Evolve Private Wealth LLC Purchases New Position in Altria Group, Inc. $MO

Key Points

• Evolve Private Wealth LLC acquired 63,407 shares of Altria Group during the second quarter, valued at approximately $4.63 million. Institutional investors collectively own 57.41% of the company.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $70.11; price targets range from $58 to $79.
• Altria reported quarterly EPS of $1.48, slightly below the $1.50 consensus estimate, while revenue of $5.36 billion narrowly exceeded expectations and increased 1.2% year over year.

Evolve Private Wealth LLC acquired a new stake in Altria Group, Inc. (NYSE:MO - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 63,407 shares of the company's stock, valued at approximately $4,630,000.

Several other institutional investors have also added to or reduced their stakes in the business. Cornerstone Planning Group LLC raised its stake in shares of Altria Group by 5.8% in the first quarter. Cornerstone Planning Group LLC now owns 2,619 shares of the company's stock worth $191,000 after purchasing an additional 143 shares during the last quarter. Angeles Wealth Management LLC boosted its position in shares of Altria Group by 1.3% during the second quarter. Angeles Wealth Management LLC now owns 11,239 shares of the company's stock valued at $821,000 after buying an additional 146 shares during the last quarter. Bernardo Wealth Planning LLC increased its holdings in Altria Group by 4.6% in the 2nd quarter. Bernardo Wealth Planning LLC now owns 3,379 shares of the company's stock worth $243,000 after buying an additional 149 shares in the last quarter. Old Peak Finance LLC increased its holdings in Altria Group by 1.3% in the 2nd quarter. Old Peak Finance LLC now owns 11,920 shares of the company's stock worth $858,000 after buying an additional 151 shares in the last quarter. Finally, Joel Isaacson & Co. LLC raised its position in Altria Group by 0.7% in the 2nd quarter. Joel Isaacson & Co. LLC now owns 23,324 shares of the company's stock worth $1,678,000 after buying an additional 152 shares during the last quarter. 57.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Altria Group

In other news, Director Ennis Debra J. Kelly sold 5,790 shares of Altria Group stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $72.25, for a total transaction of $418,327.50. Following the completion of 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 transaction was disclosed in a legal filing with the SEC, which is accessible 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 value of $145,120.00. Following the completion of the sale, 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 disclosure for this sale is available in the SEC filing. 0.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MO. The Goldman Sachs Group restated a "buy" rating and set a $77.00 price objective on shares of Altria Group in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Altria Group from $60.00 to $66.00 and gave the stock a "hold" rating in a report on Monday, May 4th. UBS Group increased their price objective 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 reduced their target price on Altria Group from $64.00 to $58.00 and set an "underweight" rating on the stock in a report on Tuesday, August 11th. Finally, Stifel Nicolaus upped their price target 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. 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 MarketBeat, Altria Group currently has a consensus rating of "Hold" and a consensus target price of $70.11.

Altria Group Stock Performance

Shares of MO stock opened at $65.87 on Monday. The stock has a 50 day moving average price of $70.20 and a 200 day moving average price of $68.86. Altria Group, Inc. has a 52-week low of $54.70 and a 52-week high of $77.06. The firm has a market capitalization of $109.99 billion, a P/E 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 released its earnings results on Thursday, July 30th. The company reported $1.48 earnings per share 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 firm's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.44 earnings per share. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. As a group, sell-side analysts forecast that Altria Group, Inc. will post 5.67 EPS for the current year.

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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