Beverly Hills Private Wealth LLC Sells 16,228 Shares of Altria Group, Inc. $MO

Key Points

• Beverly Hills Private Wealth LLC cut its Altria stake by 60.1% in the second quarter, selling 16,228 shares and retaining 10,786 shares valued at approximately $776,000.
• Altria has a mixed analyst outlook: five analysts rate it Buy, four Hold, and two Sell, resulting in a consensus Hold rating and an average price target of $70.11.
• The company slightly missed quarterly earnings expectations, reporting $1.48 in EPS versus $1.50 expected, while revenue of $5.36 billion edged above estimates and rose 1.2% year over year.

Beverly Hills Private Wealth LLC trimmed its stake in Altria Group, Inc. (NYSE:MO - Free Report) by 60.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,786 shares of the company's stock after selling 16,228 shares during the period. Beverly Hills Private Wealth LLC's holdings in Altria Group were worth $776,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. 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 shares of Altria Group in the fourth quarter valued at about $28,000. Miller Capital Partners Inc. bought a new position in shares of Altria Group in the fourth quarter worth about $29,000. Hughes Financial Services LLC increased its stake in shares of Altria Group by 62.9% in the fourth 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 period. Finally, Physician Wealth Advisors Inc. grew its holdings in Altria Group by 78.8% in the 1st quarter. Physician Wealth Advisors Inc. now owns 524 shares of the company's stock valued at $35,000 after buying an additional 231 shares during the last quarter. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Weiss Ratings reiterated a "buy (b)" rating on shares of Altria Group in a report on Tuesday, July 14th. Stifel Nicolaus increased their price target on shares of Altria Group from $68.00 to $77.00 and gave the company a "buy" rating in a report on Friday, May 1st. UBS Group raised 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. Wall Street Zen lowered shares of Altria Group from a "buy" rating to a "hold" rating in a research report on Sunday, June 21st. Finally, Jefferies Financial Group increased their target price on shares of Altria Group from $50.00 to $60.00 and gave the company an "underperform" rating in a research note on Wednesday, May 27th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently 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 business's stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $72.56, for a total transaction of $145,120.00. Following the transaction, the director owned 25,102 shares of the company's stock, valued at $1,821,401.12. The trade was a 7.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ennis Debra J. Kelly sold 5,790 shares of the company's stock in a transaction that occurred 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 sale, the director owned 73,809 shares in the company, valued at approximately $5,332,700.25. This represents a 7.27% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is owned by company insiders.

Altria Group Stock Performance

Shares of Altria Group stock opened at $65.87 on Friday. Altria Group, Inc. has a 52-week low of $54.70 and a 52-week high of $77.06. The business's 50 day simple moving average is $70.20 and its 200 day simple moving average is $68.81. The firm has a market cap of $109.99 billion, a PE ratio of 13.90, a P/E/G ratio of 2.37 and a beta of 0.46.

Altria Group (NYSE:MO - Get Free Report) last issued 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). 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 company's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the firm earned $1.44 earnings per share. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. As a group, equities research analysts predict that Altria Group, Inc. will post 5.67 EPS for the current year.

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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