P.A.W. Capital Corp purchased a new stake in Altria Group, Inc. (NYSE:MO - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm purchased 27,150 shares of the company's stock, valued at approximately $1,953,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Darwin Wealth Management LLC bought a new stake in Altria Group in the second quarter valued at approximately $27,000. Navalign LLC bought a new stake in shares of Altria Group in the 4th quarter valued at $28,000. Miller Capital Partners Inc. bought a new stake in shares of Altria Group in the 4th quarter valued at $29,000. Hughes Financial Services LLC raised its stake in Altria Group by 62.9% during the 4th quarter. Hughes Financial Services LLC now owns 510 shares of the company's stock worth $29,000 after buying an additional 197 shares during the period. Finally, Physician Wealth Advisors Inc. raised its stake in Altria Group by 78.8% during the 1st quarter. Physician Wealth Advisors Inc. now owns 524 shares of the company's stock worth $35,000 after buying an additional 231 shares during the period. Institutional investors own 57.41% of the company's stock.
Insider Transactions at Altria Group
In other news, 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 sale, the director owned 25,102 shares of the company's stock, valued at approximately $1,821,401.12. This represents a 7.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ennis Debra J. Kelly sold 5,790 shares of the firm's stock in a transaction 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 directly owned 73,809 shares of the company's stock, valued at $5,332,700.25. This represents a 7.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.10% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their target price on Altria Group from $60.00 to $66.00 and gave the stock a "hold" rating in a report on Monday, May 4th. Citigroup raised their price target on Altria Group from $65.00 to $70.00 and gave the stock a "neutral" rating in a research report on Friday, May 1st. Weiss Ratings reiterated a "buy (b)" rating on shares of Altria Group in a report on Tuesday, July 14th. Stifel Nicolaus boosted their price objective on Altria Group from $68.00 to $77.00 and gave the company a "buy" rating in a research report on Friday, May 1st. Finally, Wall Street Zen cut Altria Group from a "buy" rating to a "hold" rating in a research note on Sunday, June 21st. 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 company. Based on data from MarketBeat.com, Altria Group currently has a consensus rating of "Hold" and an average price target of $70.11.
Get Our Latest Stock Analysis on Altria Group
Altria Group Trading Up 1.0%
Altria Group stock opened at $65.05 on Friday. The company has a market cap of $108.62 billion, a P/E ratio of 13.72, a price-to-earnings-growth ratio of 2.28 and a beta of 0.46. Altria Group, Inc. has a 1-year low of $54.70 and a 1-year high of $77.06. The company has a fifty day simple moving average of $70.96 and a 200 day simple moving average of $68.72.
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). Altria Group had a negative return on equity of 315.29% and a net margin of 33.99%.The business had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $5.35 billion. During the same period last year, the firm earned $1.44 earnings per share. The company's quarterly revenue 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. On average, equities research analysts forecast that Altria Group, Inc. will post 5.67 EPS for the current year.
About Altria Group
(
Free Report)
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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