Brandywine Trust Co. bought a new stake in Altria Group, Inc. (NYSE:MO - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 30,814 shares of the company's stock, valued at approximately $2,217,000. Altria Group makes up about 0.4% of Brandywine Trust Co.'s portfolio, making the stock its 14th largest holding.
Other institutional investors and hedge funds have also made changes to their positions in the company. Illinois Municipal Retirement Fund boosted its position in shares of Altria Group by 7.1% during the 4th quarter. Illinois Municipal Retirement Fund now owns 668,243 shares of the company's stock worth $38,531,000 after purchasing an additional 44,267 shares in the last quarter. Procyon Advisors LLC increased its holdings in shares of Altria Group by 59.3% in the 1st quarter. Procyon Advisors LLC now owns 38,926 shares of the company's stock valued at $2,569,000 after purchasing an additional 14,490 shares in the last quarter. Rayburn West Financial Services LLC purchased a new position in shares of Altria Group in the 4th quarter valued at about $2,438,000. North Dakota State Investment Board acquired a new stake in shares of Altria Group in the fourth quarter valued at about $3,336,000. Finally, International Assets Investment Management LLC lifted its stake in shares of Altria Group by 206.7% in the fourth quarter. International Assets Investment Management LLC now owns 75,573 shares of the company's stock valued at $4,358,000 after purchasing an additional 50,931 shares during the period. 57.41% of the stock is currently owned by institutional investors and hedge funds.
Altria Group Stock Performance
Shares of MO opened at $68.46 on Tuesday. Altria Group, Inc. has a 1 year low of $54.70 and a 1 year high of $77.06. The company's 50 day simple moving average is $70.18 and its 200 day simple moving average is $68.89. The company has a market capitalization of $114.32 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 2.34 and a beta of 0.46.
Altria Group (NYSE:MO - Get Free Report) last released 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 analysts' expectations 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 was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.44 earnings per share. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. Equities analysts expect that Altria Group, Inc. will post 5.67 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the stock. Wall Street Zen cut shares of Altria Group from a "buy" rating to a "hold" rating in a report on Sunday, June 21st. Barclays decreased their price target on Altria Group from $64.00 to $58.00 and set an "underweight" rating on the stock in a research note on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft upped their price target on Altria Group from $60.00 to $66.00 and gave the stock a "hold" rating in a report on Monday, May 4th. BTIG Research assumed coverage on Altria Group in a research note on Tuesday, July 21st. They issued a "neutral" rating for the company. Finally, Stifel Nicolaus lifted their price objective on Altria Group from $68.00 to $77.00 and gave the stock a "buy" rating in a report on Friday, May 1st. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $70.11.
Check Out Our Latest Report on MO
About Altria Group
(
Free Report)
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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