Russell Investments Group Ltd. Has $112.19 Million Stock Holdings in Altria Group, Inc. $MO

Russell Investments Group Ltd. trimmed its position in Altria Group, Inc. (NYSE:MO) by 6.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,556,419 shares of the company’s stock after selling 115,160 shares during the quarter. Russell Investments Group Ltd.’s holdings in Altria Group were worth $112,189,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MO. Cornerstone Planning Group LLC boosted its holdings in shares of Altria Group by 5.8% in the 1st quarter. Cornerstone Planning Group LLC now owns 2,619 shares of the company’s stock valued at $191,000 after purchasing an additional 143 shares in the last quarter. Angeles Wealth Management LLC increased its stake in shares of Altria Group by 1.3% in the 2nd quarter. Angeles Wealth Management LLC now owns 11,239 shares of the company’s stock valued at $821,000 after purchasing an additional 146 shares during the last quarter. Bernardo Wealth Planning LLC raised its holdings in shares of Altria Group by 4.6% during the 2nd quarter. Bernardo Wealth Planning LLC now owns 3,379 shares of the company’s stock worth $243,000 after buying an additional 149 shares in the last quarter. Old Peak Finance LLC raised its holdings in shares of Altria Group by 1.3% during the 2nd quarter. Old Peak Finance LLC now owns 11,920 shares of the company’s stock worth $858,000 after buying an additional 151 shares in the last quarter. Finally, Joel Isaacson & Co. LLC raised its holdings in shares of Altria Group by 0.7% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 23,324 shares of the company’s stock worth $1,678,000 after buying an additional 152 shares in 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 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 value 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 represents a 7.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, 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 transaction, 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 position. The SEC filing for this sale provides additional information. Company insiders own 0.10% of the company’s stock.

Altria Group Stock Performance

Shares of MO opened at $66.08 on Thursday. Altria Group, Inc. has a 52 week low of $54.70 and a 52 week high of $77.06. The stock has a market capitalization of $110.33 billion, a price-to-earnings ratio of 13.94, a PEG ratio of 2.31 and a beta of 0.46. The stock has a fifty day moving average of $70.41 and a 200-day moving average of $68.80.

Altria Group (NYSE:MO) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.48 earnings per share 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 firm had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $5.35 billion. During the same quarter in the prior year, the firm earned $1.44 EPS. The company’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. As a group, equities analysts forecast that Altria Group, Inc. will post 5.67 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MO. Stifel Nicolaus raised their price objective on Altria Group from $68.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Weiss Ratings reissued a “buy (b)” rating on shares of Altria Group in a research note on Tuesday, July 14th. Citigroup boosted their target price on Altria Group from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Wall Street Zen cut shares of Altria Group from a “buy” rating to a “hold” rating in a report on Sunday, June 21st. Finally, UBS Group raised their price target on shares of Altria Group from $76.00 to $79.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Five equities 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’s stock. Based on data from MarketBeat.com, Altria Group has an average rating of “Hold” and a consensus price target 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.