MSH Capital Advisors LLC Acquires Shares of 9,703 Altria Group, Inc. $MO

MSH Capital Advisors LLC acquired a new position in shares of Altria Group, Inc. (NYSE:MO) during the 2nd quarter, Holdings Channel reports. The firm acquired 9,703 shares of the company’s stock, valued at approximately $698,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Altria Group by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 160,980,626 shares of the company’s stock valued at $9,282,143,000 after acquiring an additional 1,903,530 shares in the last quarter. BlackRock Inc. raised its stake in Altria Group by 1.1% in the 2nd quarter. BlackRock Inc. now owns 126,073,166 shares of the company’s stock worth $9,070,964,000 after purchasing an additional 1,325,175 shares in the last quarter. State Street Corp raised its stake in Altria Group by 1.6% in the 4th quarter. State Street Corp now owns 72,830,531 shares of the company’s stock worth $4,275,886,000 after purchasing an additional 1,147,141 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Altria Group by 10.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 65,516,916 shares of the company’s stock worth $3,777,931,000 after purchasing an additional 6,265,780 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Altria Group by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 45,984,718 shares of the company’s stock valued at $2,651,383,000 after purchasing an additional 729,999 shares during the period. Institutional investors and hedge funds own 57.41% of the company’s stock.

Wall Street Analysts Forecast Growth

MO has been the topic of a number of analyst reports. Wall Street Zen lowered shares of Altria Group from a “buy” rating to a “hold” rating in a research report on Sunday, June 21st. The Goldman Sachs Group reiterated a “buy” rating and issued a $77.00 price target on shares of Altria Group in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft boosted their price target on Altria Group from $60.00 to $66.00 and gave the company a “hold” rating in a research note on Monday, May 4th. UBS Group increased their price target on Altria Group from $76.00 to $79.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Finally, Jefferies Financial Group raised their price objective on Altria Group from $50.00 to $60.00 and gave the stock an “underperform” rating in a research note on Wednesday, May 27th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $70.11.

Insiders Place Their Bets

In other 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 owned 73,809 shares of the company’s stock, valued at approximately $5,332,700.25. The trade was a 7.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ellen R. Strahlman sold 2,000 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $1,821,401.12. This represents a 7.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.10% of the company’s stock.

Altria Group Stock Down 1.6%

Shares of Altria Group stock opened at $65.87 on Friday. The company has a market capitalization of $109.99 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 2.34 and a beta of 0.46. Altria Group, Inc. has a 12-month low of $54.70 and a 12-month high of $77.06. The firm’s 50-day moving average price is $70.20 and its two-hundred day moving average price is $68.81.

Altria Group (NYSE:MO) last issued its quarterly earnings results 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 firm had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $5.35 billion. Altria Group had a negative return on equity of 315.29% and a net margin of 33.99%.The business’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the company posted $1.44 EPS. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. On average, sell-side analysts expect that Altria Group, Inc. will post 5.67 earnings per share for the current 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.