Visionary Wealth Advisors Makes New Investment in Altria Group, Inc. $MO

Visionary Wealth Advisors purchased a new position in shares of Altria Group, Inc. (NYSE:MO) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 172,890 shares of the company’s stock, valued at approximately $12,439,000.

Several other hedge funds and other institutional investors have also made changes to their positions in MO. Illinois Municipal Retirement Fund boosted its position in shares of Altria Group by 7.1% in the 4th quarter. Illinois Municipal Retirement Fund now owns 668,243 shares of the company’s stock valued at $38,531,000 after purchasing an additional 44,267 shares during the period. Procyon Advisors LLC increased its position in Altria Group by 59.3% during the first quarter. Procyon Advisors LLC now owns 38,926 shares of the company’s stock worth $2,569,000 after buying an additional 14,490 shares during the period. Rayburn West Financial Services LLC acquired a new position in Altria Group during the fourth quarter worth approximately $2,438,000. North Dakota State Investment Board purchased a new stake in Altria Group in the fourth quarter valued at approximately $3,336,000. Finally, International Assets Investment Management LLC lifted its stake in Altria Group by 206.7% in the fourth quarter. International Assets Investment Management LLC now owns 75,573 shares of the company’s stock valued at $4,358,000 after buying an additional 50,931 shares during the last quarter. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Altria Group Price Performance

Shares of NYSE MO opened at $68.46 on Tuesday. The stock has a fifty day moving average price of $70.18 and a 200 day moving average price of $68.89. Altria Group, Inc. has a 1-year low of $54.70 and a 1-year high of $77.06. The company has a market cap of $114.32 billion, a PE ratio of 14.44, a P/E/G ratio of 2.34 and a beta of 0.46.

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 negative return on equity of 315.29% and a net margin of 33.99%.The firm had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $5.35 billion. During the same quarter in the previous year, the company posted $1.44 EPS. The firm’s quarterly 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. Analysts anticipate that Altria Group, Inc. will post 5.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on MO shares. Wall Street Zen lowered shares of Altria Group from a “buy” rating to a “hold” rating in a research report on Sunday, June 21st. Deutsche Bank Aktiengesellschaft upped their price target on shares of Altria Group from $60.00 to $66.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Stifel Nicolaus increased their price target on shares of Altria Group from $68.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. UBS Group raised their price objective on shares of Altria Group from $76.00 to $79.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Finally, Morgan Stanley set a $71.00 price objective on shares of Altria Group in a research note on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price 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.