Ancora Advisors LLC Takes $1.47 Million Position in Altria Group, Inc. $MO

Key Points

• Ancora Advisors acquired 20,459 Altria shares during the second quarter, worth approximately $1.47 million. Institutional investors collectively own 57.41% of the company.
• Analyst sentiment remains mixed, with five Buy, four Hold, and two Sell ratings; the average rating is Hold with a $70.11 price target.
• Altria’s latest quarterly revenue rose 1.2% year over year to $5.36 billion, slightly exceeding estimates, while EPS of $1.48 narrowly missed expectations. The stock opened at $67.66, down 2.1%.

Ancora Advisors LLC acquired a new position in Altria Group, Inc. (NYSE:MO - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 20,459 shares of the company's stock, valued at approximately $1,472,000.

Several other large investors have also modified their holdings of the company. Comprehensive Financial Planning Inc. PA bought a new position in shares of Altria Group during the 2nd quarter worth about $26,000. Darwin Wealth Management LLC acquired a new position in shares of Altria Group during the second quarter valued at about $27,000. Navalign LLC bought a new stake in shares of Altria Group in the fourth quarter valued at about $28,000. Hughes Financial Services LLC lifted its stake 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 valued at $29,000 after buying an additional 197 shares during the period. Finally, Miller Capital Partners Inc. acquired a new stake in Altria Group during the fourth quarter worth about $29,000. 57.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MO. BTIG Research began coverage on Altria Group in a research note on Tuesday, July 21st. They set a "neutral" rating on the stock. Wall Street Zen lowered Altria Group from a "buy" rating to a "hold" rating in a report on Sunday, June 21st. Stifel Nicolaus boosted their price objective on Altria Group from $68.00 to $77.00 and gave the company a "buy" rating in a research report on Friday, May 1st. Weiss Ratings restated a "buy (b)" rating on shares of Altria Group in a research note on Tuesday, July 14th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Altria Group from $60.00 to $66.00 and gave the stock a "hold" rating in a research report on Monday, May 4th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Altria Group has an average rating of "Hold" and an average price target of $70.11.

Altria Group Trading Down 2.1%

MO stock opened at $67.66 on Friday. Altria Group, Inc. has a 1-year low of $54.70 and a 1-year high of $77.06. The firm has a market cap of $112.97 billion, a P/E ratio of 14.27, a P/E/G ratio of 2.45 and a beta of 0.46. The business's 50 day moving average is $70.11 and its 200-day moving average is $68.95.

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

About Altria Group

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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