WealthCare Asset Management LLC Takes $2.17 Million Position in Altria Group, Inc. $MO

WealthCare Asset Management LLC bought a new stake in shares of Altria Group, Inc. (NYSE:MO) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 30,232 shares of the company’s stock, valued at approximately $2,175,000. Altria Group makes up 0.9% of WealthCare Asset Management LLC’s portfolio, making the stock its 21st biggest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC purchased a new position in Altria Group in the second quarter valued at about $27,000. Navalign LLC purchased a new stake in shares of Altria Group in the fourth quarter worth about $28,000. Hughes Financial Services LLC boosted its position 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 worth $29,000 after buying an additional 197 shares during the period. Miller Capital Partners Inc. acquired a new stake in shares of Altria Group in the fourth quarter valued at about $29,000. Finally, Quattro Advisors LLC acquired a new stake in shares of Altria Group in the fourth quarter valued at about $33,000. 57.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on MO shares. Morgan Stanley set a $71.00 target price on Altria Group in a report on Friday, May 1st. Weiss Ratings restated a “buy (b)” rating on shares of Altria Group in a report on Tuesday, July 14th. 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 research report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Altria Group from $60.00 to $66.00 and gave the company a “hold” rating in a research note on Monday, May 4th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $77.00 target price on shares of Altria Group in a research report on Thursday, April 30th. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $70.11.

Insider Activity at Altria Group

In related 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 directly owned 73,809 shares of the company’s stock, valued at approximately $5,332,700.25. This represents a 7.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ellen R. Strahlman sold 2,000 shares of the firm’s stock in a transaction 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 transaction, the director owned 25,102 shares in the company, valued at $1,821,401.12. This trade represents a 7.38% 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 company insiders.

Altria Group Stock Performance

Shares of Altria Group stock opened at $65.72 on Monday. Altria Group, Inc. has a 1 year low of $54.70 and a 1 year high of $77.06. The firm’s 50-day simple moving average is $70.83 and its 200-day simple moving average is $68.73. The firm has a market cap of $109.74 billion, a PE ratio of 13.86, a price-to-earnings-growth ratio of 2.33 and a beta of 0.46.

Altria Group (NYSE:MO) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.48 EPS 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 during the quarter, compared to analyst estimates of $5.35 billion. During the same quarter last year, the business posted $1.44 earnings per share. 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. On average, equities analysts predict that Altria Group, Inc. will post 5.67 earnings per share for the current year.

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.