NewEdge Wealth LLC Makes New Investment in Altria Group, Inc. $MO

Key Points

• NewEdge Wealth purchased 59,746 Altria shares in the second quarter, valued at approximately $4.3 million. Institutional investors collectively own 57.41% of Altria’s outstanding stock.
• Analyst sentiment is mixed, with five Buy, four Hold, and two Sell ratings; the consensus rating is Hold with a target price of $70.11.
• Altria reported quarterly revenue of $5.36 billion, up 1.2% year over year, but adjusted earnings of $1.48 per share missed estimates by $0.02. The company issued fiscal 2026 EPS guidance of $5.61 to $5.72.

NewEdge Wealth LLC purchased a new position in shares of Altria Group, Inc. (NYSE:MO - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 59,746 shares of the company's stock, valued at approximately $4,299,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Altria Group by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 160,980,626 shares of the company's stock worth $9,282,143,000 after purchasing an additional 1,903,530 shares during the last quarter. BlackRock Inc. increased its position in Altria Group by 1.1% in the 2nd quarter. BlackRock Inc. now owns 126,073,166 shares of the company's stock worth $9,070,964,000 after buying an additional 1,325,175 shares during the period. State Street Corp increased its position in Altria Group by 1.6% in the 4th quarter. State Street Corp now owns 72,830,531 shares of the company's stock worth $4,275,886,000 after buying an additional 1,147,141 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Altria Group by 10.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 65,516,916 shares of the company's stock worth $3,777,931,000 after buying an additional 6,265,780 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Altria Group by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 45,984,718 shares of the company's stock worth $2,651,383,000 after buying an additional 729,999 shares during the last quarter. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Altria Group

In other news, Director Ellen R. Strahlman sold 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $72.56, for a total transaction of $145,120.00. Following the completion of the sale, the director owned 25,102 shares of the company's stock, valued at approximately $1,821,401.12. This trade represents a 7.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 transaction, the director owned 73,809 shares of the company's stock, valued at $5,332,700.25. This trade 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 insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Morgan Stanley set a $71.00 price objective on Altria Group in a research report on Friday, May 1st. Wall Street Zen lowered shares of Altria Group from a "buy" rating to a "hold" rating in a research report on Sunday, June 21st. Weiss Ratings reiterated a "buy (b)" rating on shares of Altria Group in a research note on Tuesday, July 14th. BTIG Research began coverage on shares of Altria Group in a report on Tuesday, July 21st. They issued a "neutral" rating for the company. Finally, Jefferies Financial Group raised their price target on shares of Altria Group from $50.00 to $60.00 and gave the stock an "underperform" rating in a research report on Wednesday, May 27th. Five research 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, Altria Group has a consensus rating of "Hold" and a consensus target price of $70.11.

Altria Group Stock Performance

Shares of NYSE MO opened at $65.87 on Friday. The stock has a market cap of $109.99 billion, a PE ratio of 13.90, a PEG ratio of 2.34 and a beta of 0.46. The business has a fifty day moving average of $70.20 and a two-hundred day moving average of $68.81. Altria Group, Inc. has a 52-week low of $54.70 and a 52-week high of $77.06.

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