Councilmark Asset Management LLC Purchases New Holdings in Altria Group, Inc. $MO

Councilmark Asset Management LLC acquired a new stake in shares of Altria Group, Inc. (NYSE:MO) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 7,966 shares of the company’s stock, valued at approximately $573,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of MO. Cornerstone Planning Group LLC boosted its stake in shares of Altria Group by 5.8% during the 1st quarter. Cornerstone Planning Group LLC now owns 2,619 shares of the company’s stock valued at $191,000 after buying an additional 143 shares during the last quarter. Angeles Wealth Management LLC increased its stake in shares of Altria Group by 1.3% in the second quarter. Angeles Wealth Management LLC now owns 11,239 shares of the company’s stock worth $821,000 after buying an additional 146 shares during the last quarter. Bernardo Wealth Planning LLC raised its holdings in Altria Group by 4.6% in the second quarter. Bernardo Wealth Planning LLC now owns 3,379 shares of the company’s stock valued at $243,000 after acquiring an additional 149 shares in the last quarter. Old Peak Finance LLC raised its holdings in Altria Group by 1.3% in the second quarter. Old Peak Finance LLC now owns 11,920 shares of the company’s stock valued at $858,000 after acquiring an additional 151 shares in the last quarter. Finally, Joel Isaacson & Co. LLC boosted its stake in Altria Group by 0.7% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 23,324 shares of the company’s stock valued at $1,678,000 after acquiring an additional 152 shares during the last quarter. 57.41% of the stock is currently owned by hedge funds and other institutional investors.

Altria Group Price Performance

Altria Group stock opened at $68.08 on Wednesday. Altria Group, Inc. has a 12 month low of $54.70 and a 12 month high of $77.06. The company has a fifty day moving average price of $70.14 and a two-hundred day moving average price of $68.91. The company has a market cap of $113.68 billion, a PE ratio of 14.36, a P/E/G ratio of 2.43 and a beta of 0.46.

Altria Group (NYSE:MO) last posted its quarterly earnings results 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 analyst estimates of $5.35 billion. Altria Group had a net margin of 33.99% and a negative return on equity of 315.29%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the firm posted $1.44 earnings per share. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. Equities research analysts anticipate that Altria Group, Inc. will post 5.67 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on MO shares. The Goldman Sachs Group reissued a “buy” rating and set a $77.00 price objective on shares of Altria Group in a report on Thursday, April 30th. Wall Street Zen lowered shares of Altria Group from a “buy” rating to a “hold” rating in a research note on Sunday, June 21st. Citigroup increased their price target on shares of Altria Group from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Altria Group in a research note on Tuesday, July 14th. Finally, Stifel Nicolaus upped their price objective on Altria Group from $68.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Five 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. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $70.11.

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.