Clarion Wealth Managment Partners LLC Buys Shares of 8,073 Altria Group, Inc. $MO

Clarion Wealth Managment Partners LLC bought a new position in shares of Altria Group, Inc. (NYSE:MO) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 8,073 shares of the company’s stock, valued at approximately $581,000.

Other institutional investors also recently modified their holdings of the company. Cornerstone Planning Group LLC raised its position in shares of Altria Group by 5.8% in the 1st 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 boosted its stake in 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 acquiring an additional 146 shares during the last quarter. Bernardo Wealth Planning LLC grew its holdings in Altria Group by 4.6% during the second quarter. Bernardo Wealth Planning LLC now owns 3,379 shares of the company’s stock valued at $243,000 after purchasing an additional 149 shares during the period. Old Peak Finance LLC grew its holdings in Altria Group by 1.3% during the second 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 during the period. Finally, Joel Isaacson & Co. LLC increased its stake 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 purchasing an additional 152 shares in the last quarter. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MO has been the topic of several analyst reports. Jefferies Financial Group increased their target price on shares of Altria Group from $50.00 to $60.00 and gave the stock an “underperform” rating in a report on Wednesday, May 27th. Barclays lowered 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. UBS Group raised their price objective on Altria Group from $76.00 to $79.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Wall Street Zen cut Altria Group from a “buy” rating to a “hold” rating in a research note on Sunday, June 21st. Finally, Stifel Nicolaus increased their price target on Altria Group from $68.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Altria Group has a consensus rating of “Hold” and an average price target of $70.11.

Altria Group Trading Up 3.6%

Shares of NYSE MO opened at $68.46 on Tuesday. The company has a fifty day moving average price of $70.18 and a 200 day moving average price of $68.89. The firm has a market cap of $114.32 billion, a PE ratio of 14.44, a PEG ratio of 2.34 and a beta of 0.46. Altria Group, Inc. has a 1-year low of $54.70 and a 1-year high of $77.06.

Altria Group (NYSE:MO) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.02). The firm had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $5.35 billion. Altria Group had a net margin of 33.99% and a negative return on equity of 315.29%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.44 earnings per share. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. Equities research analysts forecast that Altria Group, Inc. will post 5.67 EPS 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.