Element Capital Management LLC Makes New $1.15 Million Investment in Altria Group, Inc. $MO

Element Capital Management LLC acquired a new position in shares of Altria Group, Inc. (NYSE:MO) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 16,000 shares of the company’s stock, valued at approximately $1,151,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Comprehensive Financial Planning Inc. PA purchased a new stake in Altria Group during the second quarter valued at $26,000. Darwin Wealth Management LLC purchased a new position in shares of Altria Group in the 2nd quarter worth $27,000. Navalign LLC bought a new stake in shares of Altria Group in the 4th quarter worth about $28,000. Hughes Financial Services LLC increased its holdings in shares of Altria Group by 62.9% in the 4th quarter. Hughes Financial Services LLC now owns 510 shares of the company’s stock worth $29,000 after buying an additional 197 shares during the last quarter. Finally, Miller Capital Partners Inc. purchased a new stake in shares of Altria Group during the 4th quarter valued at about $29,000. 57.41% of the stock is currently owned by institutional investors.

Altria Group Trading Down 0.6%

MO stock opened at $68.08 on Wednesday. Altria Group, Inc. has a 12 month low of $54.70 and a 12 month high of $77.06. The company has a 50-day moving average price of $70.14 and a 200 day moving average price of $68.91. The stock has a market cap of $113.68 billion, a PE ratio of 14.36, a P/E/G ratio of 2.43 and a beta of 0.46.

Altria Group (NYSE:MO) last posted its quarterly earnings data 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). The firm had revenue of $5.36 billion during 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 revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the company earned $1.44 earnings per share. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. Sell-side analysts forecast that Altria Group, Inc. will post 5.67 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Altria Group in a report on Tuesday, July 14th. UBS Group boosted their price objective on Altria Group from $76.00 to $79.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. BTIG Research began coverage on Altria Group in a research report on Tuesday, July 21st. They set a “neutral” rating on the stock. Citigroup lifted their target price on Altria Group from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Finally, Stifel Nicolaus boosted their target price on Altria Group from $68.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus 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.