Allworth Financial LP Makes New Investment in Altria Group, Inc. $MO

Allworth Financial LP acquired a new stake in shares of Altria Group, Inc. (NYSE:MO - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 196,793 shares of the company's stock, valued at approximately $14,159,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of MO. Comprehensive Financial Planning Inc. PA acquired a new stake in Altria Group during the 2nd quarter valued at approximately $26,000. Darwin Wealth Management LLC purchased a new position in Altria Group in the second quarter valued at $27,000. Navalign LLC purchased a new position in Altria Group in the fourth quarter valued at $28,000. Miller Capital Partners Inc. acquired a new position in shares of Altria Group in the fourth quarter worth about $29,000. Finally, Hughes Financial Services LLC raised its position in shares of Altria Group by 62.9% in the fourth quarter. Hughes Financial Services LLC now owns 510 shares of the company's stock worth $29,000 after acquiring an additional 197 shares during the period. 57.41% of the stock is owned by hedge funds and other institutional investors.

Altria Group Stock Performance

MO stock opened at $65.87 on Monday. Altria Group, Inc. has a one year low of $54.70 and a one year high of $77.06. The firm has a market cap of $109.99 billion, a PE ratio of 13.90, a PEG ratio of 2.34 and a beta of 0.46. The firm's 50 day moving average price is $70.20 and its 200-day moving average price is $68.86.

Altria Group (NYSE:MO - Get Free Report) last announced its quarterly 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). Altria Group had a net margin of 33.99% and a negative return on equity of 315.29%. The business had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.35 billion. During the same period last year, the company earned $1.44 EPS. The business's revenue for the quarter was up 1.2% on a year-over-year basis. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. Equities research analysts predict that Altria Group, Inc. will post 5.67 EPS for the current fiscal year.

Insider Buying and Selling at Altria Group

In related news, Director Ellen R. Strahlman sold 2,000 shares of the business's stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $72.56, for a total value of $145,120.00. Following the sale, the director owned 25,102 shares in the company, valued at approximately $1,821,401.12. The trade was a 7.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ennis Debra J. Kelly sold 5,790 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $72.25, for a total value of $418,327.50. Following the transaction, the director directly owned 73,809 shares in the company, valued at approximately $5,332,700.25. The trade was a 7.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Weiss Ratings reissued a "buy (b)" rating on shares of Altria Group in a report on Tuesday, July 14th. Barclays decreased their price objective on shares of Altria Group from $64.00 to $58.00 and set an "underweight" rating on the stock in a report on Tuesday, August 11th. The Goldman Sachs Group reiterated a "buy" rating and issued a $77.00 target price on shares of Altria Group in a research report on Thursday, April 30th. Morgan Stanley set a $71.00 target price on shares of Altria Group in a research note on Friday, May 1st. Finally, Jefferies Financial Group upped their price target on shares of Altria Group from $50.00 to $60.00 and gave the stock an "underperform" rating in a research report on Wednesday, May 27th. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $70.11.

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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