Altria Group (NYSE:MO) Trading Up 1.6% - Here's Why

Key Points

• Altria shares rose 1.6% to $69.13 in mid-day trading, despite volume running 34% below the average daily level.
• Analyst sentiment remains mixed, with five Buy, four Hold, and two Sell ratings; the average price target is $70.11.
• Altria slightly missed quarterly EPS expectations at $1.48 versus $1.50, while revenue reached $5.36 billion and grew 1.2% year over year. The company maintained fiscal 2026 EPS guidance of $5.61–$5.72.

Altria Group, Inc. (NYSE:MO - Get Free Report) shares traded up 1.6% during mid-day trading on Wednesday . The company traded as high as $69.29 and last traded at $69.13. 6,201,857 shares changed hands during trading, a decline of 34% from the average daily volume of 9,369,009 shares. The stock had previously closed at $68.07.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MO. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Altria Group from $60.00 to $66.00 and gave the company a "hold" rating in a research report on Monday, May 4th. Morgan Stanley set a $71.00 price target on shares of Altria Group in a report on Friday, May 1st. Citigroup upped their price objective on shares of Altria Group from $65.00 to $70.00 and gave the stock a "neutral" rating in a report on Friday, May 1st. Barclays lowered their target price on shares of Altria Group from $64.00 to $58.00 and set an "underweight" rating on the stock in a research report on Tuesday, August 11th. Finally, UBS Group raised their target price on Altria Group from $76.00 to $79.00 and gave the company a "buy" rating in a report on Tuesday, July 7th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $70.11.

Altria Group Stock Performance

The stock has a 50-day simple moving average of $70.14 and a 200 day simple moving average of $68.91. The company has a market cap of $115.43 billion, a P/E ratio of 14.58, a P/E/G ratio of 2.43 and a beta of 0.46.

Altria Group (NYSE:MO - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $5.35 billion. During the same quarter in the prior year, the company posted $1.44 earnings per share. The company'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. Sell-side analysts anticipate that Altria Group, Inc. will post 5.67 earnings per share for the current fiscal year.

Institutional Trading of Altria Group

Hedge funds have recently modified their holdings of the company. Cornerstone Planning Group LLC raised its position in shares of Altria Group by 5.8% in the 1st quarter. Cornerstone Planning Group LLC now owns 2,619 shares of the company's stock worth $191,000 after acquiring an additional 143 shares in the last quarter. Angeles Wealth Management LLC grew its stake in Altria Group by 1.3% during the second quarter. Angeles Wealth Management LLC now owns 11,239 shares of the company's stock worth $821,000 after purchasing an additional 146 shares during the period. Bernardo Wealth Planning LLC increased its holdings in Altria Group by 4.6% in the second quarter. Bernardo Wealth Planning LLC now owns 3,379 shares of the company's stock worth $243,000 after purchasing an additional 149 shares in the last quarter. Old Peak Finance LLC increased its holdings in Altria Group by 1.3% in the second quarter. Old Peak Finance LLC now owns 11,920 shares of the company's stock worth $858,000 after purchasing an additional 151 shares in the last quarter. Finally, Joel Isaacson & Co. LLC lifted its stake in Altria Group by 0.7% in the second quarter. Joel Isaacson & Co. LLC now owns 23,324 shares of the company's stock valued at $1,678,000 after buying an additional 152 shares during the period. 57.41% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source