursday, April 30th. UBS Group boosted their target price on Altria Group from $76.00 to $79.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft increased their target price on Altria Group from $60.00 to $66.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. Finally, Stifel Nicolaus raised their price target on Altria Group from $68.00 to $77.00 and gave the company a “buy” rating in a report on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $70.11.

Insider Transactions at Altria Group

In other 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 completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 sale, 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 position. The SEC filing for this sale provides additional information. Company insiders own 0.10% of the company’s stock.

Altria Group 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.