Hourglass Capital LLC Has $4.81 Million Stock Holdings in Altria Group, Inc. $MO

Hourglass Capital LLC lifted its holdings in shares of Altria Group, Inc. (NYSE:MO) by 14.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,840 shares of the company’s stock after purchasing an additional 8,357 shares during the period. Hourglass Capital LLC’s holdings in Altria Group were worth $4,809,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in Altria Group by 64.7% in the fourth quarter. Brighton Jones LLC now owns 17,702 shares of the company’s stock valued at $926,000 after buying an additional 6,954 shares during the period. Sivia Capital Partners LLC grew its position in shares of Altria Group by 86.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 6,361 shares of the company’s stock worth $373,000 after buying an additional 2,946 shares during the period. Schnieders Capital Management LLC. grew its position in shares of Altria Group by 6.9% during the 2nd quarter. Schnieders Capital Management LLC. now owns 9,630 shares of the company’s stock worth $565,000 after buying an additional 618 shares during the period. Gamco Investors INC. ET AL bought a new stake in shares of Altria Group in the 2nd quarter valued at $346,000. Finally, AXA S.A. bought a new stake in shares of Altria Group in the 2nd quarter valued at $5,752,000. Institutional investors and hedge funds own 57.41% of the company’s stock.

Insider Activity

In related news, 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 value 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ellen R. Strahlman sold 2,000 shares of the firm’s stock in a transaction dated 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 directly owned 25,102 shares in the company, 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. Insiders own 0.10% of the company’s stock.

Altria Group Trading Up 1.0%

NYSE MO opened at $65.72 on Friday. The company has a market cap of $109.74 billion, a P/E ratio of 13.86, a PEG ratio of 2.33 and a beta of 0.46. The company has a fifty day simple moving average of $70.83 and a 200 day simple moving average of $68.69. Altria Group, Inc. has a 12-month low of $54.70 and a 12-month high of $77.06.

Altria Group (NYSE:MO) last released its quarterly earnings data 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 negative return on equity of 315.29% and a net margin of 33.99%.The business had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.35 billion. During the same quarter in the previous year, the company posted $1.44 EPS. The business’s quarterly 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. Sell-side analysts predict that Altria Group, Inc. will post 5.67 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of Altria Group from $60.00 to $66.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. Wall Street Zen downgraded shares of Altria Group from a “buy” rating to a “hold” rating in a research note on Sunday, June 21st. Barclays dropped their price objective on shares of Altria Group from $64.00 to $58.00 and set an “underweight” rating on the stock in a report on Tuesday. BTIG Research initiated coverage on shares of Altria Group in a research report on Tuesday, July 21st. They set a “neutral” rating on the stock. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $77.00 target price on shares of Altria Group in a research note on Thursday, April 30th. Five investment 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 company currently has an average rating of “Hold” and an average 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.