Global Retirement Partners LLC Buys New Position in Altria Group, Inc. $MO

Key Points

• Global Retirement Partners purchased 104,863 Altria shares in the second quarter, valued at approximately $7.5 million. Institutional investors collectively own 57.41% of the company.
• Altria reported quarterly revenue of $5.36 billion, slightly above estimates, while earnings of $1.48 per share missed expectations by $0.02; revenue rose 1.2% year over year.
• Analyst sentiment remains mixed, with an average “Hold” rating and a $70.11 price target. Two company directors also sold shares in May, reducing their holdings by roughly 7% each.

Global Retirement Partners LLC bought a new stake in shares of Altria Group, Inc. (NYSE:MO - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 104,863 shares of the company's stock, valued at approximately $7,545,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Stonehaven Wealth & Tax Solutions LLC lifted its position in shares of Altria Group by 10.2% in the 2nd quarter. Stonehaven Wealth & Tax Solutions LLC now owns 5,489 shares of the company's stock worth $395,000 after purchasing an additional 506 shares during the period. Silverlake Wealth Management LLC increased its position in shares of Altria Group by 3.7% during the second quarter. Silverlake Wealth Management LLC now owns 30,401 shares of the company's stock worth $2,187,000 after buying an additional 1,078 shares during the period. Sandro Wealth Management LLC raised its stake in Altria Group by 9.1% during the second quarter. Sandro Wealth Management LLC now owns 6,213 shares of the company's stock worth $447,000 after buying an additional 516 shares during the last quarter. Private Advisory Group LLC raised its stake in Altria Group by 4.0% during the second quarter. Private Advisory Group LLC now owns 9,794 shares of the company's stock worth $705,000 after buying an additional 379 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC lifted its holdings in Altria Group by 61.7% in the second quarter. Focus Partners Advisor Solutions LLC now owns 68,094 shares of the company's stock valued at $4,899,000 after buying an additional 25,990 shares during the period. Institutional investors own 57.41% of the company's stock.

Altria Group Stock Up 1.3%

Altria Group stock opened at $66.91 on Friday. The company has a market capitalization of $111.72 billion, a PE ratio of 14.12, a PEG ratio of 2.34 and a beta of 0.46. Altria Group, Inc. has a 12-month low of $54.70 and a 12-month high of $77.06. The firm's fifty day moving average is $70.32 and its 200 day moving average is $68.83.

Altria Group (NYSE:MO - Get Free Report) last posted its quarterly 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). Altria Group had a negative return on equity of 315.29% and a net margin of 33.99%.The company had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.35 billion. During the same quarter in the previous year, the business posted $1.44 earnings per share. The company's revenue for the quarter was up 1.2% compared to the same quarter last year. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. Sell-side analysts expect that Altria Group, Inc. will post 5.67 EPS for the current fiscal year.

Insider Transactions at Altria Group

In related news, 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 transaction of $418,327.50. Following the transaction, the director directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ellen R. Strahlman sold 2,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the director owned 25,102 shares in the company, valued at approximately $1,821,401.12. The trade was a 7.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Altria Group in a research report on Tuesday, July 14th. Stifel Nicolaus lifted their price objective on Altria Group from $68.00 to $77.00 and gave the stock a "buy" rating in a research report on Friday, May 1st. BTIG Research initiated coverage on Altria Group in a research note on Tuesday, July 21st. They issued a "neutral" rating on the stock. Jefferies Financial Group upped their target price on Altria Group from $50.00 to $60.00 and gave the company an "underperform" rating in a research report on Wednesday, May 27th. Finally, Citigroup upped their target price on Altria Group from $65.00 to $70.00 and gave the company a "neutral" 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 assigned a Sell rating to the company's stock. According to MarketBeat, Altria Group has an average rating of "Hold" and an average price target of $70.11.

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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