Commerce Bank Invests $44.18 Million in Altria Group, Inc. $MO

Commerce Bank bought a new position in shares of Altria Group, Inc. (NYSE:MO - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 614,088 shares of the company's stock, valued at approximately $44,184,000.

A number of other institutional investors have also made changes to their positions in MO. Comprehensive Financial Planning Inc. PA acquired a new stake in Altria Group during the 2nd quarter valued at $26,000. Darwin Wealth Management LLC acquired a new position in shares of Altria Group in the second quarter valued at $27,000. Navalign LLC acquired a new position in shares of 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 valued at $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 valued at $29,000 after purchasing an additional 197 shares during the period. 57.41% of the stock is owned by institutional investors and hedge funds.

Altria Group Price Performance

Shares of NYSE MO opened at $68.46 on Tuesday. The stock's fifty day moving average price is $70.18 and its two-hundred day moving average price is $68.89. 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 $114.32 billion, a price-to-earnings ratio of 14.44, a P/E/G ratio of 2.34 and a beta of 0.46.

Altria Group (NYSE:MO - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $1.48 earnings per share for the quarter, missing analysts' consensus estimates 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 firm had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.35 billion. During the same period in the prior year, the business posted $1.44 EPS. The firm'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. On average, equities analysts anticipate that Altria Group, Inc. will post 5.67 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Barclays cut their target price on shares of Altria Group from $64.00 to $58.00 and set an "underweight" rating for the company in a research note on Tuesday, August 11th. Stifel Nicolaus upped their price target on shares of Altria Group from $68.00 to $77.00 and gave the company a "buy" rating in a research note on Friday, May 1st. Jefferies Financial Group increased their price target on shares of Altria Group from $50.00 to $60.00 and gave the company an "underperform" rating in a report on Wednesday, May 27th. The Goldman Sachs Group restated a "buy" rating and set a $77.00 price objective on shares of Altria Group in a research report on Thursday, April 30th. Finally, BTIG Research started coverage on Altria Group in a report on Tuesday, July 21st. They set a "neutral" rating for the company. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average 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.

Want to see what other hedge funds are holding MO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Altria Group, Inc. (NYSE:MO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source