Ausdal Financial Partners Inc. Takes Position in Altria Group, Inc. $MO

Key Points

• Ausdal Financial Partners initiated a position in Altria, purchasing 44,004 shares worth approximately $3.17 million in the second quarter. Institutional investors and hedge funds collectively own 57.41% of the company.
• Altria shares opened at $69.13, with a market capitalization of $115.43 billion. The company’s latest quarterly results included $1.48 in EPS—slightly below estimates—and $5.36 billion in revenue, up 1.2% year over year.
• Analyst sentiment is mixed, with an overall “Hold” rating and an average price target of $70.11; ratings include five Buys, four Holds, and two Sells.

Ausdal Financial Partners Inc. bought a new position in shares of Altria Group, Inc. (NYSE:MO - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 44,004 shares of the company's stock, valued at approximately $3,174,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Cornerstone Planning Group LLC lifted its position in Altria Group by 5.8% during the first quarter. Cornerstone Planning Group LLC now owns 2,619 shares of the company's stock valued at $191,000 after buying an additional 143 shares in the last quarter. Angeles Wealth Management LLC increased its position in shares of Altria Group by 1.3% in the second quarter. Angeles Wealth Management LLC now owns 11,239 shares of the company's stock worth $821,000 after acquiring an additional 146 shares in the last quarter. Bernardo Wealth Planning LLC increased its position in shares of Altria Group by 4.6% in the second quarter. Bernardo Wealth Planning LLC now owns 3,379 shares of the company's stock worth $243,000 after acquiring an additional 149 shares in the last quarter. Old Peak Finance LLC raised its stake in shares of Altria Group by 1.3% in the 2nd quarter. Old Peak Finance LLC now owns 11,920 shares of the company's stock valued at $858,000 after acquiring an additional 151 shares during the period. Finally, Joel Isaacson & Co. LLC lifted its holdings in shares of Altria Group by 0.7% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 23,324 shares of the company's stock valued at $1,678,000 after acquiring an additional 152 shares in the last quarter. Institutional investors and hedge funds own 57.41% of the company's stock.

Altria Group Trading Up 1.6%

Shares of NYSE MO opened at $69.13 on Thursday. The company has a market capitalization of $115.43 billion, a price-to-earnings ratio of 14.58, a price-to-earnings-growth ratio of 2.41 and a beta of 0.46. Altria Group, Inc. has a twelve month low of $54.70 and a twelve month high of $77.06. The business has a 50 day simple moving average of $70.14 and a 200-day simple moving average of $68.93.

Altria Group (NYSE:MO - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.50 by ($0.02). The firm had revenue of $5.36 billion for 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 business's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter 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 predict that Altria Group, Inc. will post 5.67 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have commented on the company. Wall Street Zen lowered Altria Group from a "buy" rating to a "hold" rating in a research report on Sunday, June 21st. Stifel Nicolaus upped their target price on Altria Group from $68.00 to $77.00 and gave the stock a "buy" rating in a research report on Friday, May 1st. Barclays lowered their target price on Altria Group from $64.00 to $58.00 and set an "underweight" rating for the company in a research note on Tuesday, August 11th. Citigroup boosted their price target on Altria Group from $65.00 to $70.00 and gave the stock a "neutral" rating in a research report on Friday, May 1st. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Altria Group in a research note on Tuesday, July 14th. 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. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price 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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