Reliant Investment Partners LLC Buys New Holdings in Altria Group, Inc. $MO

Reliant Investment Partners LLC purchased a new position in Altria Group, Inc. (NYSE:MO) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 8,888 shares of the company’s stock, valued at approximately $639,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Comprehensive Financial Planning Inc. PA bought a new position in shares of Altria Group during the second quarter worth $26,000. Darwin Wealth Management LLC purchased a new position in Altria Group during the second quarter valued at $27,000. Navalign LLC bought a new stake in Altria Group in the 4th quarter valued at $28,000. Miller Capital Partners Inc. bought a new stake in Altria Group in the 4th quarter valued at $29,000. Finally, Hughes Financial Services LLC lifted its stake in Altria Group by 62.9% in the 4th quarter. Hughes Financial Services LLC now owns 510 shares of the company’s stock worth $29,000 after purchasing an additional 197 shares in the last quarter. 57.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MO has been the subject of several research reports. Barclays dropped their price objective on shares of Altria Group from $64.00 to $58.00 and set an “underweight” rating for the company in a report on Tuesday, August 11th. Jefferies Financial Group lifted their target price on Altria Group from $50.00 to $60.00 and gave the stock an “underperform” rating in a report on Wednesday, May 27th. Citigroup boosted their target price 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 initiated coverage on Altria Group in a research note on Tuesday, July 21st. They set a “neutral” rating for the company. Finally, The Goldman Sachs Group restated a “buy” rating and set a $77.00 price target on shares of Altria Group in a 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 given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $70.11.

Insider Buying and Selling

In other news, Director Ennis Debra J. Kelly sold 5,790 shares of the 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 sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ellen R. Strahlman sold 2,000 shares of the firm’s stock in a transaction that occurred 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 sale, the director directly owned 25,102 shares of the company’s stock, valued at $1,821,401.12. This represents a 7.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.10% of the company’s stock.

Altria Group Trading Down 0.3%

MO stock opened at $65.87 on Monday. The stock has a market cap of $109.99 billion, a PE ratio of 13.90, a P/E/G ratio of 2.34 and a beta of 0.46. Altria Group, Inc. has a 12 month low of $54.70 and a 12 month high of $77.06. The company has a 50-day moving average price of $70.20 and a 200 day moving average price of $68.86.

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). The firm had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $5.35 billion. Altria Group had a negative return on equity of 315.29% and a net margin of 33.99%.The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the company earned $1.44 earnings per share. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. Sell-side analysts forecast that Altria Group, Inc. will post 5.67 EPS 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.