Daiichi Life Insurance Co. Ltd. Purchases New Stake in Altria Group, Inc. $MO

Daiichi Life Insurance Co. Ltd. acquired a new position in Altria Group, Inc. (NYSE:MO) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 154,410 shares of the company’s stock, valued at approximately $11,110,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MO. Comprehensive Financial Planning Inc. PA bought a new position in shares of Altria Group in the 2nd quarter valued at about $26,000. Darwin Wealth Management LLC acquired a new stake in shares of Altria Group during the 2nd quarter worth approximately $27,000. Navalign LLC bought a new stake in shares of Altria Group during the fourth quarter worth approximately $28,000. Hughes Financial Services LLC raised its stake in shares of Altria Group by 62.9% during the fourth quarter. Hughes Financial Services LLC now owns 510 shares of the company’s stock worth $29,000 after buying an additional 197 shares during the last quarter. Finally, Miller Capital Partners Inc. acquired a new position in Altria Group in the fourth quarter valued at approximately $29,000. 57.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MO. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $77.00 price objective on shares of Altria Group in a research note on Thursday, April 30th. Barclays dropped their target price on shares of Altria Group from $64.00 to $58.00 and set an “underweight” rating for the company in a research report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft increased their price target on Altria Group from $60.00 to $66.00 and gave the company a “hold” rating in a research note on Monday, May 4th. Wall Street Zen lowered Altria Group from a “buy” rating to a “hold” rating in a research report on Sunday, June 21st. Finally, Morgan Stanley set a $71.00 price objective on Altria Group in a research note on Friday, May 1st. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $70.11.

Altria Group Price Performance

Shares of NYSE:MO opened at $68.46 on Tuesday. The company has a market capitalization of $114.32 billion, a price-to-earnings ratio of 14.44, a P/E/G ratio of 2.34 and a beta of 0.46. The firm’s 50 day simple moving average is $70.18 and its 200 day simple moving average is $68.89. 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 data 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 for 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 firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.44 EPS. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. Equities research analysts expect that Altria Group, Inc. will post 5.67 earnings per share for the current year.

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.