TD Asset Management Inc Sells 62,560 Shares of Altria Group, Inc. $MO

TD Asset Management Inc reduced its stake in shares of Altria Group, Inc. (NYSE:MO) by 7.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 833,067 shares of the company’s stock after selling 62,560 shares during the quarter. TD Asset Management Inc’s holdings in Altria Group were worth $59,939,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Brighton Jones LLC boosted its position in Altria Group by 64.7% in the 4th 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 period. Sivia Capital Partners LLC increased its position in shares of Altria Group by 86.3% during the second 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. raised its stake in shares of Altria Group by 6.9% during the second quarter. Schnieders Capital Management LLC. now owns 9,630 shares of the company’s stock valued at $565,000 after acquiring an additional 618 shares in the last quarter. Gamco Investors INC. ET AL purchased a new stake in shares of Altria Group in the second quarter valued at approximately $346,000. Finally, AXA S.A. bought a new position in Altria Group in the second quarter worth approximately $5,752,000. 57.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on MO shares. Citigroup raised their price objective on Altria Group from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Stifel Nicolaus increased their price target on Altria Group from $68.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. BTIG Research assumed coverage on Altria Group in a report on Tuesday, July 21st. They issued a “neutral” rating for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Altria Group in a research report on Tuesday, July 14th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Altria Group from $60.00 to $66.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Altria Group currently has a consensus rating of “Hold” and an average price target of $70.11.

Insider Buying and Selling at Altria Group

In other news, Director Ellen R. Strahlman sold 2,000 shares of the business’s stock in a transaction dated 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ennis Debra J. Kelly sold 5,790 shares of the company’s stock in a transaction dated 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 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 SEC filing for this sale provides additional information. 0.10% of the stock is owned by insiders.

Altria Group Stock Up 2.1%

Shares of Altria Group stock opened at $65.32 on Wednesday. The firm’s 50 day moving average price is $70.55 and its 200-day moving average price is $68.75. Altria Group, Inc. has a 52-week low of $54.70 and a 52-week high of $77.06. The company has a market cap of $109.07 billion, a P/E ratio of 13.78, a PEG ratio of 2.33 and a beta of 0.46.

Altria Group (NYSE:MO) last posted its earnings results on Thursday, July 30th. The company reported $1.48 EPS 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 company’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.44 EPS. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. As a group, equities research analysts forecast that Altria Group, Inc. will post 5.67 EPS for the current fiscal 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.