12,797 Shares in Altria Group, Inc. $MO Acquired by Rakuten Securities Inc.

Rakuten Securities Inc. purchased a new position in Altria Group, Inc. (NYSE:MO) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 12,797 shares of the company’s stock, valued at approximately $921,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bard Associates Inc. bought a new stake in shares of Altria Group during the second quarter valued at approximately $326,000. Ieq Capital LLC bought a new position in shares of Altria Group during the second quarter worth $9,886,000. Callan Family Office LLC purchased a new position in Altria Group during the second quarter valued at $2,911,000. Fund Advisors of America Inc FL purchased a new position in Altria Group during the second quarter valued at $762,000. Finally, Keebeck Wealth Management purchased a new position in Altria Group during the second quarter valued at $437,000. Institutional investors own 57.41% of the company’s stock.

Insider Buying and Selling

In other news, Director Ellen R. Strahlman sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $72.56, for a total transaction of $145,120.00. Following the transaction, the director owned 25,102 shares of the company’s stock, valued at approximately $1,821,401.12. The trade was a 7.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ennis Debra J. Kelly sold 5,790 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $72.25, for a total value of $418,327.50. Following the sale, the director owned 73,809 shares in the company, valued at $5,332,700.25. The trade was a 7.27% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have commented on MO. The Goldman Sachs Group reiterated a “buy” rating and issued a $77.00 price target on shares of Altria Group in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft raised their price objective on Altria Group from $60.00 to $66.00 and gave the company a “hold” rating in a research report on Monday, May 4th. BTIG Research started coverage on Altria Group in a research report on Tuesday, July 21st. They issued a “neutral” rating on the stock. Barclays dropped their price target on Altria Group from $64.00 to $58.00 and set an “underweight” rating for the company in a research note on Tuesday, August 11th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Altria Group in a report on Tuesday, July 14th. 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $70.11.

Altria Group Stock Down 0.3%

Altria Group stock opened at $65.87 on Monday. The company has a market cap of $109.99 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 2.34 and a beta of 0.46. The firm’s fifty day moving average is $70.20 and its 200 day moving average is $68.86. Altria Group, Inc. has a 52-week low of $54.70 and a 52-week high of $77.06.

Altria Group (NYSE:MO) last issued 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 negative return on equity of 315.29% and a net margin of 33.99%.The company had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $5.35 billion. During the same period in the previous year, the firm earned $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, equities research analysts anticipate that Altria Group, Inc. will post 5.67 earnings per share for the current fiscal 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.