Hourglass Capital LLC Has $4.81 Million Stock Position in Altria Group, Inc. $MO

Hourglass Capital LLC grew its stake in shares of Altria Group, Inc. (NYSE:MO) by 14.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 66,840 shares of the company’s stock after buying an additional 8,357 shares during the quarter. Hourglass Capital LLC’s holdings in Altria Group were worth $4,809,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Illinois Municipal Retirement Fund raised its position in Altria Group by 7.1% in the fourth quarter. Illinois Municipal Retirement Fund now owns 668,243 shares of the company’s stock valued at $38,531,000 after purchasing an additional 44,267 shares during the last quarter. Procyon Advisors LLC boosted its stake in shares of Altria Group by 59.3% during the first quarter. Procyon Advisors LLC now owns 38,926 shares of the company’s stock valued at $2,569,000 after purchasing an additional 14,490 shares in the last quarter. Rayburn West Financial Services LLC bought a new stake in shares of Altria Group during the fourth quarter worth about $2,438,000. North Dakota State Investment Board bought a new stake in shares of Altria Group during the fourth quarter worth about $3,336,000. Finally, International Assets Investment Management LLC increased its stake in shares of Altria Group by 206.7% in the fourth quarter. International Assets Investment Management LLC now owns 75,573 shares of the company’s stock valued at $4,358,000 after buying an additional 50,931 shares during the period. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Altria Group Trading Up 1.0%

Shares of MO stock opened at $65.72 on Friday. Altria Group, Inc. has a 1-year low of $54.70 and a 1-year high of $77.06. The stock has a market cap of $109.74 billion, a price-to-earnings ratio of 13.86, a PEG ratio of 2.33 and a beta of 0.46. The stock has a 50-day moving average of $70.83 and a 200-day moving average of $68.69.

Altria Group (NYSE:MO) last posted 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). Altria Group had a negative return on equity of 315.29% and a net margin of 33.99%.The company had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.35 billion. During the same period in the prior year, the firm earned $1.44 earnings per share. Altria Group’s revenue was up 1.2% compared to the same quarter last year. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. Sell-side analysts forecast that Altria Group, Inc. will post 5.67 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Altria Group in a report on Tuesday, July 14th. Morgan Stanley set a $71.00 price target on shares of Altria Group in a research report on Friday, May 1st. Wall Street Zen downgraded shares of Altria Group from a “buy” rating to a “hold” rating in a research note on Sunday, June 21st. Jefferies Financial Group lifted their price target on shares of Altria Group from $50.00 to $60.00 and gave the stock an “underperform” rating in a report on Wednesday, May 27th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $77.00 price target on shares of Altria Group in a report on Thursday, April 30th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company 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 Ellen R. Strahlman sold 2,000 shares of the firm’s stock in a transaction that occurred 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ennis Debra J. Kelly sold 5,790 shares of the business’s 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 owned 73,809 shares in the company, valued at $5,332,700.25. This trade represents 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 currently owned by company insiders.

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.