Clarion Wealth Managment Partners LLC Invests $581,000 in Altria Group, Inc. $MO

Clarion Wealth Managment Partners LLC acquired a new stake in Altria Group, Inc. (NYSE:MO) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 8,073 shares of the company’s stock, valued at approximately $581,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Altria Group by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 160,980,626 shares of the company’s stock worth $9,282,143,000 after purchasing an additional 1,903,530 shares during the last quarter. BlackRock Inc. increased its holdings in Altria Group by 1.1% during the second quarter. BlackRock Inc. now owns 126,073,166 shares of the company’s stock worth $9,070,964,000 after buying an additional 1,325,175 shares during the last quarter. State Street Corp increased its stake in shares of Altria Group by 1.6% during the 4th quarter. State Street Corp now owns 72,830,531 shares of the company’s stock worth $4,275,886,000 after purchasing an additional 1,147,141 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Altria Group by 10.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 65,516,916 shares of the company’s stock valued at $3,777,931,000 after purchasing an additional 6,265,780 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Altria Group by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 45,984,718 shares of the company’s stock worth $2,651,383,000 after buying an additional 729,999 shares during the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on MO shares. Jefferies Financial Group lifted their target price on Altria Group from $50.00 to $60.00 and gave the stock an “underperform” rating in a research note on Wednesday, May 27th. Citigroup raised their price target on Altria Group from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Stifel Nicolaus upped their price objective on shares of Altria Group from $68.00 to $77.00 and gave the company a “buy” rating in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft increased their price objective 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. Finally, BTIG Research began coverage on shares of Altria Group in a research note on Tuesday, July 21st. They set a “neutral” rating for the company. 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. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $70.11.

Altria Group Price Performance

Shares of NYSE:MO opened at $68.46 on Tuesday. The company has a market capitalization of $114.32 billion, a P/E ratio of 14.44, a P/E/G ratio of 2.34 and a beta of 0.46. Altria Group, Inc. has a 1 year low of $54.70 and a 1 year high of $77.06. The business’s 50 day simple moving average is $70.18 and its 200 day simple moving average is $68.89.

Altria Group (NYSE:MO) last released its 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 net margin of 33.99% and a negative return on equity of 315.29%. The firm had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $5.35 billion. During the same period in the prior year, the business earned $1.44 earnings per share. Altria Group’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. On average, sell-side analysts anticipate that Altria Group, Inc. will post 5.67 EPS for the current fiscal year.

About Altria Group

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.