9,996 Shares in Altria Group, Inc. $MO Bought by Patron Partners LLC

Patron Partners LLC acquired a new stake in Altria Group, Inc. (NYSE:MO) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 9,996 shares of the company’s stock, valued at approximately $719,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. OneAscent Financial Services LLC acquired a new position in Altria Group in the second quarter valued at about $619,000. Allworth Financial LP acquired a new position in shares of Altria Group during the 2nd quarter worth about $14,159,000. B. Metzler seel. Sohn & Co. AG acquired a new position in shares of Altria Group during the 2nd quarter worth about $2,854,000. Virtus Advisers LLC bought a new stake in shares of Altria Group in the 2nd quarter valued at about $828,000. Finally, Silvant Capital Management LLC bought a new stake in shares of Altria Group in the 2nd quarter valued at about $429,000. Institutional investors and hedge funds own 57.41% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MO. BTIG Research started coverage on shares of Altria Group in a research report on Tuesday, July 21st. They issued a “neutral” rating on the stock. Stifel Nicolaus boosted their price objective on shares of Altria Group from $68.00 to $77.00 and gave the company a “buy” rating in a report on Friday, May 1st. UBS Group upped their target price on shares of Altria Group from $76.00 to $79.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Jefferies Financial Group increased their target price 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, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Altria Group from $60.00 to $66.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $70.11.

Insider Transactions at Altria Group

In other news, Director Ellen R. Strahlman sold 2,000 shares of the company’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 of the company’s stock, valued at $1,821,401.12. This represents a 7.38% decrease in their ownership of the stock. The transaction 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 company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $72.25, for a total value of $418,327.50. Following the transaction, the director directly owned 73,809 shares of the company’s stock, valued at $5,332,700.25. This represents a 7.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.10% of the company’s stock.

Altria Group Price Performance

Shares of Altria Group stock opened at $65.87 on Monday. Altria Group, Inc. has a 1 year low of $54.70 and a 1 year high of $77.06. The business has a 50-day moving average of $70.20 and a two-hundred day moving average of $68.86. The company has a market capitalization of $109.99 billion, a P/E ratio of 13.90, a price-to-earnings-growth 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 earnings per share for the quarter, missing the consensus estimate of $1.50 by ($0.02). The business had revenue of $5.36 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm earned $1.44 EPS. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. On average, equities analysts anticipate that Altria Group, Inc. will post 5.67 EPS 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.