172,890 Shares in Altria Group, Inc. $MO Purchased by Visionary Wealth Advisors

Visionary Wealth Advisors purchased a new stake in Altria Group, Inc. (NYSE:MO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 172,890 shares of the company’s stock, valued at approximately $12,439,000.

Other large investors have also modified their holdings of the company. Cornerstone Planning Group LLC grew its holdings in Altria Group by 5.8% during the 1st 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 last quarter. Angeles Wealth Management LLC raised its holdings 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 last quarter. Bernardo Wealth Planning LLC lifted its position 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 valued at $243,000 after acquiring an additional 149 shares in the last quarter. Old Peak Finance LLC lifted its position in shares of 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 in the last quarter. Finally, Joel Isaacson & Co. LLC lifted its position in shares of 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 in the last quarter. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. BTIG Research assumed coverage on shares of Altria Group in a report on Tuesday, July 21st. They set a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Altria Group from $60.00 to $66.00 and gave the company a “hold” rating in a research note on Monday, May 4th. Barclays decreased 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. Citigroup lifted their target price on shares of Altria Group from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Altria Group in a report on Tuesday, July 14th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Altria Group has a consensus rating of “Hold” and a consensus target price of $70.11.

Altria Group Price Performance

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 business has a 50-day moving average of $70.18 and a two-hundred day moving average of $68.89. The stock has a market capitalization 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.

Altria Group (NYSE:MO) last announced 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 negative return on equity of 315.29% and a net margin of 33.99%.The company had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $5.35 billion. During the same quarter in the previous year, the company earned $1.44 earnings per share. The company’s revenue was up 1.2% on a year-over-year basis. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. Equities research analysts anticipate that Altria Group, Inc. will post 5.67 earnings per share for the current year.

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.