9,863 Shares in Altria Group, Inc. $MO Bought by CFO4Life Group LLC

CFO4Life Group LLC bought a new stake in Altria Group, Inc. (NYSE:MO) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 9,863 shares of the company’s stock, valued at approximately $710,000.

A number of other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC increased its stake in shares of Altria Group by 64.7% in the fourth quarter. Brighton Jones LLC now owns 17,702 shares of the company’s stock valued at $926,000 after buying an additional 6,954 shares during the period. Sivia Capital Partners LLC boosted its position in Altria Group by 86.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 6,361 shares of the company’s stock worth $373,000 after buying an additional 2,946 shares during the period. Schnieders Capital Management LLC. boosted its position 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 buying an additional 618 shares during the period. Gamco Investors INC. ET AL bought a new stake in Altria Group during the 2nd quarter worth approximately $346,000. Finally, AXA S.A. bought a new stake in Altria Group during the 2nd quarter worth approximately $5,752,000. 57.41% of the stock is owned by institutional investors and hedge funds.

Altria Group Price Performance

Shares of Altria Group stock opened at $68.46 on Tuesday. The stock’s 50-day moving average is $70.18 and its 200 day moving average is $68.89. Altria Group, Inc. has a one year low of $54.70 and a one year high of $77.06. The firm has a market cap 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 (NYSE:MO) last issued its 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). Altria Group had a negative return on equity of 315.29% and a net margin of 33.99%.The business had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $5.35 billion. During the same quarter in the previous year, the firm posted $1.44 earnings per share. The company’s revenue for the quarter 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 expect that Altria Group, Inc. will post 5.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MO has been the subject of several recent research reports. BTIG Research assumed coverage on shares of Altria Group in a research report on Tuesday, July 21st. They issued a “neutral” rating for the company. Wall Street Zen lowered shares of Altria Group from a “buy” rating to a “hold” rating in a report on Sunday, June 21st. The Goldman Sachs Group reissued a “buy” rating and issued a $77.00 price objective on shares of Altria Group in a research note on Thursday, April 30th. Weiss Ratings restated a “buy (b)” rating on shares of Altria Group in a report on Tuesday, July 14th. Finally, Citigroup raised their target price on Altria Group from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $70.11.

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.