Midwest Trust Co Purchases 9,085 Shares of Altria Group, Inc. $MO

Midwest Trust Co grew its position in Altria Group, Inc. (NYSE:MO) by 36.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,692 shares of the company’s stock after purchasing an additional 9,085 shares during the period. Midwest Trust Co’s holdings in Altria Group were worth $2,424,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Cornerstone Planning Group LLC grew its position in 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 increased its stake in Altria Group by 1.3% in the 2nd quarter. Angeles Wealth Management LLC now owns 11,239 shares of the company’s stock valued at $821,000 after buying an additional 146 shares during the last quarter. Bernardo Wealth Planning LLC lifted its position in shares of Altria Group by 4.6% during the 2nd 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 lifted its position in shares of Altria Group by 1.3% during the 2nd 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 boosted its stake in shares of Altria Group by 0.7% in the 2nd 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.

Altria Group Price Performance

Shares of NYSE MO opened at $65.32 on Wednesday. Altria Group, Inc. has a one year low of $54.70 and a one year high of $77.06. The business’s fifty day moving average price is $70.55 and its 200-day moving average price is $68.75. The stock has a market capitalization of $109.07 billion, a PE ratio of 13.78, a P/E/G ratio of 2.33 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 the consensus estimate of $1.50 by ($0.02). The business had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $5.35 billion. Altria Group had a net margin of 33.99% and a negative return on equity of 315.29%. Altria Group’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the company earned $1.44 earnings per share. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. As a group, equities analysts expect that Altria Group, Inc. will post 5.67 EPS for the current fiscal year.

Insider Buying and Selling

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Stifel Nicolaus upped their target price on Altria Group from $68.00 to $77.00 and gave the company a “buy” rating in a report on Friday, May 1st. 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. Wall Street Zen cut Altria Group from a “buy” rating to a “hold” rating in a research report on Sunday, June 21st. BTIG Research assumed coverage on Altria Group in a research report on Tuesday, July 21st. They issued a “neutral” rating on the stock. Finally, UBS Group upped their price objective on Altria Group from $76.00 to $79.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. 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 has an average rating of “Hold” and an average 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.