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

Key Points

• Janney Montgomery Scott increased its Altria position by 26.9% in the second quarter, adding 246,702 shares to hold 1.16 million shares valued at approximately $83.8 million. Institutional investors and hedge funds collectively own 57.41% of Altria.
• Altria reported quarterly revenue of $5.36 billion, slightly above expectations, while earnings per share of $1.48 narrowly missed the $1.50 consensus estimate. Revenue rose 1.2% year over year, and analysts expect full-year 2026 EPS of about $5.67.
• Analyst sentiment is mixed, with an overall “Hold” rating and a consensus price target of $70.11; recent targets range from $70 to $79. Two directors also sold shares in May, while insider ownership stands at just 0.10%.

Janney Montgomery Scott LLC grew its position in Altria Group, Inc. (NYSE:MO - Free Report) by 26.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,164,691 shares of the company's stock after acquiring an additional 246,702 shares during the quarter. Janney Montgomery Scott LLC owned about 0.07% of Altria Group worth $83,800,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Darwin Wealth Management LLC acquired a new position in Altria Group in the 2nd quarter valued at $27,000. Navalign LLC acquired a new stake in Altria Group during the 4th quarter worth $28,000. Hughes Financial Services LLC boosted its stake in Altria Group by 62.9% during the 4th quarter. Hughes Financial Services LLC now owns 510 shares of the company's stock worth $29,000 after purchasing an additional 197 shares during the last quarter. Miller Capital Partners Inc. purchased a new stake in shares of Altria Group during the fourth quarter worth $29,000. Finally, Quattro Advisors LLC purchased a new stake in shares of Altria Group during the fourth quarter worth $33,000. 57.41% of the stock is owned by institutional investors and hedge funds.

Altria Group Price Performance

Altria Group stock opened at $66.08 on Thursday. The firm has a 50 day simple moving average of $70.41 and a 200-day simple moving average of $68.80. The stock has a market cap of $110.33 billion, a price-to-earnings ratio of 13.94, a price-to-earnings-growth ratio of 2.31 and a beta of 0.46. Altria Group, Inc. has a 1-year low of $54.70 and a 1-year high of $77.06.

Altria Group (NYSE:MO - Get Free Report) last released 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 firm had revenue of $5.36 billion for the quarter, compared to analysts' expectations of $5.35 billion. During the same period in the previous year, the firm posted $1.44 EPS. The firm's quarterly revenue was up 1.2% compared to the same quarter last year. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. Equities analysts expect that Altria Group, Inc. will post 5.67 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MO has been the subject of a number of recent research reports. The Goldman Sachs Group reiterated a "buy" rating and issued a $77.00 target price on shares of Altria Group in a research report on Thursday, April 30th. UBS Group boosted their price target on shares of Altria Group from $76.00 to $79.00 and gave the stock a "buy" rating in a research report on Tuesday, July 7th. Citigroup increased their price objective on shares of Altria Group from $65.00 to $70.00 and gave the company a "neutral" rating in a report on Friday, May 1st. Morgan Stanley set a $71.00 target price on shares of Altria Group in a research note on Friday, May 1st. Finally, Wall Street Zen cut Altria Group from a "buy" rating to a "hold" rating in a report on Sunday, June 21st. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Altria Group currently has an average rating of "Hold" and a consensus target price of $70.11.

Insider Buying and Selling at Altria Group

In other news, 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 transaction, the director owned 25,102 shares of the company's stock, valued at $1,821,401.12. This represents a 7.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ennis Debra J. Kelly sold 5,790 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $72.25, for a total value of $418,327.50. Following the transaction, the director owned 73,809 shares of the company's stock, valued at approximately $5,332,700.25. This represents 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 owned by company 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.

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