Trivium Point Advisory LLC Purchases 17,405 Shares of Altria Group, Inc. $MO

Trivium Point Advisory LLC raised its position in shares of Altria Group, Inc. (NYSE:MO) by 101.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 34,519 shares of the company’s stock after buying an additional 17,405 shares during the period. Trivium Point Advisory LLC’s holdings in Altria Group were worth $2,484,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Illinois Municipal Retirement Fund increased its position 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 in the last quarter. Procyon Advisors LLC boosted its position in shares of 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 purchased a new position in Altria Group during the 4th quarter worth $2,438,000. North Dakota State Investment Board purchased a new position in Altria Group during the 4th quarter worth $3,336,000. Finally, International Assets Investment Management LLC increased its position in Altria Group by 206.7% during the 4th 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 in the last quarter. 57.41% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Ellen R. Strahlman sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $72.56, for a total value of $145,120.00. Following the sale, the director owned 25,102 shares in the company, valued at $1,821,401.12. This represents a 7.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 owned 73,809 shares in the company, valued at approximately $5,332,700.25. This trade represents a 7.27% decrease in their position. The SEC filing for this sale provides additional information. 0.10% of the stock is owned by corporate insiders.

Altria Group Stock Performance

Shares of MO opened at $66.91 on Friday. The stock has a 50-day moving average of $70.32 and a two-hundred day moving average of $68.83. The stock has a market cap of $111.72 billion, a P/E ratio of 14.12, a P/E/G ratio of 2.34 and a beta of 0.46. Altria Group, Inc. has a one year low of $54.70 and a one year high of $77.06.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.02). Altria Group had a net margin of 33.99% and a negative return on equity of 315.29%. The firm 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 company posted $1.44 earnings per share. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. Analysts predict that Altria Group, Inc. will post 5.67 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on MO. UBS Group raised their price target on Altria Group from $76.00 to $79.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Weiss Ratings restated a “buy (b)” rating on shares of Altria Group in a report on Tuesday, July 14th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $77.00 price objective on shares of Altria Group in a research report on Thursday, April 30th. Barclays lowered their target price on shares of Altria Group from $64.00 to $58.00 and set an “underweight” rating for the company in a research note on Tuesday, August 11th. Finally, Jefferies Financial Group boosted their target price on shares of Altria Group from $50.00 to $60.00 and gave the stock an “underperform” rating in a research report on Wednesday, May 27th. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $70.11.

About Altria Group

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.