Compass Financial Management LLC Invests $1.01 Million in Altria Group, Inc. $MO

Compass Financial Management LLC purchased a new position in shares of Altria Group, Inc. (NYSE:MO) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 14,284 shares of the company’s stock, valued at approximately $1,013,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MO. Elevation Point Wealth Partners LLC purchased a new position in shares of Altria Group during the 2nd quarter worth approximately $3,405,000. Alta Advisers Ltd acquired a new position in shares of Altria Group during the 2nd quarter worth $444,000. Daiichi Life Insurance Co. Ltd. purchased a new position in shares of Altria Group in the 2nd quarter valued at about $11,110,000. Commerce Bank purchased a new position in shares of Altria Group in the 2nd quarter valued at about $44,184,000. Finally, GQG Partners LLC acquired a new stake in shares of Altria Group in the second quarter valued at about $1,806,782,000. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Trading Up 3.6%

NYSE:MO opened at $68.46 on Tuesday. Altria Group, Inc. has a 12-month low of $54.70 and a 12-month high of $77.06. The firm has a market cap of $114.32 billion, a price-to-earnings ratio of 14.44, a price-to-earnings-growth ratio of 2.34 and a beta of 0.46. The company’s 50-day moving average is $70.18 and its two-hundred day moving average is $68.89.

Altria Group (NYSE:MO) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.02). The firm had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $5.35 billion. Altria Group had a negative return on equity of 315.29% and a net margin of 33.99%.The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.44 earnings per share. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. On average, equities research analysts forecast that Altria Group, Inc. will post 5.67 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MO has been the topic of a number of research analyst reports. Citigroup boosted 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. UBS Group raised their price objective on Altria Group from $76.00 to $79.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Barclays reduced their price objective on Altria Group from $64.00 to $58.00 and set an “underweight” rating for the company in a report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Altria Group from $60.00 to $66.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. Finally, Jefferies Financial Group raised their target price on shares of Altria Group from $50.00 to $60.00 and gave the company an “underperform” rating in a report on Wednesday, May 27th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company 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.