9,158 Shares in Altria Group, Inc. $MO Purchased by Northcape Wealth Management LLC

Northcape Wealth Management LLC purchased a new position in Altria Group, Inc. (NYSE:MO) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 9,158 shares of the company’s stock, valued at approximately $659,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Cornerstone Planning Group LLC raised its holdings in shares of 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 purchasing an additional 143 shares in the last quarter. Angeles Wealth Management LLC lifted its stake 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 purchasing an additional 146 shares during the last quarter. Bernardo Wealth Planning LLC boosted 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 worth $243,000 after buying an additional 149 shares in the last quarter. Old Peak Finance LLC boosted its holdings in Altria Group by 1.3% during the second quarter. Old Peak Finance LLC now owns 11,920 shares of the company’s stock worth $858,000 after buying an additional 151 shares in the last quarter. Finally, Joel Isaacson & Co. LLC grew its position in Altria Group by 0.7% in the second quarter. Joel Isaacson & Co. LLC now owns 23,324 shares of the company’s stock worth $1,678,000 after buying an additional 152 shares during the last quarter. 57.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MO has been the topic of several research reports. Wall Street Zen cut Altria Group from a “buy” rating to a “hold” rating in a report on Sunday, June 21st. Jefferies Financial Group raised their price objective on Altria Group from $50.00 to $60.00 and gave the stock an “underperform” rating in a research note on Wednesday, May 27th. UBS Group lifted their target price on Altria Group from $76.00 to $79.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft boosted their target price on Altria Group from $60.00 to $66.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. Finally, BTIG Research started coverage on Altria Group in a report on Tuesday, July 21st. They set a “neutral” rating for the company. 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $70.11.

Insider Activity at Altria Group

In other Altria Group news, Director Ennis Debra J. Kelly sold 5,790 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $72.25, for a total value of $418,327.50. Following the completion of the sale, the director directly owned 73,809 shares of the company’s stock, valued at $5,332,700.25. The trade was a 7.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ellen R. Strahlman sold 2,000 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $72.56, for a total transaction of $145,120.00. Following the transaction, the director owned 25,102 shares in the company, valued at approximately $1,821,401.12. This trade represents a 7.38% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is currently owned by company insiders.

Altria Group Stock Performance

Shares of MO opened at $65.87 on Friday. Altria Group, Inc. has a 52 week low of $54.70 and a 52 week high of $77.06. The company has a market capitalization of $109.99 billion, a PE ratio of 13.90, a PEG ratio of 2.34 and a beta of 0.46. The company’s 50 day moving average price is $70.20 and its 200 day moving average price is $68.81.

Altria Group (NYSE:MO) last announced its quarterly earnings data 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). Altria Group had a negative return on equity of 315.29% and a net margin of 33.99%.The firm had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $5.35 billion. During the same quarter in the prior year, the business posted $1.44 earnings per share. Altria Group’s revenue was up 1.2% on a year-over-year basis. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. On average, equities analysts forecast that Altria Group, Inc. will post 5.67 earnings per share for the current fiscal year.

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.