Cornerstone Select Advisors LLC Decreases Position in Altria Group, Inc. $MO

Cornerstone Select Advisors LLC cut its holdings in Altria Group, Inc. (NYSE:MO) by 4.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 19,857 shares of the company’s stock after selling 902 shares during the period. Cornerstone Select Advisors LLC’s holdings in Altria Group were worth $1,164,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Mattson Financial Services LLC bought a new stake in shares of Altria Group in the 1st quarter valued at about $25,000. Global X Japan Co. Ltd. bought a new position in Altria Group during the 2nd quarter worth approximately $25,000. Carderock Capital Management Inc. purchased a new position in Altria Group in the 2nd quarter worth approximately $26,000. Anfield Capital Management LLC lifted its position in Altria Group by 334.7% in the second quarter. Anfield Capital Management LLC now owns 539 shares of the company’s stock valued at $32,000 after purchasing an additional 415 shares during the last quarter. Finally, Winnow Wealth LLC bought a new stake in Altria Group in the second quarter valued at approximately $35,000. 57.41% of the stock is owned by institutional investors.

Altria Group Stock Down 0.0%

NYSE:MO opened at $58.16 on Friday. The firm’s fifty day simple moving average is $62.50 and its 200 day simple moving average is $61.80. The stock has a market cap of $97.63 billion, a P/E ratio of 11.25, a price-to-earnings-growth ratio of 3.45 and a beta of 0.51. Altria Group, Inc. has a twelve month low of $50.08 and a twelve month high of $68.60.

Altria Group (NYSE:MO) last issued its quarterly earnings data on Thursday, October 30th. The company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.44 by $0.01. The business had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.31 billion. Altria Group had a net margin of 37.24% and a negative return on equity of 295.26%. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.38 EPS. Altria Group has set its FY 2025 guidance at 5.370-5.45 EPS. On average, analysts expect that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.

Altria Group declared that its board has authorized a share repurchase program on Thursday, October 30th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the company to buy up to 1.9% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

Several brokerages have recently issued reports on MO. The Goldman Sachs Group raised their target price on shares of Altria Group from $65.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. UBS Group dropped their price target on shares of Altria Group from $68.00 to $61.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Bank of America raised their price target on shares of Altria Group from $64.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, August 22nd. Stifel Nicolaus set a $72.00 price objective on shares of Altria Group in a research note on Thursday, August 21st. Finally, Morgan Stanley increased their target price on shares of Altria Group from $57.00 to $62.00 and gave the stock an “equal weight” rating in a report on Thursday, July 31st. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $62.33.

Altria Group Company Profile

Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company offers cigarettes primarily under the Marlboro brand; large cigars and pipe tobacco under the Black & Mild brand; moist smokeless tobacco and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; oral nicotine pouches under the on! brand; and e-vapor products under the NJOY ACE brand.