428,918 Shares in Altria Group, Inc. $MO Bought by Man Group plc

Man Group plc purchased a new stake in Altria Group, Inc. (NYSE:MO) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 428,918 shares of the company’s stock, valued at approximately $30,861,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Brighton Jones LLC raised its stake in Altria Group by 64.7% in the fourth quarter. Brighton Jones LLC now owns 17,702 shares of the company’s stock worth $926,000 after buying an additional 6,954 shares in the last quarter. Sivia Capital Partners LLC raised its position in shares of Altria Group by 86.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 6,361 shares of the company’s stock worth $373,000 after acquiring an additional 2,946 shares in the last quarter. Schnieders Capital Management LLC. raised its position in shares of Altria Group by 6.9% in the 2nd quarter. Schnieders Capital Management LLC. now owns 9,630 shares of the company’s stock worth $565,000 after acquiring an additional 618 shares in the last quarter. Gamco Investors INC. ET AL purchased a new position in shares of Altria Group in the 2nd quarter valued at approximately $346,000. Finally, AXA S.A. purchased a new position in shares of Altria Group in the 2nd quarter valued at approximately $5,752,000. 57.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MO has been the topic of several research reports. Wall Street Zen lowered Altria Group from a “buy” rating to a “hold” rating in a research report on Sunday, June 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Altria Group in a report on Tuesday, July 14th. BTIG Research assumed coverage on Altria Group in a research report on Tuesday, July 21st. They set a “neutral” rating for the company. Citigroup boosted their target price on shares of Altria Group from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Altria Group from $60.00 to $66.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $70.11.

Altria Group Stock Up 1.6%

MO stock opened at $69.13 on Thursday. The business has a 50 day moving average of $70.14 and a 200 day moving average of $68.93. The firm has a market cap of $115.43 billion, a PE ratio of 14.58, a price-to-earnings-growth ratio of 2.41 and a beta of 0.46. Altria Group, Inc. has a twelve month low of $54.70 and a twelve month high of $77.06.

Altria Group (NYSE:MO) last released its 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). Altria Group had a negative return on equity of 315.29% and a net margin of 33.99%.The company had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $5.35 billion. During the same period last year, the firm posted $1.44 earnings per share. The company’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. On average, research analysts expect that Altria Group, Inc. will post 5.67 earnings per share for the current fiscal year.

Altria Group 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.