Redwood Investment Management LLC Takes Position in Altria Group, Inc. $MO

Key Points

• Redwood Investment Management initiated a position in Altria worth approximately $1.18 million, while institutional investors and hedge funds collectively own 57.41% of the company.
• Analyst sentiment is mixed, with five Buy, four Hold, and two Sell ratings; MarketBeat lists an average rating of Hold and an average price target of $70.11.
• Altria reported quarterly revenue of $5.36 billion, slightly above estimates, but earnings per share of $1.48 missed expectations by $0.02. The stock opened at $69.13, with a 12-month range of $54.70 to $77.06.

Redwood Investment Management LLC acquired a new position 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 institutional investor acquired 16,414 shares of the company's stock, valued at approximately $1,181,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in MO. Comprehensive Financial Planning Inc. PA bought a new position in Altria Group during the 2nd quarter worth about $26,000. Darwin Wealth Management LLC bought a new stake in shares of Altria Group in the second quarter valued at about $27,000. Navalign LLC acquired a new position in shares of Altria Group during the fourth quarter worth about $28,000. Hughes Financial Services LLC grew its holdings in shares of Altria Group by 62.9% during the fourth quarter. Hughes Financial Services LLC now owns 510 shares of the company's stock worth $29,000 after buying an additional 197 shares in the last quarter. Finally, Miller Capital Partners Inc. bought a new position in shares of Altria Group during the fourth quarter worth about $29,000. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MO has been the topic of several research reports. Morgan Stanley set a $71.00 target price on Altria Group in a research note on Friday, May 1st. Jefferies Financial Group boosted their price objective on shares of Altria Group from $50.00 to $60.00 and gave the stock an "underperform" rating in a research report on Wednesday, May 27th. The Goldman Sachs Group restated a "buy" rating and set a $77.00 target price on shares of Altria Group in a report on Thursday, April 30th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Altria Group in a research report on Tuesday, July 14th. Finally, UBS Group lifted their price target on shares of Altria Group from $76.00 to $79.00 and gave the company a "buy" rating in a research note on Tuesday, July 7th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $70.11.

Altria Group Stock Up 1.6%

NYSE:MO opened at $69.13 on Thursday. Altria Group, Inc. has a twelve month low of $54.70 and a twelve month high of $77.06. The firm has a market capitalization of $115.43 billion, a price-to-earnings ratio of 14.58, a price-to-earnings-growth ratio of 2.41 and a beta of 0.46. The stock's 50 day moving average price is $70.14 and its two-hundred day moving average price is $68.93.

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). The firm 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 quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.44 earnings per share. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. As a group, analysts anticipate that Altria Group, Inc. will post 5.67 earnings per share for the current year.

About Altria Group

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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