Evolve Private Wealth LLC Makes New $4.63 Million Investment in Altria Group, Inc. $MO

Evolve Private Wealth LLC acquired a new stake in shares of Altria Group, Inc. (NYSE:MO) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 63,407 shares of the company’s stock, valued at approximately $4,630,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Illinois Municipal Retirement Fund lifted its holdings in shares of Altria Group by 7.1% during the fourth quarter. Illinois Municipal Retirement Fund now owns 668,243 shares of the company’s stock worth $38,531,000 after purchasing an additional 44,267 shares during the period. Procyon Advisors LLC boosted its position in Altria Group by 59.3% in the 1st quarter. Procyon Advisors LLC now owns 38,926 shares of the company’s stock worth $2,569,000 after purchasing an additional 14,490 shares in the last quarter. Rayburn West Financial Services LLC acquired a new stake in shares of Altria Group during the 4th quarter worth approximately $2,438,000. North Dakota State Investment Board purchased a new position in shares of Altria Group during the 4th quarter valued at approximately $3,336,000. Finally, International Assets Investment Management LLC lifted its stake in shares of Altria Group by 206.7% in the 4th quarter. International Assets Investment Management LLC now owns 75,573 shares of the company’s stock valued at $4,358,000 after purchasing an additional 50,931 shares during the period. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. UBS Group raised their price target on shares of Altria Group from $76.00 to $79.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Citigroup increased their price target on Altria Group from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Barclays decreased their target price on Altria Group from $64.00 to $58.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 11th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $77.00 price objective on shares of Altria Group in a report on Thursday, April 30th. Finally, Jefferies Financial Group lifted their target price on shares of Altria Group from $50.00 to $60.00 and gave the company an “underperform” rating in a research report on Wednesday, May 27th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Altria Group has a consensus rating of “Hold” and an average price target of $70.11.

Altria Group Trading Down 0.3%

Altria Group stock opened at $65.87 on Monday. The company has a 50-day moving average price of $70.20 and a 200 day moving average price of $68.86. Altria Group, Inc. has a 12-month low of $54.70 and a 12-month high of $77.06. The stock has a market cap of $109.99 billion, a P/E ratio of 13.90, a PEG ratio of 2.34 and a beta of 0.46.

Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.02). The business 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 company’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.44 earnings per share. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. As a group, analysts forecast that Altria Group, Inc. will post 5.67 EPS for the current year.

Insiders Place Their Bets

In related news, Director Ellen R. Strahlman sold 2,000 shares of the firm’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 completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ennis Debra J. Kelly sold 5,790 shares of the business’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 completion of the transaction, the director owned 73,809 shares of the company’s stock, valued at approximately $5,332,700.25. This trade represents a 7.27% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is owned by corporate insiders.

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.