one8zero8 LLC Acquires Shares of 31,504 Altria Group, Inc. $MO

one8zero8 LLC acquired a new position in shares of Altria Group, Inc. (NYSE:MO) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 31,504 shares of the company’s stock, valued at approximately $2,267,000.

A number of other hedge funds also recently modified their holdings of the stock. West Family Investments Inc. bought a new stake in shares of Altria Group in the second quarter valued at $439,000. Tacita Capital Inc purchased a new position in Altria Group in the 2nd quarter valued at approximately $75,000. NewEdge Wealth LLC purchased a new stake in shares of Altria Group during the second quarter worth $4,299,000. Smith Partners Wealth Management LLC bought a new position in Altria Group in the 2nd quarter worth about $259,000. Finally, Chancellor Financial Group WB LP bought a new position in shares of Altria Group in the second quarter valued at approximately $504,000. Institutional investors own 57.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on MO shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Altria Group in a research report on Tuesday, July 14th. Stifel Nicolaus boosted their target price on Altria Group from $68.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Barclays lowered their price objective on shares of Altria Group from $64.00 to $58.00 and set an “underweight” rating for the company in a report on Tuesday, August 11th. Citigroup boosted their price target on shares of Altria Group from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Finally, BTIG Research initiated coverage on Altria Group in a report on Tuesday, July 21st. They set a “neutral” rating for the company. 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 company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $70.11.

Insider Transactions at Altria Group

In other Altria Group news, Director Ellen R. Strahlman sold 2,000 shares of Altria Group 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 approximately $1,821,401.12. The trade was a 7.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ennis Debra J. Kelly sold 5,790 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $72.25, for a total transaction of $418,327.50. Following the sale, the director directly owned 73,809 shares of the company’s stock, valued at $5,332,700.25. The trade was a 7.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is currently owned by company insiders.

Altria Group Trading Down 1.6%

Shares of NYSE MO opened at $65.87 on Friday. Altria Group, Inc. has a 12 month low of $54.70 and a 12 month high of $77.06. The firm has a fifty day simple moving average of $70.20 and a two-hundred day simple moving average of $68.81. The firm has a market capitalization of $109.99 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 2.34 and a beta of 0.46.

Altria Group (NYSE:MO) last announced its earnings results on Thursday, July 30th. The company reported $1.48 earnings per share (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 firm had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $5.35 billion. During the same period in the prior year, the company posted $1.44 EPS. The firm’s revenue was up 1.2% on a year-over-year basis. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. On average, sell-side analysts predict that Altria Group, Inc. will post 5.67 earnings per share for the current year.

Altria Group 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.