15,156 Shares in Altria Group, Inc. $MO Bought by Magnolia Capital Advisors LLC

Magnolia Capital Advisors LLC bought 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 fund bought 15,156 shares of the company’s stock, valued at approximately $1,090,000.

Other institutional investors have also recently made changes to their positions in the company. Cornerstone Planning Group LLC increased its stake in shares of Altria Group by 5.8% in the first quarter. Cornerstone Planning Group LLC now owns 2,619 shares of the company’s stock valued at $191,000 after buying an additional 143 shares during the period. Angeles Wealth Management LLC lifted its stake in shares of Altria Group by 1.3% in the second quarter. Angeles Wealth Management LLC now owns 11,239 shares of the company’s stock worth $821,000 after acquiring an additional 146 shares during the period. Bernardo Wealth Planning LLC lifted its stake in shares of 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 acquiring an additional 149 shares during the period. Old Peak Finance LLC boosted 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 valued at $858,000 after acquiring an additional 151 shares during the last quarter. Finally, Joel Isaacson & Co. LLC boosted its holdings 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 acquiring an additional 152 shares during the last quarter. Institutional investors own 57.41% of the company’s stock.

Altria Group Stock Performance

Shares of Altria Group stock opened at $69.13 on Thursday. Altria Group, Inc. has a 52 week low of $54.70 and a 52 week high of $77.06. The stock has a 50 day moving average price of $70.14 and a two-hundred day moving average price of $68.93. The stock has a market capitalization of $115.43 billion, a PE ratio of 14.58, a price-to-earnings-growth ratio of 2.41 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 firm had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.35 billion. During the same period in the previous year, the company earned $1.44 earnings per share. Altria Group’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. Research analysts forecast that Altria Group, Inc. will post 5.67 EPS for the current year.

Wall Street Analysts Forecast Growth

MO has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Altria Group from $60.00 to $66.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Barclays reduced their price objective on shares of Altria Group from $64.00 to $58.00 and set an “underweight” rating on the stock in a research note on Tuesday, August 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Altria Group in a research report on Tuesday, July 14th. BTIG Research assumed coverage on shares of Altria Group in a report on Tuesday, July 21st. They issued a “neutral” rating on the stock. Finally, Jefferies Financial Group upped their price target on shares of Altria Group from $50.00 to $60.00 and gave the company an “underperform” rating in a research report on Wednesday, May 27th. Five equities research 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 stock currently has an average rating of “Hold” and an average 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.