Sanctuary Advisors LLC Buys New Position in Altria Group, Inc. $MO

Sanctuary Advisors LLC bought a new stake in Altria Group, Inc. (NYSE:MO) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 579,228 shares of the company’s stock, valued at approximately $41,675,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Brighton Jones LLC boosted its position in shares of Altria Group by 64.7% in the fourth quarter. Brighton Jones LLC now owns 17,702 shares of the company’s stock valued at $926,000 after acquiring an additional 6,954 shares during the period. Sivia Capital Partners LLC boosted its holdings in Altria Group by 86.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 6,361 shares of the company’s stock valued at $373,000 after purchasing an additional 2,946 shares during the period. Schnieders Capital Management LLC. grew its position in Altria Group by 6.9% in the 2nd quarter. Schnieders Capital Management LLC. now owns 9,630 shares of the company’s stock worth $565,000 after purchasing an additional 618 shares during the last quarter. Gamco Investors INC. ET AL acquired a new stake in Altria Group in the 2nd quarter worth $346,000. Finally, AXA S.A. bought a new position in shares of Altria Group during the 2nd quarter worth about $5,752,000. 57.41% of the stock is owned by institutional investors.

Altria Group Stock Up 3.6%

NYSE MO opened at $68.46 on Tuesday. The stock has a market cap of $114.32 billion, a P/E ratio of 14.44, a PEG ratio of 2.34 and a beta of 0.46. The company’s 50-day simple moving average is $70.18 and its 200 day simple moving average is $68.89. Altria Group, Inc. has a twelve month low of $54.70 and a twelve month high of $77.06.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.02). The business had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $5.35 billion. Altria Group had a negative return on equity of 315.29% and a net margin of 33.99%.The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.44 EPS. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. Research analysts anticipate that Altria Group, Inc. will post 5.67 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on MO. The Goldman Sachs Group reaffirmed a “buy” rating and set a $77.00 price objective on shares of Altria Group in a research report on Thursday, April 30th. Stifel Nicolaus lifted 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. Morgan Stanley set a $71.00 price objective on Altria Group in a report on Friday, May 1st. Barclays lowered their price objective on Altria Group from $64.00 to $58.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 11th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Altria Group in a research note on Tuesday, July 14th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company 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.