Callan Family Office LLC Makes New Investment in Altria Group, Inc. $MO

Callan Family Office LLC bought a new stake in Altria Group, Inc. (NYSE:MO - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 40,461 shares of the company's stock, valued at approximately $2,911,000.

A number of other hedge funds have also made changes to their positions in the company. Illinois Municipal Retirement Fund lifted its stake in Altria Group by 7.1% in the 4th quarter. Illinois Municipal Retirement Fund now owns 668,243 shares of the company's stock valued at $38,531,000 after buying an additional 44,267 shares in the last quarter. Procyon Advisors LLC increased its position in Altria Group by 59.3% during the first quarter. Procyon Advisors LLC now owns 38,926 shares of the company's stock worth $2,569,000 after buying an additional 14,490 shares in the last quarter. Rayburn West Financial Services LLC purchased a new position in Altria Group during the fourth quarter worth $2,438,000. North Dakota State Investment Board acquired a new position in shares of Altria Group in the fourth quarter worth $3,336,000. Finally, International Assets Investment Management LLC raised its holdings in shares of Altria Group by 206.7% in the fourth quarter. International Assets Investment Management LLC now owns 75,573 shares of the company's stock worth $4,358,000 after acquiring an additional 50,931 shares during the last quarter. Hedge funds and other institutional investors own 57.41% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on MO shares. Deutsche Bank Aktiengesellschaft increased their price objective on Altria Group from $60.00 to $66.00 and gave the company a "hold" rating in a research note on Monday, May 4th. Stifel Nicolaus boosted their target price on shares of Altria Group from $68.00 to $77.00 and gave the company a "buy" rating in a research note on Friday, May 1st. UBS Group upped their target price on shares of Altria Group from $76.00 to $79.00 and gave the company a "buy" rating in a report on Tuesday, July 7th. Barclays decreased their price target on shares of Altria Group from $64.00 to $58.00 and set an "underweight" rating on the stock in a research note on Tuesday, August 11th. Finally, Wall Street Zen downgraded shares of 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 MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $70.11.

Altria Group Stock Performance

MO opened at $65.87 on Monday. Altria Group, Inc. has a 1 year low of $54.70 and a 1 year high of $77.06. The company's 50 day simple moving average is $70.20 and its 200 day simple moving average is $68.86. The stock has a market capitalization of $109.99 billion, a PE ratio of 13.90, a P/E/G ratio of 2.34 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 company had revenue of $5.36 billion for 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 posted $1.44 EPS. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. As a group, sell-side analysts expect that Altria Group, Inc. will post 5.67 earnings per share for the current fiscal year.

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 transaction of $145,120.00. Following the completion of the sale, the director directly owned 25,102 shares in the company, valued at $1,821,401.12. This represents a 7.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Ennis Debra J. Kelly sold 5,790 shares of the company's 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 sale, the director owned 73,809 shares of the company's stock, valued at approximately $5,332,700.25. The trade was a 7.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is owned by 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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