Nicolet Advisory Services Boosts Stake in Altria Group

Investment firm increases holding in tobacco company by 88.5% in third quarter

Mar. 14, 2026 at 10:10am

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Nicolet Advisory Services LLC raised its position in Altria Group, Inc. (NYSE:MO) by 88.5% during the third quarter, according to the company's recent SEC filing. The firm now owns 26,534 shares of the company's stock, valued at $1.769 million.

Why it matters

Altria Group is one of the largest tobacco companies in the United States, owning major cigarette brands like Marlboro. The increase in Nicolet Advisory Services' stake suggests the firm sees continued growth potential in Altria despite ongoing public health concerns and regulatory pressures facing the tobacco industry.

The details

Nicolet Advisory Services acquired an additional 12,459 shares of Altria Group during the third quarter, bringing its total holdings to 26,534 shares. This represents an 88.5% increase in the firm's position in the tobacco company. Altria Group has a market cap of $113.62 billion and its stock is trading around $67.96 per share.

  • Nicolet Advisory Services increased its Altria Group holdings during the third quarter of 2026.

The players

Nicolet Advisory Services LLC

An investment management firm that provides financial advisory services.

Altria Group, Inc.

A U.S.-based consumer goods company that manufactures and sells tobacco products, including the Marlboro cigarette brand.

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The takeaway

Nicolet Advisory Services' increased stake in Altria Group suggests the firm sees long-term growth potential in the tobacco company, despite ongoing public health concerns and regulatory challenges facing the industry.