Canada Pension Plan Investment Board Takes Position in Altria Group, Inc. $MO

Canada Pension Plan Investment Board purchased a new stake in Altria Group, Inc. (NYSE:MO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,860,917 shares of the company’s stock, valued at approximately $349,743,000. Canada Pension Plan Investment Board owned approximately 0.29% of Altria Group at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MO. Cornerstone Planning Group LLC lifted its holdings in Altria Group by 5.8% in the first 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 during the period. Angeles Wealth Management LLC grew its stake in shares of 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 during the period. Bernardo Wealth Planning LLC grew its stake in shares of 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 during the period. Old Peak Finance LLC increased its holdings in shares of Altria Group by 1.3% in the 2nd quarter. Old Peak Finance LLC now owns 11,920 shares of the company’s stock valued at $858,000 after purchasing an additional 151 shares in the last quarter. Finally, Joel Isaacson & Co. LLC increased its holdings in shares of Altria Group by 0.7% in the 2nd quarter. Joel Isaacson & Co. LLC now owns 23,324 shares of the company’s stock valued at $1,678,000 after purchasing an additional 152 shares in the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Analyst Upgrades and Downgrades

MO has been the subject of several recent analyst reports. Morgan Stanley set a $71.00 price objective on shares of Altria Group in a research note on Friday, May 1st. Stifel Nicolaus increased their target price on shares of Altria Group from $68.00 to $77.00 and gave the company a “buy” rating in a report on Friday, May 1st. Jefferies Financial Group lifted their price target on shares of Altria Group from $50.00 to $60.00 and gave the company an “underperform” rating in a research report on Wednesday, May 27th. Wall Street Zen downgraded shares of Altria Group from a “buy” rating to a “hold” rating in a research report on Sunday, June 21st. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Altria Group from $60.00 to $66.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $70.11.

Altria Group Stock Down 0.6%

Shares of MO stock opened at $68.08 on Wednesday. The stock has a market cap of $113.68 billion, a P/E ratio of 14.36, a P/E/G ratio of 2.43 and a beta of 0.46. Altria Group, Inc. has a fifty-two week low of $54.70 and a fifty-two week high of $77.06. The business has a fifty day simple moving average of $70.14 and a 200-day simple moving average of $68.91.

Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.48 EPS for the quarter, missing the consensus estimate 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 prior year, the firm earned $1.44 earnings per share. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. On average, sell-side analysts anticipate that Altria Group, Inc. will post 5.67 earnings per share for the current year.

Altria Group Company 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.