TD Waterhouse Canada Inc. Buys 40,086 Shares of Altria Group, Inc. $MO

Key Points

• TD Waterhouse Canada increased its Altria stake by 36.1%, purchasing 40,086 additional shares to hold 151,000 shares valued at approximately $10.8 million. Institutional investors collectively own 57.41% of the company.
• Altria reported quarterly revenue of $5.36 billion, up 1.2% year over year, but EPS of $1.48 slightly missed the $1.50 analyst consensus. The company maintained fiscal 2026 EPS guidance of $5.610–$5.720.
• Analyst sentiment remains mixed, with an overall “Hold” rating and a consensus price target of $70.11; meanwhile, two directors sold shares in May, reducing their holdings by roughly 7% each.

TD Waterhouse Canada Inc. increased its stake in shares of Altria Group, Inc. (NYSE:MO - Free Report) by 36.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 151,000 shares of the company's stock after acquiring an additional 40,086 shares during the period. TD Waterhouse Canada Inc.'s holdings in Altria Group were worth $10,806,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Darwin Wealth Management LLC acquired a new position in Altria Group in the 2nd quarter worth $27,000. Navalign LLC acquired a new stake in shares of Altria Group in the 4th quarter valued at about $28,000. Miller Capital Partners Inc. bought a new stake in shares of Altria Group in the fourth quarter valued at about $29,000. Hughes Financial Services LLC lifted its holdings in shares of Altria Group by 62.9% in the fourth quarter. Hughes Financial Services LLC now owns 510 shares of the company's stock valued at $29,000 after purchasing an additional 197 shares in the last quarter. Finally, Physician Wealth Advisors Inc. lifted its holdings in shares of Altria Group by 78.8% in the first quarter. Physician Wealth Advisors Inc. now owns 524 shares of the company's stock valued at $35,000 after purchasing an additional 231 shares in the last quarter. 57.41% of the stock is owned by institutional investors.

Altria Group Price Performance

Altria Group stock opened at $65.05 on Friday. The firm has a 50-day moving average of $70.96 and a 200-day moving average of $68.72. Altria Group, Inc. has a one year low of $54.70 and a one year high of $77.06. The company has a market cap of $108.62 billion, a price-to-earnings ratio of 13.72, a P/E/G ratio of 2.28 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 (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.35 billion. During the same period in the prior year, the firm posted $1.44 EPS. Altria Group's 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. As a group, sell-side analysts expect that Altria Group, Inc. will post 5.67 earnings per share for the current year.

Insider Buying and Selling

In other 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 sale, the director owned 73,809 shares in the company, valued at $5,332,700.25. This represents a 7.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ellen R. Strahlman sold 2,000 shares of the 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 directly owned 25,102 shares of the company's stock, valued at approximately $1,821,401.12. The trade was a 7.38% decrease in their position. The SEC filing for this sale provides additional information. 0.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on MO. The Goldman Sachs Group reiterated a "buy" rating and set a $77.00 price objective on shares of Altria Group in a report on Thursday, April 30th. Barclays cut their target price on Altria Group from $64.00 to $58.00 and set an "underweight" rating on the stock in a research note on Tuesday. Morgan Stanley set a $71.00 price target on Altria Group in a research report on Friday, May 1st. BTIG Research began coverage on shares of Altria Group in a research note on Tuesday, July 21st. They set a "neutral" rating for the company. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Altria Group in a report on Tuesday, July 14th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $70.11.

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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