15,156 Shares in Altria Group, Inc. $MO Purchased by Magnolia Capital Advisors LLC

Magnolia Capital Advisors LLC purchased a new stake in Altria Group, Inc. (NYSE:MO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 15,156 shares of the company’s stock, valued at approximately $1,090,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. GQG Partners LLC purchased a new stake in shares of Altria Group in the second quarter worth approximately $1,806,782,000. Legal & General Group Plc bought a new position in shares of Altria Group in the second quarter valued at approximately $631,606,000. Charles Schwab Investment Management Inc. boosted its position in shares of Altria Group by 10.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 65,516,916 shares of the company’s stock valued at $3,777,931,000 after buying an additional 6,265,780 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Altria Group during the second quarter valued at approximately $349,743,000. Finally, Assenagon Asset Management S.A. grew its holdings in Altria Group by 3,691.2% during the second quarter. Assenagon Asset Management S.A. now owns 3,606,561 shares of the company’s stock worth $259,492,000 after buying an additional 3,511,430 shares in the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Stock Up 1.6%

Shares of NYSE:MO opened at $69.13 on Thursday. The company has a 50-day moving average price of $70.14 and a two-hundred day moving average price of $68.93. The firm has a market capitalization 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 twelve month low of $54.70 and a twelve month high of $77.06.

Altria Group (NYSE:MO) last released 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 quarter in the prior year, the firm posted $1.44 earnings per share. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. Analysts anticipate that Altria Group, Inc. will post 5.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on MO shares. Jefferies Financial Group increased their price target on Altria Group from $50.00 to $60.00 and gave the company an “underperform” rating in a research report on Wednesday, May 27th. Wall Street Zen downgraded shares of Altria Group from a “buy” rating to a “hold” rating in a report on Sunday, June 21st. 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 note on Monday, May 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Altria Group in a research report on Tuesday, July 14th. Finally, Citigroup boosted their price target on shares of Altria Group from $65.00 to $70.00 and gave the stock a “neutral” 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 assigned a Sell rating to the company. According to data from MarketBeat, Altria Group 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.