Transamerica Financial Advisors LLC Purchases New Holdings in Altria Group, Inc. $MO

Transamerica Financial Advisors LLC purchased a new stake in Altria Group, Inc. (NYSE:MO) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 11,789 shares of the company’s stock, valued at approximately $852,000.

Several other institutional investors have also recently made changes to their positions in the stock. Illinois Municipal Retirement Fund grew its position in Altria Group by 7.1% in the fourth 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 last quarter. Procyon Advisors LLC lifted its holdings in shares of Altria Group by 59.3% in the first 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 during the last quarter. Rayburn West Financial Services LLC acquired a new stake in shares of Altria Group in the 4th quarter valued at approximately $2,438,000. North Dakota State Investment Board acquired a new stake in shares of Altria Group in the 4th quarter valued at approximately $3,336,000. Finally, International Assets Investment Management LLC grew its holdings in shares of Altria Group by 206.7% during 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 during the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on MO. UBS Group increased their price target on Altria Group from $76.00 to $79.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Altria Group in a research note on Tuesday, July 14th. Morgan Stanley set a $71.00 price objective on Altria Group in a report on Friday, May 1st. Citigroup raised their target price on Altria Group from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Finally, BTIG Research assumed coverage on Altria Group in a report on Tuesday, July 21st. They set a “neutral” rating on the stock. Five 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 data from MarketBeat, the company has an average rating of “Hold” and an average price target of $70.11.

Altria Group Stock Performance

NYSE:MO opened at $69.13 on Thursday. The company has a market capitalization of $115.43 billion, a PE ratio of 14.58, a P/E/G ratio of 2.41 and a beta of 0.46. The company has a 50 day simple moving average of $70.14 and a two-hundred day simple moving average of $68.93. Altria Group, Inc. has a fifty-two week low of $54.70 and a fifty-two week high of $77.06.

Altria Group (NYSE:MO) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.02). The firm had revenue of $5.36 billion during the quarter, compared to analyst estimates 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 last year, the firm posted $1.44 EPS. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. Research analysts predict that Altria Group, Inc. will post 5.67 EPS for the current 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.