428,918 Shares in Altria Group, Inc. $MO Acquired by Man Group plc

Man Group plc acquired a new stake in Altria Group, Inc. (NYSE:MO) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 428,918 shares of the company’s stock, valued at approximately $30,861,000.

Several other institutional investors have also added to or reduced their stakes in the business. Cornerstone Planning Group LLC boosted its position in shares of Altria Group by 5.8% during the first quarter. Cornerstone Planning Group LLC now owns 2,619 shares of the company’s stock valued at $191,000 after buying an additional 143 shares during the last quarter. Angeles Wealth Management LLC raised its position in Altria Group by 1.3% in the 2nd quarter. Angeles Wealth Management LLC now owns 11,239 shares of the company’s stock worth $821,000 after buying an additional 146 shares during the last quarter. Bernardo Wealth Planning LLC lifted its stake in Altria Group by 4.6% during the 2nd quarter. Bernardo Wealth Planning LLC now owns 3,379 shares of the company’s stock valued at $243,000 after acquiring an additional 149 shares during the period. Old Peak Finance LLC lifted its position 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 grew its position in Altria Group by 0.7% in the 2nd quarter. Joel Isaacson & Co. LLC now owns 23,324 shares of the company’s stock worth $1,678,000 after purchasing an additional 152 shares during the period. 57.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MO has been the topic of several research analyst reports. The Goldman Sachs Group reissued a “buy” rating and set a $77.00 price target on shares of Altria Group in a report on Thursday, April 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Altria Group in a report on Tuesday, July 14th. Barclays dropped their target price on Altria Group from $64.00 to $58.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 11th. Morgan Stanley set a $71.00 price objective on shares of Altria Group in a research note on Friday, May 1st. Finally, Citigroup boosted their target price on shares of Altria Group from $65.00 to $70.00 and gave the company a “neutral” rating in a research 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’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $70.11.

Altria Group Stock Performance

Shares of Altria Group stock opened at $69.13 on Thursday. The stock has a market cap of $115.43 billion, a P/E ratio of 14.58, a P/E/G ratio of 2.41 and a beta of 0.46. The stock’s fifty day moving average is $70.14 and its 200 day moving average is $68.93. Altria Group, Inc. has a one year low of $54.70 and a one year high of $77.06.

Altria Group (NYSE:MO) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.50 by ($0.02). The company had revenue of $5.36 billion for 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 period in the prior year, the firm posted $1.44 EPS. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. Analysts predict 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.