Proficio Capital Partners LLC Acquires New Position in Altria Group, Inc. $MO

Proficio Capital Partners LLC purchased a new position in shares of Altria Group, Inc. (NYSE:MO) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 10,740 shares of the company’s stock, valued at approximately $773,000.

A number of other institutional investors and hedge funds have also modified their holdings of MO. Brighton Jones LLC lifted its stake in Altria Group by 64.7% in the 4th quarter. Brighton Jones LLC now owns 17,702 shares of the company’s stock valued at $926,000 after buying an additional 6,954 shares in the last quarter. Sivia Capital Partners LLC lifted its position in shares of Altria Group by 86.3% in the second quarter. Sivia Capital Partners LLC now owns 6,361 shares of the company’s stock valued at $373,000 after acquiring an additional 2,946 shares in the last quarter. Schnieders Capital Management LLC. lifted its position in shares of Altria Group by 6.9% in the second quarter. Schnieders Capital Management LLC. now owns 9,630 shares of the company’s stock valued at $565,000 after acquiring an additional 618 shares in the last quarter. Gamco Investors INC. ET AL acquired a new stake in shares of Altria Group during the second quarter valued at $346,000. Finally, AXA S.A. acquired a new stake in shares of Altria Group during the second quarter valued at $5,752,000. Institutional investors and hedge funds own 57.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Morgan Stanley set a $71.00 target price on shares of Altria Group in a report on Friday, May 1st. Wall Street Zen lowered shares of Altria Group from a “buy” rating to a “hold” rating in a research report on Sunday, June 21st. Citigroup upped their price objective on shares of Altria Group from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Weiss Ratings restated a “buy (b)” rating on shares of Altria Group in a research report on Tuesday, July 14th. Finally, BTIG Research initiated coverage on shares of Altria Group in a research note on Tuesday, July 21st. They issued a “neutral” rating for the company. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $70.11.

Altria Group Stock Performance

Altria Group stock opened at $69.13 on Thursday. Altria Group, Inc. has a 1 year low of $54.70 and a 1 year high of $77.06. The firm has a 50 day moving average price of $70.14 and a 200 day moving average price of $68.93. The company has a market cap of $115.43 billion, a price-to-earnings ratio of 14.58, a PEG ratio of 2.41 and a beta of 0.46.

Altria Group (NYSE:MO) last announced its quarterly earnings results 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). The company had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.35 billion. Altria Group had a net margin of 33.99% and a negative return on equity of 315.29%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.44 EPS. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. Sell-side analysts predict that Altria Group, Inc. will post 5.67 EPS for the current year.

About Altria Group

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.