9,863 Shares in Altria Group, Inc. $MO Acquired by PCM Encore LLC

PCM Encore LLC acquired a new stake in shares of Altria Group, Inc. (NYSE:MO) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 9,863 shares of the company’s stock, valued at approximately $710,000.

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

Altria Group Stock Down 0.3%

MO stock opened at $65.87 on Monday. Altria Group, Inc. has a 52-week low of $54.70 and a 52-week high of $77.06. The stock has a market cap of $109.99 billion, a price-to-earnings ratio of 13.90, a price-to-earnings-growth ratio of 2.34 and a beta of 0.46. The business has a fifty day moving average of $70.20 and a two-hundred day moving average of $68.86.

Altria Group (NYSE:MO) last announced its quarterly 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). The business had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.35 billion. Altria Group had a net margin of 33.99% and a negative return on equity of 315.29%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the company earned $1.44 EPS. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. As a group, sell-side analysts anticipate that Altria Group, Inc. will post 5.67 EPS for the current year.

Insider Transactions at Altria Group

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

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Altria Group from $60.00 to $66.00 and gave the company a “hold” rating in a report on Monday, May 4th. Stifel Nicolaus raised their price target on shares of Altria Group from $68.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Barclays lowered their target price on Altria Group from $64.00 to $58.00 and set an “underweight” rating on the stock in a report on Tuesday, August 11th. Jefferies Financial Group upped their price target on Altria Group from $50.00 to $60.00 and gave the company an “underperform” rating in a research report on Wednesday, May 27th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Altria Group in a research report on Tuesday, July 14th. Five research 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’s stock. According to MarketBeat, Altria Group currently has a consensus rating of “Hold” and a consensus price target 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.