Tocqueville Asset Management L.P. Purchases New Shares in Altria Group, Inc. $MO

Tocqueville Asset Management L.P. purchased a new stake in Altria Group, Inc. (NYSE:MO) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 10,260 shares of the company’s stock, valued at approximately $738,000.

Other institutional investors have also recently bought and sold shares of the company. Comprehensive Financial Planning Inc. PA purchased a new stake in Altria Group during the second quarter valued at about $26,000. Darwin Wealth Management LLC purchased a new position in shares of Altria Group in the second quarter worth approximately $27,000. Navalign LLC purchased a new position in shares of Altria Group in the fourth quarter worth approximately $28,000. Miller Capital Partners Inc. purchased a new position in shares of Altria Group in the fourth quarter worth approximately $29,000. Finally, Hughes Financial Services LLC raised its holdings in shares of Altria Group by 62.9% during the fourth quarter. Hughes Financial Services LLC now owns 510 shares of the company’s stock valued at $29,000 after acquiring an additional 197 shares during the period. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Altria Group Trading Down 1.6%

MO opened at $65.87 on Friday. The stock has a market cap of $109.99 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 2.34 and a beta of 0.46. Altria Group, Inc. has a 1 year low of $54.70 and a 1 year high of $77.06. The stock has a fifty day moving average price of $70.20 and a 200 day moving average price of $68.81.

Altria Group (NYSE:MO) last issued its earnings results on Thursday, July 30th. The company reported $1.48 EPS 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 during the quarter, compared to analysts’ expectations of $5.35 billion. During the same quarter last year, the firm earned $1.44 EPS. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. As a group, sell-side analysts forecast that Altria Group, Inc. will post 5.67 earnings per share for the current fiscal year.

Insider Activity at Altria Group

In related news, Director Ellen R. Strahlman sold 2,000 shares of the business’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 completion of the sale, the director 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 completion of the transaction, the director owned 73,809 shares in the company, valued at $5,332,700.25. This represents a 7.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on MO shares. Barclays reduced their price target on shares of Altria Group from $64.00 to $58.00 and set an “underweight” rating for the company in a research report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Altria Group from $60.00 to $66.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. Stifel Nicolaus increased their target price on Altria Group from $68.00 to $77.00 and gave the company a “buy” rating in a report on Friday, May 1st. Citigroup raised 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. Finally, UBS Group lifted their price target on Altria Group from $76.00 to $79.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price 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.