GQG Partners LLC Acquires Shares of 25,111,622 Altria Group, Inc. $MO

GQG Partners LLC acquired a new stake in shares of Altria Group, Inc. (NYSE:MO - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 25,111,622 shares of the company's stock, valued at approximately $1,806,782,000. Altria Group comprises approximately 3.4% of GQG Partners LLC's holdings, making the stock its 6th biggest position. GQG Partners LLC owned 1.50% of Altria Group at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Brighton Jones LLC lifted its position in Altria Group by 64.7% in the 4th quarter. Brighton Jones LLC now owns 17,702 shares of the company's stock valued at $926,000 after acquiring an additional 6,954 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in Altria Group by 86.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 6,361 shares of the company's stock valued at $373,000 after purchasing an additional 2,946 shares during the last quarter. Schnieders Capital Management LLC. increased its holdings in Altria Group by 6.9% during the 2nd quarter. Schnieders Capital Management LLC. now owns 9,630 shares of the company's stock worth $565,000 after purchasing an additional 618 shares in the last quarter. Gamco Investors INC. ET AL bought a new stake in Altria Group during the 2nd quarter worth approximately $346,000. Finally, AXA S.A. purchased a new stake in shares of Altria Group in the second quarter worth approximately $5,752,000. 57.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MO has been the topic of a number of recent research reports. The Goldman Sachs Group restated a "buy" rating and issued a $77.00 target price on shares of Altria Group in a report on Thursday, April 30th. Weiss Ratings reiterated a "buy (b)" rating on shares of Altria Group in a report on Tuesday, July 14th. Barclays lowered their price target on Altria Group from $64.00 to $58.00 and set an "underweight" rating for the company in a research report on Tuesday, August 11th. BTIG Research began coverage on Altria Group in a research note on Tuesday, July 21st. They set a "neutral" rating on the stock. Finally, Jefferies Financial Group lifted 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. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $70.11.

Altria Group Stock Performance

Shares of MO stock opened at $68.46 on Tuesday. The company 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, Inc. has a 52-week low of $54.70 and a 52-week high of $77.06. The company has a 50-day simple moving average of $70.18 and a two-hundred day simple moving average of $68.89.

Altria Group (NYSE:MO - Get Free Report) last posted its 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). 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 for the quarter, compared to the consensus estimate of $5.35 billion. During the same period in the prior year, the business earned $1.44 EPS. Altria Group's quarterly revenue 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. On average, sell-side analysts forecast that Altria Group, Inc. will post 5.67 EPS 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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