OneAscent Financial Services LLC Invests $619,000 in Altria Group, Inc. $MO

OneAscent Financial Services LLC acquired a new position in shares of Altria Group, Inc. (NYSE:MO) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 8,610 shares of the company’s stock, valued at approximately $619,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of MO. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of Altria Group in the second quarter valued at about $26,000. Darwin Wealth Management LLC acquired a new position in shares of Altria Group during the 2nd quarter worth about $27,000. Navalign LLC acquired a new position in shares of Altria Group during the 4th quarter worth about $28,000. Miller Capital Partners Inc. bought a new stake in Altria Group during the 4th quarter valued at approximately $29,000. Finally, Hughes Financial Services LLC boosted its stake in Altria Group by 62.9% during the 4th quarter. Hughes Financial Services LLC now owns 510 shares of the company’s stock valued at $29,000 after purchasing an additional 197 shares during the period. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Altria Group

In other news, Director Ennis Debra J. Kelly sold 5,790 shares of the company’s 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ellen R. Strahlman sold 2,000 shares of the 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 completion of the transaction, the director directly owned 25,102 shares of the company’s stock, valued at approximately $1,821,401.12. The trade was a 7.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

MO has been the topic of a number of research analyst reports. BTIG Research initiated coverage on Altria Group in a report on Tuesday, July 21st. They issued a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft upped 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. Wall Street Zen cut Altria Group from a “buy” rating to a “hold” rating in a research report on Sunday, June 21st. Citigroup raised their price objective on shares of Altria Group from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $77.00 target price on shares of Altria Group in a research report on Thursday, April 30th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Altria Group currently has an average rating of “Hold” and a consensus price target of $70.11.

Altria Group Stock Performance

Shares of MO stock opened at $65.87 on Monday. The firm has a fifty day moving average of $70.20 and a 200-day moving average of $68.86. The stock has a market cap of $109.99 billion, a price-to-earnings ratio of 13.90, a P/E/G ratio of 2.34 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.

Altria Group (NYSE:MO) last issued 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). The business had revenue of $5.36 billion for 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% on a year-over-year basis. During the same quarter last year, the firm posted $1.44 earnings per share. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. On average, sell-side analysts predict that Altria Group, Inc. will post 5.67 earnings per share for the current year.

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.