Wealthfront Advisers LLC Purchases 62,139 Shares of Altria Group, Inc. $MO

Wealthfront Advisers LLC grew its holdings in shares of Altria Group, Inc. (NYSE:MO) by 20.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 372,191 shares of the company’s stock after acquiring an additional 62,139 shares during the quarter. Wealthfront Advisers LLC’s holdings in Altria Group were worth $26,779,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Brighton Jones LLC lifted its stake in Altria Group by 64.7% in the fourth quarter. Brighton Jones LLC now owns 17,702 shares of the company’s stock worth $926,000 after purchasing an additional 6,954 shares during the last quarter. Sivia Capital Partners LLC boosted its position in Altria Group by 86.3% during the second 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% during the second quarter. Schnieders Capital Management LLC. now owns 9,630 shares of the company’s stock valued at $565,000 after buying an additional 618 shares during the last quarter. Gamco Investors INC. ET AL bought a new position in shares of Altria Group during the second quarter valued at about $346,000. Finally, AXA S.A. bought a new position in shares of Altria Group during the second quarter valued at about $5,752,000. 57.41% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Altria Group

In other Altria Group news, Director Ennis Debra J. Kelly sold 5,790 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $72.25, for a total transaction of $418,327.50. Following the sale, the director directly owned 73,809 shares in the company, valued at approximately $5,332,700.25. This trade represents a 7.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ellen R. Strahlman sold 2,000 shares of Altria Group stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $72.56, for a total value of $145,120.00. Following the completion of the sale, the director directly owned 25,102 shares of the company’s stock, valued at approximately $1,821,401.12. The trade was a 7.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.10% of the company’s stock.

Altria Group Stock Down 1.6%

MO stock opened at $65.87 on Friday. The business has a 50 day moving average of $70.20 and a 200 day moving average of $68.81. The firm has a market cap of $109.99 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 2.37 and a beta of 0.46. Altria Group, Inc. has a twelve month low of $54.70 and a twelve month high of $77.06.

Altria Group (NYSE:MO) last issued its 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). 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 during the quarter, compared to analysts’ expectations of $5.35 billion. During the same period last year, the firm posted $1.44 earnings per share. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. On average, research analysts expect that Altria Group, Inc. will post 5.67 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MO has been the subject of a number of recent research reports. Jefferies Financial Group boosted their target price on Altria Group from $50.00 to $60.00 and gave the company an “underperform” rating in a research note on Wednesday, May 27th. Citigroup lifted their price target on Altria Group from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Altria Group in a research report on Tuesday, July 14th. UBS Group increased their price objective on Altria Group from $76.00 to $79.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Finally, Stifel Nicolaus increased their price objective on Altria Group from $68.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $70.11.

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.