Cibc World Market Inc. Makes New $17.11 Million Investment in Altria Group, Inc. $MO

Cibc World Market Inc. purchased a new position in Altria Group, Inc. (NYSE:MO) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 237,861 shares of the company’s stock, valued at approximately $17,114,000.

Several other institutional investors and hedge funds have also made changes to their positions in MO. Sanctuary Advisors LLC bought a new position in shares of Altria Group in the second quarter valued at approximately $41,675,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Altria Group during the second quarter worth approximately $50,511,000. Capital Square LLC bought a new stake in Altria Group during the second quarter worth approximately $4,967,000. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in Altria Group in the second quarter worth approximately $5,712,000. Finally, Clarion Wealth Managment Partners LLC acquired a new stake in Altria Group in the second quarter worth approximately $581,000. 57.41% of the stock is currently owned by institutional investors.

Altria Group Stock Performance

Altria Group stock opened at $68.46 on Tuesday. The firm has a market cap of $114.32 billion, a price-to-earnings ratio of 14.44, a price-to-earnings-growth 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. The firm’s 50 day moving average price is $70.18 and its two-hundred day moving average price is $68.89.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.48 EPS 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 company had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.35 billion. During the same quarter last year, the company posted $1.44 EPS. Altria Group’s 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. As a group, equities analysts predict that Altria Group, Inc. will post 5.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MO. UBS Group lifted their price target on Altria Group from $76.00 to $79.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Weiss Ratings restated a “buy (b)” rating on shares of Altria Group in a report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft raised their target price on Altria Group from $60.00 to $66.00 and gave the company a “hold” rating in a research note on Monday, May 4th. Morgan Stanley set a $71.00 target price on Altria Group in a report on Friday, May 1st. Finally, Wall Street Zen cut shares of Altria Group from a “buy” rating to a “hold” rating in a research report on Sunday, June 21st. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Altria Group currently has a consensus rating of “Hold” and a consensus price target 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.