Strathmore Capital Advisors Inc. Acquires Shares of 13,374 Altria Group, Inc. $MO

Strathmore Capital Advisors Inc. acquired a new position in shares of Altria Group, Inc. (NYSE:MO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 13,374 shares of the company’s stock, valued at approximately $976,000. Altria Group comprises approximately 0.3% of Strathmore Capital Advisors Inc.’s investment portfolio, making the stock its 23rd biggest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of Altria Group in the 2nd quarter valued at about $26,000. Darwin Wealth Management LLC purchased a new position in Altria Group during the 2nd quarter worth approximately $27,000. Navalign LLC acquired a new position in Altria Group during the fourth quarter worth approximately $28,000. Hughes Financial Services LLC increased its position in Altria Group by 62.9% during the fourth quarter. Hughes Financial Services LLC now owns 510 shares of the company’s stock worth $29,000 after buying an additional 197 shares during the period. Finally, Miller Capital Partners Inc. acquired a new position in Altria Group during the fourth quarter worth approximately $29,000. Institutional investors and hedge funds own 57.41% of the company’s stock.

Insider Buying and Selling at Altria Group

In other Altria Group news, Director Ellen R. Strahlman sold 2,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were 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 of the company’s stock, valued at approximately $1,821,401.12. The trade was a 7.38% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ennis Debra J. Kelly sold 5,790 shares of the company’s stock in a transaction 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 transaction, the director owned 73,809 shares of the company’s stock, valued at approximately $5,332,700.25. The trade was a 7.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is owned by company insiders.

Altria Group Stock Down 1.6%

MO opened at $65.87 on Friday. The business has a 50 day moving average price of $70.20 and a two-hundred day moving average price of $68.81. The company has a market cap of $109.99 billion, a PE ratio of 13.90, a P/E/G ratio of 2.34 and a beta of 0.46. Altria Group, Inc. has a 52 week low of $54.70 and a 52 week high of $77.06.

Altria Group (NYSE:MO) last announced its earnings results on Thursday, July 30th. The company reported $1.48 earnings per share 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 quarter last 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, sell-side analysts expect that Altria Group, Inc. will post 5.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price objective on Altria Group from $60.00 to $66.00 and gave the company a “hold” rating in a report on Monday, May 4th. Morgan Stanley set a $71.00 target price on shares of Altria Group in a report on Friday, May 1st. BTIG Research initiated coverage on shares of Altria Group in a research report on Tuesday, July 21st. They issued a “neutral” rating for the company. Jefferies Financial Group increased 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. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $77.00 price objective on shares of Altria Group in a research report on Thursday, April 30th. Five research 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 MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target 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.