A Clash of Titans: The High-Stakes Battle Over Altria’s Future

Altria US02209S1033

A quiet but intense struggle is unfolding among major financial institutions over the tobacco giant Altria. The latest regulatory filings reveal a stark divide, with some asset managers building substantial positions while others are rapidly exiting. This fundamental disagreement on the company’s valuation is creating a uniquely volatile situation for its shares.

Recent mandatory disclosures from December 2, 2025, highlight the dramatic split in institutional sentiment. On one side, Northwestern Mutual Wealth Management significantly increased its stake by 6.7 percent, bringing its total holding to approximately $15 million. This move represents a clear vote of confidence in the company’s long-term narrative.