EP Wealth Advisors LLC Acquires Shares of 109,229 Altria Group, Inc. $MO

EP Wealth Advisors LLC acquired a new stake in shares of Altria Group, Inc. (NYSE:MO - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 109,229 shares of the company's stock, valued at approximately $7,859,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of MO. Comprehensive Financial Planning Inc. PA purchased a new position in shares of Altria Group during the second quarter valued at approximately $26,000. Darwin Wealth Management LLC bought a new stake in Altria Group in the second quarter valued at $27,000. Navalign LLC bought a new position in Altria Group in the 4th quarter worth $28,000. Hughes Financial Services LLC lifted its position in shares of Altria Group by 62.9% in the 4th quarter. Hughes Financial Services LLC now owns 510 shares of the company's stock worth $29,000 after purchasing an additional 197 shares during the period. Finally, Miller Capital Partners Inc. bought a new stake in shares of Altria Group during the 4th quarter valued at about $29,000. Institutional investors own 57.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on MO shares. Jefferies Financial Group raised their price objective on shares of Altria Group from $50.00 to $60.00 and gave the stock an "underperform" rating in a report on Wednesday, May 27th. Morgan Stanley set a $71.00 target price on shares of Altria Group in a report on Friday, May 1st. Stifel Nicolaus increased their price objective on shares of Altria Group from $68.00 to $77.00 and gave the company a "buy" rating in a research report on Friday, May 1st. BTIG Research initiated coverage on shares of Altria Group in a report on Tuesday, July 21st. They issued a "neutral" rating on the stock. Finally, Citigroup lifted 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. Five research 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $70.11.

Altria Group Trading Down 0.3%

Shares of MO opened at $65.87 on Monday. Altria Group, Inc. has a twelve month low of $54.70 and a twelve month high of $77.06. The company's fifty day simple moving average is $70.20 and its 200-day simple moving average is $68.86. The company has a market cap of $109.99 billion, a P/E ratio of 13.90, a P/E/G ratio of 2.34 and a beta of 0.46.

Altria Group (NYSE:MO - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $5.35 billion. During the same period last year, the company earned $1.44 earnings per share. The business's revenue for the quarter 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. Analysts predict that Altria Group, Inc. will post 5.67 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Ellen R. Strahlman sold 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 26th. The shares were 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 of the company's stock, valued at $1,821,401.12. This trade represents a 7.38% decrease in their position. The sale 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 transaction, the director owned 73,809 shares of the company's stock, valued at approximately $5,332,700.25. This represents a 7.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.10% of the company's stock.

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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