Abacus FCF Advisors LLC Buys Shares of 174,185 Altria Group, Inc. $MO

Abacus FCF Advisors LLC bought a new stake in Altria Group, Inc. (NYSE:MO - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 174,185 shares of the company's stock, valued at approximately $12,533,000. Altria Group accounts for approximately 2.3% of Abacus FCF Advisors LLC's investment portfolio, making the stock its 12th largest position.

Several other institutional investors have also made changes to their positions in MO. Cornerstone Planning Group LLC grew its stake in 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 grew its stake in shares of Altria Group by 1.3% in the 2nd quarter. Angeles Wealth Management LLC now owns 11,239 shares of the company's stock valued at $821,000 after buying an additional 146 shares in the last quarter. Bernardo Wealth Planning LLC grew its stake in shares of 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 in the last quarter. Old Peak Finance LLC increased its holdings in Altria Group by 1.3% in the second quarter. Old Peak Finance LLC now owns 11,920 shares of the company's stock worth $858,000 after buying an additional 151 shares during the last quarter. Finally, Joel Isaacson & Co. LLC increased its holdings in Altria Group by 0.7% in the second quarter. Joel Isaacson & Co. LLC now owns 23,324 shares of the company's stock worth $1,678,000 after buying an additional 152 shares during the last quarter. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MO has been the subject of a number of recent research reports. BTIG Research started coverage on shares of Altria Group in a report on Tuesday, July 21st. They issued a "neutral" rating for the company. Deutsche Bank Aktiengesellschaft raised their target price on Altria Group from $60.00 to $66.00 and gave the company a "hold" rating in a report on Monday, May 4th. Morgan Stanley set a $71.00 price target on Altria Group in a research report on Friday, May 1st. UBS Group upped their price target on Altria Group from $76.00 to $79.00 and gave the stock a "buy" rating in a research note on Tuesday, July 7th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Altria Group in a report on Tuesday, July 14th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $70.11.

Altria Group Stock Performance

Shares of MO opened at $65.87 on Friday. The company has a 50-day simple moving average of $70.20 and a 200-day simple moving average of $68.81. Altria Group, Inc. has a 52 week low of $54.70 and a 52 week high of $77.06. The firm has a market capitalization of $109.99 billion, a P/E ratio of 13.90, a P/E/G ratio of 2.34 and a beta of 0.46.

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

Insider Transactions at Altria Group

In other Altria Group news, Director Ennis Debra J. Kelly sold 5,790 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $72.25, for a total transaction of $418,327.50. Following the sale, the director owned 73,809 shares of the company's stock, valued at $5,332,700.25. This represents a 7.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ellen R. Strahlman sold 2,000 shares of the firm's stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $72.56, for a total transaction of $145,120.00. Following the completion of the sale, the director owned 25,102 shares of the company's stock, valued at $1,821,401.12. The trade was a 7.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.10% of the company's stock.

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.

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