23,753 Shares in Altria Group, Inc. $MO Purchased by Pure Financial Advisors LLC

Pure Financial Advisors LLC bought a new stake in Altria Group, Inc. (NYSE:MO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 23,753 shares of the company’s stock, valued at approximately $1,709,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Payne Capital Management LLC bought a new position in Altria Group during the second quarter valued at $210,000. Transamerica Financial Advisors LLC bought a new stake in shares of Altria Group in the second quarter valued at $852,000. Corient Private Wealth LP purchased a new position in shares of Altria Group during the 2nd quarter valued at $42,930,000. Perennial Investment Advisors LLC purchased a new position in shares of Altria Group during the 2nd quarter valued at $616,000. Finally, Philadelphia Investment Partners LLC purchased a new stake in Altria Group in the 2nd quarter worth about $432,000. 57.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on MO shares. Citigroup raised their price target 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. Deutsche Bank Aktiengesellschaft increased their price objective on Altria Group from $60.00 to $66.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Altria Group in a research note on Tuesday, July 14th. Barclays reduced their target price on Altria Group from $64.00 to $58.00 and set an “underweight” rating for the company in a research report on Tuesday, August 11th. Finally, Wall Street Zen lowered Altria Group from a “buy” rating to a “hold” rating in a research note on Sunday, June 21st. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $70.11.

Altria Group Price Performance

MO stock opened at $69.13 on Thursday. The firm has a 50 day simple moving average of $70.14 and a two-hundred day simple moving average of $68.93. The stock has a market cap of $115.43 billion, a PE ratio of 14.58, a P/E/G ratio of 2.41 and a beta of 0.46. Altria Group, Inc. has a one year low of $54.70 and a one year high of $77.06.

Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.50 by ($0.02). Altria Group had a net margin of 33.99% and a negative return on equity of 315.29%. The company had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $5.35 billion. During the same quarter last year, the business posted $1.44 EPS. The business’s quarterly 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 EPS 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.