Altria Group, Inc. $MO Shares Sold by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. lessened its position in shares of Altria Group, Inc. (NYSE:MO) by 10.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 94,171 shares of the company’s stock after selling 10,500 shares during the period. Altria Group comprises 0.8% of University of Texas Texas AM Investment Management Co.’s investment portfolio, making the stock its 23rd biggest holding. University of Texas Texas AM Investment Management Co.’s holdings in Altria Group were worth $6,874,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MO. Darwin Wealth Management LLC purchased a new stake in shares of Altria Group during the 2nd quarter worth $27,000. Navalign LLC acquired a new position in shares of Altria Group during the fourth quarter worth $28,000. Miller Capital Partners Inc. purchased a new position in Altria Group in the fourth quarter valued at $29,000. Hughes Financial Services LLC increased its holdings in Altria Group by 62.9% in the fourth quarter. Hughes Financial Services LLC now owns 510 shares of the company’s stock valued at $29,000 after buying an additional 197 shares during the last quarter. Finally, Physician Wealth Advisors Inc. raised its stake in Altria Group by 78.8% in the first quarter. Physician Wealth Advisors Inc. now owns 524 shares of the company’s stock valued at $35,000 after buying an additional 231 shares in the last quarter. 57.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on MO shares. Deutsche Bank Aktiengesellschaft lifted their price target on Altria Group from $60.00 to $66.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of Altria Group in a report on Tuesday, July 14th. Jefferies Financial Group boosted their target price on Altria Group from $50.00 to $60.00 and gave the stock an “underperform” rating in a research note on Wednesday, May 27th. BTIG Research initiated coverage on Altria Group in a report on Tuesday, July 21st. They issued a “neutral” rating for the company. Finally, Citigroup increased their price target on shares of Altria Group from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $70.11.

Insider Buying and Selling at Altria Group

In related news, Director Ellen R. Strahlman sold 2,000 shares of the stock in a transaction on 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 sale, the director owned 25,102 shares in the company, valued at $1,821,401.12. This represents a 7.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ennis Debra J. Kelly sold 5,790 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 73,809 shares in the company, valued at $5,332,700.25. The trade was a 7.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.10% of the stock is owned by corporate insiders.

Altria Group Stock Up 2.1%

MO opened at $65.32 on Wednesday. The firm has a market cap of $109.07 billion, a price-to-earnings ratio of 13.78, a price-to-earnings-growth ratio of 2.33 and a beta of 0.46. Altria Group, Inc. has a 52 week low of $54.70 and a 52 week high of $77.06. The business’s 50 day moving average is $70.55 and its two-hundred day moving average is $68.75.

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 the consensus estimate of $1.50 by ($0.02). The firm had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.35 billion. Altria Group had a net margin of 33.99% and a negative return on equity of 315.29%. Altria Group’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.44 earnings per share. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. Equities analysts expect that Altria Group, Inc. will post 5.67 EPS for the current fiscal year.

About Altria Group

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.