Deutsche Bank AG Buys 573,236 Shares of Altria Group, Inc. $MO

Deutsche Bank AG raised its position in Altria Group, Inc. (NYSE:MO - Free Report) by 14.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,577,251 shares of the company's stock after purchasing an additional 573,236 shares during the quarter. Deutsche Bank AG owned 0.27% of Altria Group worth $329,333,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Darwin Wealth Management LLC purchased a new stake in shares of Altria Group in the 2nd quarter worth approximately $27,000. Navalign LLC purchased a new stake in shares of Altria Group during the fourth quarter valued at $28,000. Hughes Financial Services LLC boosted its position in 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 last quarter. Miller Capital Partners Inc. purchased a new stake in Altria Group in the fourth quarter valued at $29,000. Finally, Quattro Advisors LLC purchased a new stake in shares of Altria Group in the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 57.41% of the company's stock.

Wall Street Analysts Forecast Growth

MO has been the topic of a number of recent analyst reports. The Goldman Sachs Group reiterated a "buy" rating and set a $77.00 target price on shares of Altria Group in a research report on Thursday, April 30th. Wall Street Zen lowered Altria Group from a "buy" rating to a "hold" rating in a research report on Sunday, June 21st. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Altria Group in a report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft boosted their target price on Altria Group from $60.00 to $66.00 and gave the stock a "hold" rating in a research note on Monday, May 4th. Finally, Citigroup boosted their price objective on shares of Altria Group from $65.00 to $70.00 and gave the stock a "neutral" rating in a research 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. Based on data from MarketBeat, Altria Group has a consensus rating of "Hold" and a consensus price target of $70.11.

Insider Buying and Selling

In other news, Director Ellen R. Strahlman sold 2,000 shares of the firm's stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $72.56, for a total transaction of $145,120.00. Following the sale, the director owned 25,102 shares in the company, valued at $1,821,401.12. This trade represents a 7.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ennis Debra J. Kelly sold 5,790 shares of Altria Group stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $72.25, for a total value of $418,327.50. Following the completion of the sale, the director owned 73,809 shares of the company's stock, valued at $5,332,700.25. This trade represents a 7.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.10% of the company's stock.

Altria Group Price Performance

Shares of MO stock opened at $65.87 on Friday. Altria Group, Inc. has a 1-year low of $54.70 and a 1-year high of $77.06. The business's fifty day moving average price is $70.20 and its 200 day moving average price is $68.81. The firm has a market capitalization of $109.99 billion, a PE ratio of 13.90, a P/E/G ratio of 2.37 and a beta of 0.46.

Altria Group (NYSE:MO - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.50 by ($0.02). Altria Group had a net margin of 33.99% and a negative return on equity of 315.29%. The company had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.35 billion. During the same quarter in the previous year, the business posted $1.44 earnings per share. Altria Group's revenue was up 1.2% on a year-over-year basis. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. Equities research analysts expect that Altria Group, Inc. will post 5.67 earnings per share for the current fiscal year.

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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