12,689 Shares in Altria Group, Inc. $MO Purchased by Van Hulzen Asset Management LLC

Van Hulzen Asset Management LLC acquired a new stake in Altria Group, Inc. (NYSE:MO) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,689 shares of the company’s stock, valued at approximately $913,000.

Other institutional investors have also modified their holdings of the company. Illinois Municipal Retirement Fund increased its stake in shares of Altria Group by 7.1% during the fourth quarter. Illinois Municipal Retirement Fund now owns 668,243 shares of the company’s stock worth $38,531,000 after buying an additional 44,267 shares during the period. Procyon Advisors LLC grew its holdings in Altria Group by 59.3% during the 1st quarter. Procyon Advisors LLC now owns 38,926 shares of the company’s stock worth $2,569,000 after acquiring an additional 14,490 shares in the last quarter. Rayburn West Financial Services LLC purchased a new stake in shares of Altria Group in the 4th quarter valued at approximately $2,438,000. North Dakota State Investment Board purchased a new stake in shares of Altria Group in the 4th quarter valued at approximately $3,336,000. Finally, International Assets Investment Management LLC raised its holdings in shares of Altria Group by 206.7% in the 4th quarter. International Assets Investment Management LLC now owns 75,573 shares of the company’s stock valued at $4,358,000 after purchasing an additional 50,931 shares in the last quarter. 57.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on MO. Wall Street Zen cut shares of Altria Group from a “buy” rating to a “hold” rating in a research report on Sunday, June 21st. Citigroup lifted their price target on Altria Group from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Morgan Stanley set a $71.00 price objective on Altria Group in a research report on Friday, May 1st. Stifel Nicolaus raised their target price on Altria Group from $68.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $77.00 price target on shares of Altria Group in a report on Thursday, April 30th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Altria Group currently has a consensus rating of “Hold” and an average price target of $70.11.

Altria Group Price Performance

Shares of NYSE:MO opened at $68.08 on Wednesday. Altria Group, Inc. has a 1-year low of $54.70 and a 1-year high of $77.06. The stock has a market cap of $113.68 billion, a P/E ratio of 14.36, a P/E/G ratio of 2.43 and a beta of 0.46. The firm has a fifty day moving average price of $70.14 and a 200 day moving average price of $68.91.

Altria Group (NYSE:MO) last posted 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 net margin of 33.99% and a negative return on equity of 315.29%. The business had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.35 billion. During the same quarter in the prior year, the firm posted $1.44 earnings per share. The company’s revenue for the quarter 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. Sell-side analysts expect that Altria Group, Inc. will post 5.67 EPS for the current fiscal year.

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.