GQG Partners LLC bought a new position in shares of Altria Group, Inc. (NYSE:MO – Free Report) during the second quarter, according to its most recent filing with the SEC. The fund bought 25,111,622 shares of the company’s stock, valued at approximately $1,806,782,000. Altria Group accounts for 3.4% of GQG Partners LLC’s investment portfolio, making the stock its 6th largest holding.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Comprehensive Financial Planning Inc. PA purchased a new stake in Altria Group during the second quarter worth about $26,000. Darwin Wealth Management LLC purchased a new position in Altria Group in the second quarter valued at about $27,000. Navalign LLC purchased a new position in Altria Group in the fourth quarter valued at about $28,000. Hughes Financial Services LLC grew its position in shares of Altria Group by 62.9% during the 4th quarter. Hughes Financial Services LLC now owns 510 shares of the company’s stock valued at $29,000 after acquiring an additional 197 shares during the period. Finally, Miller Capital Partners Inc. bought a new position in shares of Altria Group during the 4th quarter valued at approximately $29,000. 57.41% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on MO. Jefferies Financial Group raised their price target on shares of Altria Group from $50.00 to $60.00 and gave the stock an “underperform” rating in a research note on Wednesday, May 27th. UBS Group upped 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. Citigroup increased their price objective on Altria Group from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Stifel Nicolaus raised their target price on Altria Group from $68.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $77.00 target price on shares of Altria Group in a research note on Thursday, April 30th. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $70.11.
Altria Group Stock Up 3.6%
NYSE MO opened at $68.46 on Tuesday. The company has a market cap of $114.32 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 2.34 and a beta of 0.46. Altria Group, Inc. has a 52 week low of $54.70 and a 52 week high of $77.06. The firm’s 50-day simple moving average is $70.18 and its two-hundred day simple moving average is $68.89.
Altria Group (NYSE:MO – Get Free Report) last posted its earnings results 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 business had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $5.35 billion. During the same quarter in the previous year, the business earned $1.44 EPS. Altria Group’s revenue for the quarter was up 1.2% on a year-over-year basis. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. As a group, equities research analysts anticipate that Altria Group, Inc. will post 5.67 EPS 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.
See Also
- Five stocks we like better than Altria Group
- Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters
- Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain
- Snowflake Could Be Headed for New Highs Despite Insider Selling
- MongoDB Is Surging—And the Next Catalyst Is Almost Here
Want to see what other hedge funds are holding MO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Altria Group, Inc. (NYSE:MO – Free Report).
Receive News & Ratings for Altria Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altria Group and related companies with MarketBeat.com's FREE daily email newsletter.
