First Nebraska Trust Co Acquires Shares of 19,921 Altria Group, Inc. $MO

First Nebraska Trust Co purchased a new stake in shares of Altria Group, Inc. (NYSE:MO - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 19,921 shares of the company's stock, valued at approximately $1,433,000.

A number of other hedge funds also recently added to or reduced their stakes in MO. GQG Partners LLC purchased a new stake in Altria Group during the 2nd quarter valued at $1,806,782,000. Charles Schwab Investment Management Inc. raised its stake in shares of Altria Group by 10.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 65,516,916 shares of the company's stock worth $3,777,931,000 after purchasing an additional 6,265,780 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Altria Group by 3,691.2% in the second quarter. Assenagon Asset Management S.A. now owns 3,606,561 shares of the company's stock worth $259,492,000 after purchasing an additional 3,511,430 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of Altria Group by 286.7% during the third quarter. Marshall Wace LLP now owns 4,479,699 shares of the company's stock valued at $295,929,000 after purchasing an additional 3,321,262 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Altria Group by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 160,980,626 shares of the company's stock valued at $9,282,143,000 after purchasing an additional 1,903,530 shares in the last quarter. 57.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on MO. BTIG Research initiated coverage on Altria Group in a report on Tuesday, July 21st. They issued a "neutral" rating for the company. Jefferies Financial Group upped their target price on shares of Altria Group from $50.00 to $60.00 and gave the company an "underperform" rating in a research note on Wednesday, May 27th. Citigroup lifted their price target on shares of Altria Group from $65.00 to $70.00 and gave the stock a "neutral" rating in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Altria Group from $60.00 to $66.00 and gave the company a "hold" rating in a report on Monday, May 4th. Finally, Morgan Stanley set a $71.00 price objective on shares of Altria Group in a research report on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $70.11.

Altria Group Stock Up 3.6%

NYSE MO opened at $68.46 on Tuesday. Altria Group, Inc. has a 52 week low of $54.70 and a 52 week high of $77.06. The firm has a market capitalization of $114.32 billion, a P/E ratio of 14.44, a PEG ratio of 2.34 and a beta of 0.46. The company has a 50-day moving average price of $70.18 and a 200-day moving average price of $68.89.

Altria Group (NYSE:MO - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate 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 analysts' expectations of $5.35 billion. During the same quarter last year, the firm posted $1.44 earnings per share. Altria Group's revenue for the quarter was up 1.2% on a year-over-year basis. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. As a group, equities research analysts anticipate that Altria Group, Inc. will post 5.67 EPS for the current year.

Altria Group 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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