London Co. of Virginia Sells 76,430 Shares of Altria Group, Inc.

Institutional investor reduces stake in tobacco giant

Mar. 17, 2026 at 10:06am

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London Co. of Virginia, an investment management firm, has lowered its holdings in Altria Group, Inc. (NYSE:MO) by 1.9% in the third quarter, according to a recent SEC filing. The firm now owns 3,951,964 shares of the company's stock, valued at $261,068,000, after selling 76,430 shares during the quarter.

Why it matters

Altria Group is one of the largest tobacco companies in the United States, and changes in institutional ownership can signal shifts in investor sentiment towards the stock and the broader industry. The reduction in London Co. of Virginia's stake may reflect broader concerns about the long-term outlook for traditional tobacco products.

The details

According to the SEC filing, London Co. of Virginia sold 76,430 shares of Altria Group during the third quarter, reducing its total holdings to 3,951,964 shares. The firm's investment in Altria Group accounts for approximately 1.4% of its overall investment portfolio, making it the 25th largest holding.

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

The players

London Co. of Virginia

An investment management firm that has reduced its stake in Altria Group, Inc.

Altria Group, Inc.

A major U.S. tobacco company that produces and markets cigarettes, smokeless tobacco, and cigars.

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The takeaway

The reduction in London Co. of Virginia's Altria Group holdings may signal broader concerns about the long-term outlook for traditional tobacco products, as the industry faces increasing regulatory scrutiny and shifting consumer preferences towards alternative nicotine delivery systems.