Trust Co. of Vermont Makes New $3.12 Million Investment in Altria Group, Inc. $MO

Trust Co. of Vermont acquired a new position in Altria Group, Inc. (NYSE:MO) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 43,432 shares of the company’s stock, valued at approximately $3,125,000.

Several other institutional investors and hedge funds have also recently modified their holdings of MO. Cornerstone Planning Group LLC boosted its holdings in Altria Group by 5.8% in the 1st quarter. Cornerstone Planning Group LLC now owns 2,619 shares of the company’s stock worth $191,000 after buying an additional 143 shares during the period. Angeles Wealth Management LLC raised its holdings in Altria Group by 1.3% during the second quarter. Angeles Wealth Management LLC now owns 11,239 shares of the company’s stock valued at $821,000 after acquiring an additional 146 shares during the period. Bernardo Wealth Planning LLC raised its holdings in Altria Group by 4.6% during the second quarter. Bernardo Wealth Planning LLC now owns 3,379 shares of the company’s stock valued at $243,000 after acquiring an additional 149 shares during the period. Old Peak Finance LLC lifted its position 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, Joel Isaacson & Co. LLC lifted its position in shares of Altria Group by 0.7% in the second quarter. Joel Isaacson & Co. LLC now owns 23,324 shares of the company’s stock valued at $1,678,000 after acquiring an additional 152 shares in the last quarter. 57.41% of the stock is currently owned by institutional investors.

Altria Group Stock Down 1.6%

Shares of Altria Group stock opened at $65.87 on Friday. The firm has a market cap of $109.99 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 2.37 and a beta of 0.46. The business has a 50-day moving average price of $70.20 and a 200-day moving average price of $68.81. Altria Group, Inc. has a twelve month low of $54.70 and a twelve month high of $77.06.

Altria Group (NYSE:MO) last issued its earnings results on Thursday, July 30th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.50 by ($0.02). The firm had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $5.35 billion. Altria Group had a negative return on equity of 315.29% and a net margin of 33.99%.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 firm posted $1.44 earnings per share. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. On average, equities analysts expect that Altria Group, Inc. will post 5.67 EPS for the current fiscal year.

Insider Activity at Altria Group

In other news, Director Ennis Debra J. Kelly sold 5,790 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $72.25, for a total transaction of $418,327.50. Following the completion of the transaction, the director directly owned 73,809 shares in the company, valued at approximately $5,332,700.25. This represents a 7.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ellen R. Strahlman sold 2,000 shares of the firm’s stock in a transaction 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 completion of 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. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. The Goldman Sachs Group reiterated a “buy” rating and set a $77.00 target price on shares of Altria Group in a research report on Thursday, April 30th. BTIG Research assumed coverage on Altria Group in a report on Tuesday, July 21st. They issued a “neutral” rating on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Altria Group in a research note on Tuesday, July 14th. Citigroup increased their price objective on shares of Altria Group from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Altria Group from $60.00 to $66.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $70.11.

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.