Trivium Point Advisory LLC Raises Stock Holdings in Altria Group, Inc. $MO

Trivium Point Advisory LLC increased its holdings in shares of Altria Group, Inc. (NYSE:MO) by 101.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 34,519 shares of the company’s stock after acquiring an additional 17,405 shares during the period. Trivium Point Advisory LLC’s holdings in Altria Group were worth $2,484,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of 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 valued at $191,000 after acquiring an additional 143 shares during the last quarter. Angeles Wealth Management LLC lifted its position in shares of Altria Group by 1.3% during the second quarter. Angeles Wealth Management LLC now owns 11,239 shares of the company’s stock worth $821,000 after purchasing an additional 146 shares during the last quarter. Bernardo Wealth Planning LLC boosted its stake in shares of Altria Group by 4.6% during the second quarter. Bernardo Wealth Planning LLC now owns 3,379 shares of the company’s stock valued at $243,000 after purchasing an additional 149 shares during the period. Old Peak Finance LLC boosted its stake in shares of Altria Group by 1.3% during the second quarter. Old Peak Finance LLC now owns 11,920 shares of the company’s stock valued at $858,000 after purchasing an additional 151 shares during the period. Finally, Joel Isaacson & Co. LLC grew its holdings in shares of Altria Group by 0.7% in the second quarter. Joel Isaacson & Co. LLC now owns 23,324 shares of the company’s stock worth $1,678,000 after purchasing an additional 152 shares during the last quarter. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Stifel Nicolaus raised their price target on shares of Altria Group from $68.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. BTIG Research initiated coverage on shares of Altria Group in a research report on Tuesday, July 21st. They issued a “neutral” rating for the company. Wall Street Zen downgraded shares of Altria Group from a “buy” rating to a “hold” rating in a research note on Sunday, June 21st. The Goldman Sachs Group reaffirmed a “buy” rating and set a $77.00 target price on shares of Altria Group in a research report on Thursday, April 30th. Finally, UBS Group boosted their price target on Altria Group from $76.00 to $79.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Five equities 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 data from MarketBeat, Altria Group presently has an average rating of “Hold” and a consensus price target of $70.11.

Altria Group Trading Up 1.3%

Shares of Altria Group stock opened at $66.91 on Friday. Altria Group, Inc. has a 12 month low of $54.70 and a 12 month high of $77.06. The stock’s fifty day moving average price is $70.32 and its 200-day moving average price is $68.83. The firm 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 (NYSE:MO) last issued its earnings results on Thursday, July 30th. The company reported $1.48 earnings per share (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 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 firm’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.44 earnings per share. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. Analysts forecast that Altria Group, Inc. will post 5.67 earnings per share for the current year.

Insider Activity at Altria Group

In other news, Director Ellen R. Strahlman sold 2,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $72.56, for a total transaction of $145,120.00. Following the transaction, the director directly owned 25,102 shares in the company, valued at approximately $1,821,401.12. This trade represents a 7.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ennis Debra J. Kelly sold 5,790 shares of Altria Group stock in a transaction that occurred 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 transaction, the director directly owned 73,809 shares in the company, valued at approximately $5,332,700.25. The trade was a 7.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.10% of the stock is currently owned by corporate insiders.

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.