TRUE Private Wealth Advisors Buys 1,760 Shares of Altria Group, Inc. $MO

TRUE Private Wealth Advisors raised its stake in shares of Altria Group, Inc. (NYSE:MO) by 37.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 6,471 shares of the company’s stock after purchasing an additional 1,760 shares during the period. TRUE Private Wealth Advisors’ holdings in Altria Group were worth $379,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Altria Group in the 2nd quarter worth $126,471,000. Vanguard Group Inc. lifted its position in shares of Altria Group by 1.0% in the second quarter. Vanguard Group Inc. now owns 159,717,148 shares of the company’s stock valued at $9,364,216,000 after acquiring an additional 1,599,923 shares in the last quarter. Central Valley Advisors LLC purchased a new position in shares of Altria Group in the second quarter valued at about $1,715,000. Invst LLC boosted its stake in shares of Altria Group by 252.0% in the first quarter. Invst LLC now owns 16,188 shares of the company’s stock worth $972,000 after acquiring an additional 11,589 shares during the period. Finally, Vise Technologies Inc. purchased a new stake in shares of Altria Group during the second quarter worth about $5,388,000. Institutional investors own 57.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MO. UBS Group dropped their price target on Altria Group from $68.00 to $61.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. The Goldman Sachs Group boosted their target price on shares of Altria Group from $65.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Altria Group in a research note on Wednesday, October 8th. Morgan Stanley lifted their price target on shares of Altria Group from $57.00 to $62.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. Finally, Bank of America increased their price objective on shares of Altria Group from $64.00 to $72.00 and gave the company a “buy” rating in a report on Friday, August 22nd. Four investment analysts have rated the stock with a Buy rating, five 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 a consensus price target of $62.33.

Altria Group Stock Down 0.6%

MO stock opened at $58.60 on Thursday. Altria Group, Inc. has a 52 week low of $50.08 and a 52 week high of $68.60. The firm has a market capitalization of $98.37 billion, a P/E ratio of 11.33, a price-to-earnings-growth ratio of 3.45 and a beta of 0.51. The company has a fifty day simple moving average of $62.83 and a two-hundred day simple moving average of $61.83.

Altria Group (NYSE:MO) last posted its earnings results on Thursday, October 30th. The company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.01. The firm had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.31 billion. Altria Group had a net margin of 37.24% and a negative return on equity of 295.26%. The business’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.38 EPS. Altria Group has set its FY 2025 guidance at 5.370-5.45 EPS. As a group, analysts anticipate that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group declared that its Board of Directors has approved a share buyback program on Thursday, October 30th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the company to reacquire up to 1.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Altria Group Company Profile

Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company offers cigarettes primarily under the Marlboro brand; large cigars and pipe tobacco under the Black & Mild brand; moist smokeless tobacco and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; oral nicotine pouches under the on! brand; and e-vapor products under the NJOY ACE brand.