16,414 Shares in Altria Group, Inc. $MO Acquired by Redwood Investment Management LLC

Redwood Investment Management LLC purchased a new stake in Altria Group, Inc. (NYSE:MO) during the second quarter, HoldingsChannel reports. The firm purchased 16,414 shares of the company’s stock, valued at approximately $1,181,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MO. Cornerstone Planning Group LLC raised its position in shares of Altria Group by 5.8% in the first quarter. Cornerstone Planning Group LLC now owns 2,619 shares of the company’s stock valued at $191,000 after purchasing an additional 143 shares during the period. Angeles Wealth Management LLC grew its stake in Altria Group by 1.3% in the 2nd quarter. Angeles Wealth Management LLC now owns 11,239 shares of the company’s stock valued at $821,000 after buying an additional 146 shares during the last quarter. Bernardo Wealth Planning LLC raised its holdings in Altria Group by 4.6% in 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 raised its holdings in Altria Group by 1.3% in the 2nd quarter. Old Peak Finance LLC now owns 11,920 shares of the company’s stock valued at $858,000 after acquiring an additional 151 shares during the period. Finally, Joel Isaacson & Co. LLC lifted its position in Altria Group by 0.7% during the second quarter. Joel Isaacson & Co. LLC now owns 23,324 shares of the company’s stock worth $1,678,000 after acquiring an additional 152 shares during the last quarter. 57.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

MO has been the topic of several research reports. Wall Street Zen downgraded Altria Group from a “buy” rating to a “hold” rating in a research report on Sunday, June 21st. The Goldman Sachs Group restated a “buy” rating and issued a $77.00 price target on shares of Altria Group in a research note on Thursday, April 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Altria Group in a report on Tuesday, July 14th. UBS Group increased their price objective on Altria Group from $76.00 to $79.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Finally, Barclays dropped their target price 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 equities 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 company’s stock. According to data from MarketBeat, Altria Group has a consensus rating of “Hold” and an average target price of $70.11.

Altria Group Trading Up 1.6%

Shares of MO opened at $69.13 on Thursday. Altria Group, Inc. has a 12 month low of $54.70 and a 12 month high of $77.06. The firm’s 50 day moving average is $70.14 and its 200-day moving average is $68.93. The stock has a market capitalization of $115.43 billion, a PE ratio of 14.58, a P/E/G ratio of 2.41 and a beta of 0.46.

Altria Group (NYSE:MO) last issued 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 during 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 company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.44 earnings per share. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. Equities research analysts predict 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.