Wealthcare Advisory Partners LLC Lowers Holdings in Altria Group, Inc. $MO

Wealthcare Advisory Partners LLC lowered its position in shares of Altria Group, Inc. (NYSE:MO) by 21.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 44,220 shares of the company’s stock after selling 11,862 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Altria Group were worth $3,182,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Darwin Wealth Management LLC acquired a new stake in Altria Group in the second quarter valued at about $27,000. Navalign LLC acquired a new position in Altria Group during the 4th quarter worth approximately $28,000. Miller Capital Partners Inc. purchased a new position in shares of Altria Group during the 4th quarter worth approximately $29,000. Hughes Financial Services LLC raised its stake in shares of 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 in the last quarter. Finally, Physician Wealth Advisors Inc. grew its holdings in Altria Group by 78.8% during the first quarter. Physician Wealth Advisors Inc. now owns 524 shares of the company’s stock worth $35,000 after acquiring an additional 231 shares during the period. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Stock Performance

Shares of MO stock opened at $64.43 on Thursday. The stock has a fifty day moving average price of $71.07 and a 200 day moving average price of $68.69. The stock has a market cap of $107.58 billion, a PE ratio of 13.59, a P/E/G ratio of 2.31 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.

Altria Group (NYSE:MO) last posted its earnings results on Thursday, July 30th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.35 billion. During the same period last year, the company posted $1.44 EPS. 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. As a group, equities research analysts predict that Altria Group, Inc. will post 5.67 earnings per share for the current year.

Insider Activity

In related news, Director Ellen R. Strahlman sold 2,000 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $72.56, for a total value of $145,120.00. Following the sale, the director directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ennis Debra J. Kelly sold 5,790 shares of the firm’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 transaction, the director owned 73,809 shares of the company’s stock, valued at $5,332,700.25. This trade represents a 7.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MO has been the subject of several research analyst reports. Citigroup increased their price objective on Altria Group from $65.00 to $70.00 and gave the stock a “neutral” rating 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 on the stock. Stifel Nicolaus increased their price target on shares of Altria Group from $68.00 to $77.00 and gave the company a “buy” rating in a report on Friday, May 1st. Wall Street Zen cut shares of Altria Group from a “buy” rating to a “hold” rating in a research note on Sunday, June 21st. Finally, Morgan Stanley set a $71.00 price objective on shares of Altria Group in a report on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently 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.