Perennial Investment Advisors LLC Makes New $616,000 Investment in Altria Group, Inc. $MO

Perennial Investment Advisors LLC purchased a new stake in shares of Altria Group, Inc. (NYSE:MO) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 8,562 shares of the company’s stock, valued at approximately $616,000.

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

Analyst Ratings Changes

MO has been the topic of several analyst reports. Morgan Stanley set a $71.00 target price on shares of Altria Group in a report on Friday, May 1st. Weiss Ratings reissued a “buy (b)” rating on shares of Altria Group in a research report on Tuesday, July 14th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $77.00 price objective on shares of Altria Group in a research report on Thursday, April 30th. BTIG Research started coverage on Altria Group in a report on Tuesday, July 21st. They issued a “neutral” rating on the stock. Finally, Barclays decreased their price target on Altria Group from $64.00 to $58.00 and set an “underweight” rating for the company in a report on Tuesday, August 11th. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Altria Group presently has a consensus rating of “Hold” and an average price target of $70.11.

Altria Group Trading Up 1.6%

Shares of Altria Group stock opened at $69.13 on Thursday. The company has a fifty day simple moving average of $70.14 and a 200-day simple moving average of $68.93. The stock 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, Inc. has a 12-month low of $54.70 and a 12-month high of $77.06.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.48 EPS 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 analyst estimates of $5.35 billion. During the same quarter in the prior year, the business earned $1.44 earnings per share. Altria Group’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, analysts forecast 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.