TD Asset Management Inc Lowers Position in Altria Group, Inc. $MO

TD Asset Management Inc decreased its stake in shares of Altria Group, Inc. (NYSE:MO) by 7.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 833,067 shares of the company’s stock after selling 62,560 shares during the quarter. TD Asset Management Inc’s holdings in Altria Group were worth $59,939,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MO. Cornerstone Planning Group LLC boosted its holdings in shares of Altria Group by 5.8% during 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 during the last quarter. Angeles Wealth Management LLC increased its holdings in shares of Altria Group by 1.3% in the second quarter. Angeles Wealth Management LLC now owns 11,239 shares of the company’s stock worth $821,000 after purchasing an additional 146 shares during the last quarter. Bernardo Wealth Planning LLC lifted its position in shares of Altria Group by 4.6% in the second 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 lifted its position in shares of Altria Group by 1.3% in the second 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, Johnson & White Wealth Management LLC boosted its stake in Altria Group by 1.2% during the fourth quarter. Johnson & White Wealth Management LLC now owns 12,704 shares of the company’s stock valued at $733,000 after buying an additional 154 shares during the last quarter. 57.41% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Altria Group

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 transaction of $418,327.50. Following the transaction, the director directly owned 73,809 shares in the company, valued at approximately $5,332,700.25. This represents a 7.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ellen R. Strahlman sold 2,000 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $72.56, for a total transaction of $145,120.00. Following the completion of the sale, the director directly 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 insiders.

Altria Group Stock Up 2.1%

Shares of MO opened at $65.32 on Wednesday. The company has a market cap of $109.07 billion, a PE ratio of 13.78, a P/E/G ratio of 2.33 and a beta of 0.46. The business has a fifty day moving average of $70.55 and a 200 day moving average of $68.75. Altria Group, Inc. has a 52-week low of $54.70 and a 52-week high of $77.06.

Altria Group (NYSE:MO) last posted 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 net margin of 33.99% and a negative return on equity of 315.29%. The firm had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $5.35 billion. During the same quarter last 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, research analysts anticipate that Altria Group, Inc. will post 5.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft increased their target price on Altria Group from $60.00 to $66.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Jefferies Financial Group increased their price objective on shares of Altria Group from $50.00 to $60.00 and gave the company an “underperform” rating in a research report on Wednesday, May 27th. Stifel Nicolaus boosted their target price on shares of Altria Group from $68.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Barclays decreased their target price on shares of Altria Group from $64.00 to $58.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 11th. Finally, UBS Group increased their price target on shares of Altria Group from $76.00 to $79.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $70.11.

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.