Canal Capital Management LLC Sells 29,163 Shares of Altria Group, Inc. $MO

Canal Capital Management LLC trimmed its holdings in shares of Altria Group, Inc. (NYSE:MO - Free Report) by 14.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 169,838 shares of the company's stock after selling 29,163 shares during the period. Altria Group makes up approximately 1.5% of Canal Capital Management LLC's holdings, making the stock its 19th largest position. Canal Capital Management LLC's holdings in Altria Group were worth $12,220,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Mcdonald Partners LLC purchased a new position in Altria Group during the second quarter valued at $80,000. Ascentis Wealth Management LLC grew its stake in shares of Altria Group by 72.0% in the second quarter. Ascentis Wealth Management LLC now owns 15,998 shares of the company's stock worth $1,151,000 after acquiring an additional 6,695 shares during the last quarter. Kestra Private Wealth Services LLC grew its stake in shares of Altria Group by 9.1% in the second quarter. Kestra Private Wealth Services LLC now owns 206,324 shares of the company's stock worth $14,845,000 after acquiring an additional 17,237 shares during the last quarter. Latitude Advisors LLC increased its holdings in shares of Altria Group by 49.3% during the second quarter. Latitude Advisors LLC now owns 5,590 shares of the company's stock valued at $402,000 after acquiring an additional 1,845 shares in the last quarter. Finally, P.A.W. Capital Corp purchased a new position in shares of Altria Group in the 2nd quarter worth about $1,953,000. 57.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MO has been the topic of several recent analyst reports. 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 research report on Friday, May 1st. BTIG Research assumed coverage on shares of Altria Group in a report on Tuesday, July 21st. They issued a "neutral" rating for the company. Deutsche Bank Aktiengesellschaft increased their price target on shares of Altria Group from $60.00 to $66.00 and gave the company a "hold" rating in a report on Monday, May 4th. Morgan Stanley set a $71.00 price target on shares of Altria Group in a research report on Friday, May 1st. Finally, Wall Street Zen lowered 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 given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Altria Group has an average rating of "Hold" and an average price target of $70.11.

Altria Group Stock Performance

NYSE MO opened at $65.72 on Friday. Altria Group, Inc. has a one year low of $54.70 and a one year high of $77.06. The stock has a 50-day moving average of $70.83 and a 200 day moving average of $68.69. The company has a market capitalization of $109.74 billion, a price-to-earnings ratio of 13.86, a PEG ratio of 2.31 and a beta of 0.46.

Altria Group (NYSE:MO - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $1.48 EPS for the quarter, missing analysts' consensus estimates of $1.50 by ($0.02). The company had revenue of $5.36 billion during 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 revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the firm posted $1.44 EPS. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. On average, equities analysts predict that Altria Group, Inc. will post 5.67 earnings per share for the current fiscal year.

Insider Activity at Altria Group

In related news, Director Ennis Debra J. Kelly sold 5,790 shares of the firm's stock in a transaction that occurred on Tuesday, May 26th. The shares were 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 trade represents a 7.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ellen R. Strahlman sold 2,000 shares of the business's stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $72.56, for a total transaction of $145,120.00. Following the sale, the director owned 25,102 shares of the company's stock, valued at $1,821,401.12. This trade represents a 7.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.10% of the stock is owned by corporate insiders.

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.

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