L2 Asset Management LLC Takes Position in Altria Group, Inc. $MO

Posted by George Bondi on Aug 26th, 2026

L2 Asset Management LLC purchased a new position in shares of Altria Group, Inc. (NYSE:MO – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 8,456 shares of the company’s stock, valued at approximately $609,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Illinois Municipal Retirement Fund increased its position in Altria Group by 7.1% in the 4th quarter. Illinois Municipal Retirement Fund now owns 668,243 shares of the company’s stock valued at $38,531,000 after acquiring an additional 44,267 shares during the period. Procyon Advisors LLC lifted its holdings in shares of Altria Group by 59.3% during the first quarter. Procyon Advisors LLC now owns 38,926 shares of the company’s stock worth $2,569,000 after purchasing an additional 14,490 shares during the period. Rayburn West Financial Services LLC acquired a new position in shares of Altria Group during the fourth quarter worth $2,438,000. North Dakota State Investment Board bought a new stake in shares of Altria Group in the fourth quarter worth $3,336,000. Finally, International Assets Investment Management LLC grew its stake in shares of Altria Group by 206.7% in the fourth quarter. International Assets Investment Management LLC now owns 75,573 shares of the company’s stock worth $4,358,000 after purchasing an additional 50,931 shares during the last quarter. 57.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on MO shares. BTIG Research assumed coverage on Altria Group in a research report on Tuesday, July 21st. They set a “neutral” rating for the company. Stifel Nicolaus increased their price target on Altria Group from $68.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Morgan Stanley set a $71.00 price target on Altria Group in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft lifted their price objective on Altria Group from $60.00 to $66.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. Finally, Wall Street Zen cut Altria Group from a “buy” rating to a “hold” rating in a report on Sunday, June 21st. 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 stock. Based on data from MarketBeat, Altria Group currently has an average rating of “Hold” and an average price target of $70.11.

Check Out Our Latest Research Report on Altria Group

Altria Group Stock Down 0.6%

MO stock opened at $68.08 on Wednesday. The firm has a market cap of $113.68 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 2.43 and a beta of 0.46. Altria Group, Inc. has a 12-month low of $54.70 and a 12-month high of $77.06. The company’s fifty day simple moving average is $70.14 and its 200 day simple moving average is $68.91.

Altria Group (NYSE:MO – Get Free Report) 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). Altria Group had a net margin of 33.99% and a negative return on equity of 315.29%. The firm had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $5.35 billion. During the same period last year, the company posted $1.44 EPS. The business’s revenue 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 expect that Altria Group, Inc. will post 5.67 earnings per share for the current year.

Altria Group Company Profile

(Free Report)

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.