Richard Bernstein Advisors Reduces Altria Group Stake

Investment firm sells 59,195 shares of tobacco company's stock

Published on Mar. 10, 2026

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Richard Bernstein Advisors LLC lowered its position in shares of Altria Group, Inc. (NYSE:MO) by 54.4% in the third quarter, according to the company's recent SEC filing. The firm now owns 49,604 shares of the company's stock, down from 108,799 shares previously.

Why it matters

Altria Group is one of the largest tobacco companies in the United States, and changes in institutional ownership of its stock can signal shifts in investor sentiment toward the company and the broader tobacco industry.

The details

According to the SEC filing, Richard Bernstein Advisors sold 59,195 shares of Altria Group stock during the third quarter. The firm's holdings in Altria are now valued at $3,277,000, down from $7,197,000 at the end of the prior quarter.

  • The share sale occurred in the third quarter of the year.

The players

Richard Bernstein Advisors LLC

An investment management firm that lowered its position in Altria Group.

Altria Group, Inc.

A major U.S. tobacco company whose stock is traded on the New York Stock Exchange under the ticker symbol MO.

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The takeaway

The reduction in Richard Bernstein Advisors' Altria Group holdings could signal a broader shift in investor sentiment toward the tobacco industry, as concerns around regulation, health risks, and changing consumer preferences continue to weigh on the sector.