Altria Group, Inc. $MO Holdings Lowered by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon reduced its Altria stake by 2.9% in the second quarter, selling 379,736 shares and retaining 12.55 million shares worth approximately $902.9 million. Institutional investors collectively own 57.41% of Altria.
• Analyst views remain mixed: five analysts rate Altria a Buy, four rate it Hold, and two rate it Sell. The consensus rating is Hold, with an average price target of $70.11.
• Altria’s latest quarterly results showed $1.48 in adjusted EPS, slightly below the $1.50 estimate, while revenue rose 1.2% year over year to $5.36 billion. The company maintained fiscal 2026 EPS guidance of $5.61–$5.72.

Bank of New York Mellon Corp decreased its stake in Altria Group, Inc. (NYSE:MO - Free Report) by 2.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,549,406 shares of the company's stock after selling 379,736 shares during the quarter. Bank of New York Mellon Corp owned 0.75% of Altria Group worth $902,930,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of MO. Cornerstone Planning Group LLC increased its position in shares of Altria Group by 5.8% in the first quarter. Cornerstone Planning Group LLC now owns 2,619 shares of the company's stock worth $191,000 after acquiring an additional 143 shares in the last quarter. Angeles Wealth Management LLC lifted its position in shares of 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 acquiring an additional 146 shares in the last quarter. Bernardo Wealth Planning LLC lifted its position in shares of Altria Group by 4.6% in the 2nd quarter. Bernardo Wealth Planning LLC now owns 3,379 shares of the company's stock valued at $243,000 after acquiring an additional 149 shares in the last quarter. Old Peak Finance LLC boosted its stake in Altria Group by 1.3% in the 2nd quarter. Old Peak Finance LLC now owns 11,920 shares of the company's stock worth $858,000 after purchasing an additional 151 shares during the period. Finally, Joel Isaacson & Co. LLC boosted its stake in 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 purchasing an additional 152 shares during the period. Hedge funds and other institutional investors own 57.41% of the company's stock.

Insiders Place Their Bets

In other Altria Group news, Director Ellen R. Strahlman sold 2,000 shares of the business'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 transaction, the director owned 25,102 shares in the company, valued at $1,821,401.12. The trade was a 7.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ennis Debra J. Kelly sold 5,790 shares of the business's stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $72.25, for a total value of $418,327.50. Following the completion of the transaction, the director owned 73,809 shares in the company, valued at $5,332,700.25. This trade represents a 7.27% decrease in their position. The SEC filing for this sale provides additional information. 0.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on MO shares. The Goldman Sachs Group reiterated a "buy" rating and set a $77.00 price objective on shares of Altria Group in a research report on Thursday, April 30th. UBS Group raised their target price on Altria Group from $76.00 to $79.00 and gave the stock a "buy" rating in a research report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft lifted their price target on Altria Group from $60.00 to $66.00 and gave the company a "hold" rating in a report on Monday, May 4th. Weiss Ratings reissued a "buy (b)" rating on shares of Altria Group in a research report on Tuesday, July 14th. Finally, Citigroup increased their price objective on Altria Group from $65.00 to $70.00 and gave the stock a "neutral" rating in a research note on Friday, May 1st. 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $70.11.

Altria Group Stock Up 1.3%

MO 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 company has a market cap of $111.72 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 2.34 and a beta of 0.46. The company has a 50 day moving average of $70.32 and a two-hundred day moving average of $68.83.

Altria Group (NYSE:MO - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.50 by ($0.02). Altria Group had a net margin of 33.99% and a negative return on equity of 315.29%. The company had revenue of $5.36 billion for the quarter, compared to analysts' expectations of $5.35 billion. During the same quarter in the prior year, the firm earned $1.44 earnings per share. The company's revenue was up 1.2% on a year-over-year basis. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. On average, research analysts anticipate that Altria Group, Inc. will post 5.67 EPS 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source