Flputnam Investment Management Co. Buys 24,514 Shares of Altria Group, Inc. $MO

Flputnam Investment Management Co. raised its stake in shares of Altria Group, Inc. (NYSE:MO - Free Report) by 200.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,769 shares of the company's stock after purchasing an additional 24,514 shares during the period. Flputnam Investment Management Co.'s holdings in Altria Group were worth $2,646,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC acquired a new stake in shares of Altria Group in the second quarter worth $27,000. Navalign LLC acquired a new position in Altria Group in the 4th quarter valued at $28,000. Miller Capital Partners Inc. acquired a new position in Altria Group in the 4th quarter valued at $29,000. Hughes Financial Services LLC raised its holdings in 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 acquiring an additional 197 shares during the period. Finally, Physician Wealth Advisors Inc. raised its holdings in Altria Group by 78.8% in the 1st quarter. Physician Wealth Advisors Inc. now owns 524 shares of the company's stock worth $35,000 after acquiring an additional 231 shares during the period. Institutional investors and hedge funds own 57.41% of the company's stock.

Altria Group Price Performance

NYSE:MO opened at $66.91 on Friday. The stock has a market cap of $111.72 billion, a P/E ratio of 14.12, a PEG ratio of 2.34 and a beta of 0.46. Altria Group, Inc. has a one year low of $54.70 and a one year high of $77.06. The company has a fifty day moving average price of $70.32 and a 200 day moving average price of $68.83.

Altria Group (NYSE:MO - Get Free Report) last issued its quarterly 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). The company had revenue of $5.36 billion during 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% on a year-over-year basis. 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. As a group, equities research analysts anticipate that Altria Group, Inc. will post 5.67 EPS for the current year.

Insider Transactions at Altria Group

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports 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 report on Thursday, April 30th. UBS Group lifted their price objective on Altria Group from $76.00 to $79.00 and gave the stock a "buy" rating in a research note on Tuesday, July 7th. Citigroup boosted their price objective on Altria Group from $65.00 to $70.00 and gave the stock a "neutral" rating in a research report on Friday, May 1st. Weiss Ratings restated a "buy (b)" rating on shares of Altria Group in a research note on Tuesday, July 14th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Altria Group from $60.00 to $66.00 and gave the company a "hold" rating in a report on Monday, May 4th. Five investment 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. According to MarketBeat, Altria Group presently has an average rating of "Hold" and a consensus target price of $70.11.

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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