Daiichi Life Insurance Co. Ltd. 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 firm bought 154,410 shares of the company's stock, valued at approximately $11,110,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in Altria Group by 64.7% during the fourth quarter. Brighton Jones LLC now owns 17,702 shares of the company's stock worth $926,000 after buying an additional 6,954 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Altria Group by 86.3% during the second quarter. Sivia Capital Partners LLC now owns 6,361 shares of the company's stock worth $373,000 after buying an additional 2,946 shares in the last quarter. Schnieders Capital Management LLC. raised its stake in shares of Altria Group by 6.9% in the second quarter. Schnieders Capital Management LLC. now owns 9,630 shares of the company's stock valued at $565,000 after acquiring an additional 618 shares during the last quarter. Gamco Investors INC. ET AL bought a new position in shares of Altria Group in the second quarter valued at approximately $346,000. Finally, AXA S.A. acquired a new position in shares of Altria Group in the 2nd quarter worth approximately $5,752,000. 57.41% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts recently commented on MO shares. The Goldman Sachs Group restated a "buy" rating and set a $77.00 price target on shares of Altria Group in a research report on Thursday, April 30th. BTIG Research started coverage on Altria Group in a research report on Tuesday, July 21st. They issued a "neutral" rating for the company. Morgan Stanley set a $71.00 price objective on Altria Group in a research note on Friday, May 1st. Weiss Ratings reissued a "buy (b)" rating on shares of Altria Group in a research note on Tuesday, July 14th. Finally, Jefferies Financial Group increased their target price on Altria Group from $50.00 to $60.00 and gave the stock an "underperform" rating in a report on Wednesday, May 27th. 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 company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $70.11.
Check Out Our Latest Analysis on MO
Altria Group Trading Up 3.6%
Shares of MO stock 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 firm's 50 day moving average is $70.18 and its 200-day moving average is $68.89. The firm 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 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). The company had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $5.35 billion. Altria Group had a net margin of 33.99% and a negative return on equity of 315.29%. Altria Group's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the company earned $1.44 earnings per share. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. On average, equities research analysts forecast that Altria Group, Inc. will post 5.67 earnings per share for the current fiscal year.
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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