Altria Group, Inc. $MO Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its stake in shares of Altria Group, Inc. (NYSE:MO) by 26.9% in the second quarter, HoldingsChannel.com reports. The firm owned 1,164,691 shares of the company’s stock after buying an additional 246,702 shares during the period. Janney Montgomery Scott LLC’s holdings in Altria Group were worth $83,800,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Darwin Wealth Management LLC purchased a new stake in Altria Group in the second quarter valued at approximately $27,000. Navalign LLC acquired a new position in Altria Group during the fourth quarter worth $28,000. Miller Capital Partners Inc. purchased a new position in shares of Altria Group during the fourth quarter worth $29,000. Hughes Financial Services LLC boosted its position in shares of Altria Group by 62.9% during the fourth quarter. Hughes Financial Services LLC now owns 510 shares of the company’s stock worth $29,000 after buying an additional 197 shares during the period. Finally, Physician Wealth Advisors Inc. grew its stake in shares of Altria Group by 78.8% in the first quarter. Physician Wealth Advisors Inc. now owns 524 shares of the company’s stock valued at $35,000 after buying an additional 231 shares in the last quarter. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on MO. Stifel Nicolaus boosted their price objective on Altria Group from $68.00 to $77.00 and gave the company a “buy” rating in a report on Friday, May 1st. Weiss Ratings restated a “buy (b)” rating on shares of Altria Group in a report on Tuesday, July 14th. Wall Street Zen downgraded Altria Group from a “buy” rating to a “hold” rating in a research report on Sunday, June 21st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Altria Group from $60.00 to $66.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. Finally, BTIG Research started coverage on shares of Altria Group in a research report on Tuesday, July 21st. They set a “neutral” rating on the stock. 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 company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $70.11.

Insider Buying and Selling at Altria Group

In related news, 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 directly owned 73,809 shares of the company’s stock, valued at $5,332,700.25. The trade was a 7.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 value of $145,120.00. Following the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.10% of the company’s stock.

Altria Group Stock Up 1.4%

Shares of MO stock opened at $66.08 on Thursday. The firm has a 50 day moving average of $70.41 and a two-hundred day moving average of $68.80. The stock has a market capitalization of $110.33 billion, a PE ratio of 13.94, a P/E/G ratio of 2.31 and a beta of 0.46. Altria Group, Inc. has a 52 week low of $54.70 and a 52 week high of $77.06.

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

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.