Proficio Capital Partners LLC Invests $773,000 in Altria Group, Inc. $MO

Proficio Capital Partners LLC acquired a new stake in Altria Group, Inc. (NYSE:MO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,740 shares of the company’s stock, valued at approximately $773,000.

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

Altria Group Stock Up 1.6%

Shares of Altria Group stock opened at $69.13 on Thursday. The firm has a market cap of $115.43 billion, a price-to-earnings ratio of 14.58, a price-to-earnings-growth ratio of 2.41 and a beta of 0.46. Altria Group, Inc. has a 52-week low of $54.70 and a 52-week high of $77.06. The company’s 50-day simple moving average is $70.14 and its 200-day simple moving average is $68.93.

Altria Group (NYSE:MO) last announced its quarterly earnings data 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). Altria Group had a net margin of 33.99% and a negative return on equity of 315.29%. The business had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $5.35 billion. During the same period in the prior year, the firm posted $1.44 EPS. Altria Group’s revenue for the quarter 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. Equities research analysts anticipate that Altria Group, Inc. will post 5.67 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Stifel Nicolaus boosted their target price on shares of Altria Group from $68.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Wall Street Zen downgraded Altria Group from a “buy” rating to a “hold” rating in a report on Sunday, June 21st. Barclays reduced their price objective on shares of Altria Group from $64.00 to $58.00 and set an “underweight” rating for the company in a research report on Tuesday, August 11th. The Goldman Sachs Group reiterated a “buy” rating and set a $77.00 price target on shares of Altria Group in a research note on Thursday, April 30th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Altria Group in a research note on Tuesday, July 14th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $70.11.

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.