Global Retirement Partners LLC Purchases Shares of 104,863 Altria Group, Inc. $MO

Global Retirement Partners LLC acquired a new stake in shares of Altria Group, Inc. (NYSE:MO) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 104,863 shares of the company’s stock, valued at approximately $7,545,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cornerstone Planning Group LLC lifted its position in Altria Group by 5.8% in the 1st quarter. Cornerstone Planning Group LLC now owns 2,619 shares of the company’s stock valued at $191,000 after acquiring an additional 143 shares in the last quarter. Angeles Wealth Management LLC increased its holdings in Altria Group by 1.3% during the 2nd quarter. Angeles Wealth Management LLC now owns 11,239 shares of the company’s stock worth $821,000 after purchasing an additional 146 shares in the last quarter. Bernardo Wealth Planning LLC increased its holdings in Altria Group by 4.6% during the 2nd quarter. Bernardo Wealth Planning LLC now owns 3,379 shares of the company’s stock worth $243,000 after purchasing an additional 149 shares in the last quarter. Old Peak Finance LLC raised its stake 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 worth $858,000 after purchasing an additional 151 shares during the last quarter. Finally, Joel Isaacson & Co. LLC raised its stake 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 worth $1,678,000 after purchasing an additional 152 shares during the last quarter. 57.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MO has been the topic of several analyst reports. Stifel Nicolaus lifted their target price on Altria Group from $68.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Morgan Stanley set a $71.00 price target on Altria Group in a research report on Friday, May 1st. BTIG Research assumed coverage on Altria Group in a research note on Tuesday, July 21st. They set a “neutral” rating on the stock. Citigroup raised their price objective on Altria Group from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Finally, UBS Group upped their target price on shares of Altria Group from $76.00 to $79.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $70.11.

Altria Group Stock Up 1.3%

Altria Group stock opened at $66.91 on Friday. Altria Group, Inc. has a 52 week low of $54.70 and a 52 week high of $77.06. The company’s 50 day moving average price is $70.32 and its two-hundred day moving average price is $68.83. The stock has a market cap of $111.72 billion, a P/E ratio of 14.12, a P/E/G ratio of 2.34 and a beta of 0.46.

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

Insider Buying and Selling at Altria Group

In other Altria Group news, Director Ennis Debra J. Kelly sold 5,790 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $72.25, for a total value of $418,327.50. Following the completion of the transaction, the director owned 73,809 shares in the company, valued at $5,332,700.25. This represents a 7.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ellen R. Strahlman sold 2,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $72.56, for a total value of $145,120.00. Following the sale, the director directly owned 25,102 shares of the company’s stock, valued at approximately $1,821,401.12. This represents a 7.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is currently owned by insiders.

About Altria Group

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.