Altria Group, Inc. $MO Shares Sold by Banco Santander S.A.

Banco Santander S.A. lowered its stake in Altria Group, Inc. (NYSE:MO - Free Report) by 97.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,882 shares of the company's stock after selling 153,548 shares during the period. Banco Santander S.A.'s holdings in Altria Group were worth $279,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Darwin Wealth Management LLC purchased a new position in Altria Group in the 2nd quarter worth about $27,000. Navalign LLC purchased a new position in Altria Group during the fourth quarter valued at approximately $28,000. Hughes Financial Services LLC increased its stake in Altria Group by 62.9% in the 4th quarter. Hughes Financial Services LLC now owns 510 shares of the company's stock valued at $29,000 after buying an additional 197 shares during the period. Miller Capital Partners Inc. purchased a new stake in Altria Group in the 4th quarter worth approximately $29,000. Finally, Quattro Advisors LLC bought a new stake in Altria Group in the fourth quarter worth approximately $33,000. Institutional investors and hedge funds own 57.41% of the company's stock.

Altria Group Stock Performance

Shares of Altria Group stock opened at $65.72 on Friday. The firm has a market cap of $109.74 billion, a P/E ratio of 13.86, a price-to-earnings-growth ratio of 2.31 and a beta of 0.46. The firm's 50-day simple moving average is $70.83 and its 200-day simple moving average is $68.69. Altria Group, Inc. has a twelve month low of $54.70 and a twelve month high of $77.06.

Altria Group (NYSE:MO - Get Free Report) last posted its quarterly 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 during the quarter, compared to analyst estimates 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 for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the company earned $1.44 EPS. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. On average, equities analysts forecast that Altria Group, Inc. will post 5.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MO has been the subject of a number of recent research reports. Jefferies Financial Group upped their price objective on shares of Altria Group from $50.00 to $60.00 and gave the stock an "underperform" rating in a report on Wednesday, May 27th. BTIG Research started coverage on shares of Altria Group in a research report on Tuesday, July 21st. They issued a "neutral" rating on the stock. Barclays dropped their target price on shares of Altria Group from $64.00 to $58.00 and set an "underweight" rating on the stock in a report on Tuesday. Morgan Stanley set a $71.00 price target on shares of Altria Group in a report on Friday, May 1st. Finally, Stifel Nicolaus raised their price target on Altria Group from $68.00 to $77.00 and gave the company a "buy" rating in a research report on Friday, May 1st. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $70.11.

Insider Buying and Selling

In other Altria Group news, Director Ellen R. Strahlman sold 2,000 shares of the 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 directly owned 25,102 shares in the company, valued at approximately $1,821,401.12. This trade represents a 7.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ennis Debra J. Kelly sold 5,790 shares of Altria Group stock in a transaction that occurred 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 sale, 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 position. The SEC filing for this sale provides additional information. Corporate insiders own 0.10% of the company's stock.

About Altria Group

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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