Hourglass Capital LLC Has $5.62 Million Stock Position in Altria Group, Inc. $MO

Hourglass Capital LLC lifted its position in shares of Altria Group, Inc. (NYSE:MO) by 33.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,090 shares of the company’s stock after purchasing an additional 19,607 shares during the quarter. Hourglass Capital LLC’s holdings in Altria Group were worth $5,619,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Cornerstone Planning Group LLC raised its stake in shares of Altria Group by 5.8% in the first 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 in the last quarter. Angeles Wealth Management LLC boosted its stake in Altria Group by 1.3% during the second quarter. Angeles Wealth Management LLC now owns 11,239 shares of the company’s stock worth $821,000 after buying an additional 146 shares in the last quarter. Bernardo Wealth Planning LLC increased its holdings in Altria Group by 4.6% in the 2nd quarter. Bernardo Wealth Planning LLC now owns 3,379 shares of the company’s stock valued at $243,000 after buying an additional 149 shares during the period. Johnson & White Wealth Management LLC increased its holdings in Altria Group by 1.2% in the 4th 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 period. Finally, Kanawha Capital Management LLC raised its stake in shares of Altria Group by 0.8% in the 4th quarter. Kanawha Capital Management LLC now owns 19,546 shares of the company’s stock valued at $1,127,000 after buying an additional 160 shares in the last quarter. 57.41% of the stock is currently owned by institutional investors.

Altria Group Stock Performance

Shares of NYSE:MO opened at $65.72 on Friday. Altria Group, Inc. has a 52 week low of $54.70 and a 52 week high of $77.06. The company’s fifty day moving average is $70.83 and its 200-day moving average is $68.69. The company has a market capitalization of $109.74 billion, a PE ratio of 13.86, a P/E/G ratio of 2.33 and a beta of 0.46.

Altria Group (NYSE:MO) last announced its earnings results on Thursday, July 30th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.02). The firm had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.35 billion. Altria Group had a negative return on equity of 315.29% and a net margin of 33.99%.The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.44 EPS. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. On average, analysts forecast that Altria Group, Inc. will post 5.67 EPS for the current year.

Insider Activity at Altria Group

In other news, Director Ennis Debra J. Kelly sold 5,790 shares of Altria Group stock in a transaction that occurred on Tuesday, May 26th. The shares were 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 approximately $5,332,700.25. The trade was a 7.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction, the director directly owned 25,102 shares in the company, valued at $1,821,401.12. The trade was a 7.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

MO has been the topic of several recent research reports. UBS Group lifted their target price on shares of Altria Group from $76.00 to $79.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Citigroup increased their price target on shares of Altria Group from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Jefferies Financial Group raised their price target on shares of Altria Group from $50.00 to $60.00 and gave the stock an “underperform” rating in a research note on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft lifted their price objective on Altria Group from $60.00 to $66.00 and gave the company a “hold” rating in a report on Monday, May 4th. Finally, Morgan Stanley set a $71.00 target price on Altria Group in a report on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target 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.